Insurance premium rate setting support system

• US 7,840,423 B2
• Filed: 12/27/2005
• Issued: 11/23/2010
• Est. Priority Date: 12/27/2004
• Status: Expired due to Fees

• Current Assignee: Chiyoda Gravure Corp., Shinko KIKO Company Limited
• Original Assignee: Chiyoda Gravure Corp., Shinko KIKO Company Limited
• Inventors: Sato, Hisayoshi
• Primary Examiner(s): Patel; Jagdish N
• Assistant Examiner(s): POE, KEVIN T
• Application Number:
  US11/320,453
• Publication Number:
  US 20060218021A1
• Time in Patent Office: 1,792 Days
• Field of Search: 705/4
• US Class Current: 705/4
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

An insurance premium rate setting support system is composed of a computer and includes: a probability-increase/strong-influence location coefficient setting section which sets a probability-increase/strong-influence location coefficient by obtaining the coefficient based on a predetermined function; and an earthquake insurance premium rate computation section which computes an insurance premium rate where an increase in the earthquake occurrence probability, based on the estimated strain accumulation, is reflected by multiplying together the set probability-increase/strong-influence location coefficient and an insurance premium rate where the increase in the earthquake occurrence probability, based on the estimated strain accumulation, is not reflected.

Claims

1. A computer system for setting insurance premium rates of travel accident insurance comprising:

an input unit for a purchaser to input a location and time range of travel to be covered by the travel accident insurance;

a memory unit for storing information relating to moonrise and moonset times at a plurality of locations; and

a basic insurance premium rate; and

a central processing unit connected to the input unit and the memory unit;

wherein the central processing unit is programmed;

to determine when an inputted time range of traveling on a journey to be covered by travel accident insurance falls within plus and minus 3 hours of the moonrise or moonset time at the inputted location and, in response, set a moon influence coefficient of the journey reflecting an increase in an earthquake occurrence rate; and

to compute an applicable insurance premium rate by multiplying together said set moon influence coefficient and the basis insurance premium rate.

2. The computer system according to claim 1, wherein the memory unit further stores a predetermined function, and the central processing unit sets said moon influence coefficient based on the predetermined function whereby said coefficient progressively decreases with a decrease in the earthquake occurrence rate with respect to a time difference from said one of said moonrise and moonset.

3. The computer system according to claim 1, further comprising:

an output unit for outputting the insurance premium rate computed by the central processing unit, wherein the system is configured so as to allow a purchaser of the insurance to purchase the insurance.

4. The computer system according to claim 2, further comprising:

an output for outputting the insurance premium rate computed by the central processing unit, wherein the system is configured so as to allow a purchaser of the insurance to purchase the insurance with one of the foregoing insurance premium rates, the one being spontaneously selected by the purchaser.