Flight accident insurance
First Claim
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1. A system for providing flight accident insurance to a traveler, said system comprising:
- a) a computer configured to accept an application for said flight accident insurance from said traveler, said application comprising a listing of a flight on said traveler'"'"'s itinerary;
b) a computer configured to query a flight database to determine if flight accident insurance is available for said flight, said availability being confirmed if there is less than a first number of said flight accident insurance policies already sold for said flight;
c) a computer configured to receive confirmation of the availability of said flight accident insurance for said traveler;
d) a computer configured to calculate a premium for said flight accident insurance; and
e) a computer configured to provide said premium and an offer of coverage to said traveler;
wherein said computer configured to calculate said premium comprises computer readable instructions for calculating a minimum Risk Premium at least in part according to the equation;
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Abstract
A system for providing flight accident insurance at low price and fixed coverage comprises means for limiting the number of policies that can be sold on any given flight to not more than a predetermined number. The predetermined number may be 20. The system comprises an input device for receiving information from a traveler and an output device for providing an insurance quote to said traveler.
13 Citations
13 Claims
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1. A system for providing flight accident insurance to a traveler, said system comprising:
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a) a computer configured to accept an application for said flight accident insurance from said traveler, said application comprising a listing of a flight on said traveler'"'"'s itinerary; b) a computer configured to query a flight database to determine if flight accident insurance is available for said flight, said availability being confirmed if there is less than a first number of said flight accident insurance policies already sold for said flight; c) a computer configured to receive confirmation of the availability of said flight accident insurance for said traveler; d) a computer configured to calculate a premium for said flight accident insurance; and e) a computer configured to provide said premium and an offer of coverage to said traveler; wherein said computer configured to calculate said premium comprises computer readable instructions for calculating a minimum Risk Premium at least in part according to the equation; - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A method for offering flight accident insurance to a traveler, said method comprising the steps of:
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a) accepting an application for said flight accident insurance from said traveler, said application comprising a listing of a flight on said traveler'"'"'s itinerary; b) querying a flight database to determine if flight accident insurance is available for said flight, said availability being confirmed if there is less than a first number of said flight accident insurance policies already sold for said flight; c) receiving confirmation of the availability of said flight accident insurance for said traveler; d) calculating by a computer a premium for said flight accident insurance based on a minimum Risk Premium calculated at least in part according to the equation - View Dependent Claims (12, 13)
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Specification