Interactive credential system and method
First Claim
1. A computerized method of collecting and distributing confidential insurance loss history and account performance information on an entity, comprising the steps of:
- establishing a network interface between a central server, at least one remote data collection terminal and at least one authorized third party terminal, the central server having computer readable memory associated therewith;
receiving real time insurance loss history and account performance information on the entity from the at least one remote data collection terminal;
storing the real time insurance loss history and account performance information in a database stored in the computer readable memory;
calculating a single weighted score by aggregation of a selected plurality of factors of the real time insurance loss history and account performance information, wherein the single weighted score represents a risk measure of an individual'"'"'s insurance real time loss history and account performance information relative to the entity;
storing the single weighted score in the computer readable memory;
transmitting authorization data to view the real time insurance loss history and account performance information and the single weighted score from the at least one authorized third party terminal to the server;
authenticating and authorizing the at least one third parties'"'"' access to the database;
displaying the real time insurance loss history and account performance information and the single weighted score to the at least one third party; and
continuously monitoring the database for a change in the at least one selected factor, and transmitting an alert signal to the at least one third party terminal based upon the at least one change to the real time insurance loss history and account performance information and the single weighted score.
1 Assignment
0 Petitions
Accused Products
Abstract
The interactive credential system and method has a database containing employee-employer-applicant surveyed information, industry specific criteria, such as insurance loss history and account performance, an authorization code for authorizing access to the database and a control device, operatively associated with the database, for presenting weighted scores. The system further includes a surveyed party processor operatively associated with the control device, and wherein the surveyed party processor is capable of transmitting the authorization code to view the surveyed information. The system also has a participant processor that is capable of requesting authorization to download the employee-employer-applicant information, including weighted scores computed from the system'"'"'s algorithms processed from industry specific parameters.
25 Citations
20 Claims
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1. A computerized method of collecting and distributing confidential insurance loss history and account performance information on an entity, comprising the steps of:
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establishing a network interface between a central server, at least one remote data collection terminal and at least one authorized third party terminal, the central server having computer readable memory associated therewith; receiving real time insurance loss history and account performance information on the entity from the at least one remote data collection terminal; storing the real time insurance loss history and account performance information in a database stored in the computer readable memory; calculating a single weighted score by aggregation of a selected plurality of factors of the real time insurance loss history and account performance information, wherein the single weighted score represents a risk measure of an individual'"'"'s insurance real time loss history and account performance information relative to the entity; storing the single weighted score in the computer readable memory; transmitting authorization data to view the real time insurance loss history and account performance information and the single weighted score from the at least one authorized third party terminal to the server; authenticating and authorizing the at least one third parties'"'"' access to the database; displaying the real time insurance loss history and account performance information and the single weighted score to the at least one third party; and continuously monitoring the database for a change in the at least one selected factor, and transmitting an alert signal to the at least one third party terminal based upon the at least one change to the real time insurance loss history and account performance information and the single weighted score. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A computerized method of collecting and distributing confidential insurance loss history and account performance information, comprising the steps of:
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establishing a network interface between a central server, at least one remote data collection terminal and at least one authorized third party terminal, the central server having computer readable memory associated therewith; receiving real time insurance loss history and account performance information from the at least one remote data collection terminal; storing the real time insurance loss history and account performance information in a database stored in the computer readable memory; updating the real time insurance loss history and account performance information in real time upon a change therein; calculating a single weighted score by aggregation of a selected plurality of factors of the real time insurance loss history and account performance information, wherein the single weighted score represents a risk measure of an individual'"'"'s insurance real time loss history and account performance information relative to the entity; storing the single weighted score in the computer readable memory; updating the single weighted score upon an updated change in the real time insurance loss history and account performance information; transmitting authorization data to view the real time insurance loss history and account performance information and the single weighted score from the at least one authorized third party terminal to the server; authenticating and authorizing the at least one third parties'"'"' access to the database; displaying the real time insurance loss history and account performance information and the single weighted score to the at least one third party; continuously monitoring the database for a change in at least one third party selected factor; transmitting an alert signal to the at least one third party terminal upon detection of a change in the at least one third party selected factor. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20)
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Specification