Insurance product model-based apparatus and method
First Claim
1. A method for use with a computer, comprising:
- providing in a computer memory an insurance product model comprising insurance policy metadata that includes;
a plurality of policy patterns, and relationships between at least some of the plurality of policy patterns, wherein;
the plurality of policy patterns include a risk unit pattern and a coverage term pattern;
the relationships include a relationship between the risk unit pattern and the coverage term pattern; and
the plurality of policy patterns and relationships between at least some of the plurality of policy patterns define a plurality of allowable combinations of policy elements associated with a policy product, the plurality of allowable combinations of policy elements including a plurality of allowable coverages, a plurality of allowable coverage terms associated with the plurality of allowable coverages, and a plurality of allowable coverage term values associated with the plurality of allowable coverage terms;
substantively interpreting, in the computer, the insurance product model using the relationships between at least some of the plurality of policy patterns of the insurance product model to thereby facilitate obtaining supplemental policy-specific data, including;
receiving, at the computer, information about a risk unit to be covered by a policy;
determining, one or more available coverages associated with the risk unit, one or more available coverage terms associated with the one or more available coverages, and one or more available coverage term values associated with the one or more available coverage terms, the determination being based on the insurance product model, the risk unit pattern and the coverage term pattern of the insurance product model, and the relationship between the risk unit pattern and coverage term pattern;
receiving, at the computer, a plurality of selections including a selected one of the one or more available coverages, a selected one of the one or more available coverage terms, and a selected one of the one or more available coverage term values; and
constructing an insurance policy based on the plurality of selections.
1 Assignment
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Accused Products
Abstract
An insurance product model comprising insurance policy metadata is provided (101) in a computer memory. The insurance policy metadata may comprise, at least in part, data that describes information that comprises a given corresponding insurance policy. A computer then serves to substantively interpret (102) this insurance product model to facilitate obtaining supplemental policy-specific data. The supplemental policy-specific data and the insurance policy metadata comprise separate and discrete data models and may, if desired, be stored (103) separately from one another. So configured, these teachings further support using (104) the insurance product model and the supplemental policy-specific data to facilitate an insurance-related action.
35 Citations
36 Claims
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1. A method for use with a computer, comprising:
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providing in a computer memory an insurance product model comprising insurance policy metadata that includes;
a plurality of policy patterns, and relationships between at least some of the plurality of policy patterns, wherein;the plurality of policy patterns include a risk unit pattern and a coverage term pattern; the relationships include a relationship between the risk unit pattern and the coverage term pattern; and the plurality of policy patterns and relationships between at least some of the plurality of policy patterns define a plurality of allowable combinations of policy elements associated with a policy product, the plurality of allowable combinations of policy elements including a plurality of allowable coverages, a plurality of allowable coverage terms associated with the plurality of allowable coverages, and a plurality of allowable coverage term values associated with the plurality of allowable coverage terms; substantively interpreting, in the computer, the insurance product model using the relationships between at least some of the plurality of policy patterns of the insurance product model to thereby facilitate obtaining supplemental policy-specific data, including; receiving, at the computer, information about a risk unit to be covered by a policy; determining, one or more available coverages associated with the risk unit, one or more available coverage terms associated with the one or more available coverages, and one or more available coverage term values associated with the one or more available coverage terms, the determination being based on the insurance product model, the risk unit pattern and the coverage term pattern of the insurance product model, and the relationship between the risk unit pattern and coverage term pattern; receiving, at the computer, a plurality of selections including a selected one of the one or more available coverages, a selected one of the one or more available coverage terms, and a selected one of the one or more available coverage term values; and constructing an insurance policy based on the plurality of selections. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29)
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30. An apparatus comprising:
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a computer memory having stored therein an insurance product model comprising insurance policy metadata that that includes;
a plurality of policy patterns, and relationships between at least some of the plurality of policy patterns, wherein;the plurality of policy patterns include a risk unit pattern and a coverage term pattern; the relationships include a relationship between the risk unit pattern and the coverage term pattern; and the plurality of policy patterns and relationships between at least some of the plurality of policy patterns define a plurality of allowable combinations of policy elements associated with a policy product, the plurality of allowable combinations of policy elements including a plurality of allowable coverages, a plurality of allowable coverage terms associated with the plurality of allowable coverages, and a plurality of allowable coverage term values associated with the plurality of allowable coverage terms; an interpreter being operably coupled to the computer memory and being configured and arranged to substantively interpret the insurance product model using the relationships between at least some of the plurality of policy patterns of the insurance product model to thereby facilitate obtaining supplemental policy-specific data, including; receiving information about a risk unit to be covered by a policy; determining, one or more available coverages associated with the risk unit, one or more available coverage terms associated with the one or more available coverages, and one or more available coverage term values associated with the one or more available coverage terms, the determination being based on the insurance product model, the risk unit pattern and the coverage term pattern of the insurance product model, and the relationship between the risk unit pattern and coverage term pattern; receiving a plurality of selections including a selected one of the one or more available coverages, a selected one of the one or more available coverage terms, and a selected one of the one or more available coverage term values; and constructing an insurance policy based on the plurality of selections. - View Dependent Claims (31, 32, 33, 34, 35, 36)
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Specification