Social network risk analysis
First Claim
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1. A method comprising:
- using a processor associated with a computing device, creating a social network for an entity, wherein the social network connects the entity to a plurality of other entities through a plurality of connections configured to connect the entity to the plurality of other entities via intermediate entities;
using the processor, analyzing the social network to determine risk associated with insuring the entity within the social network;
using the processor and based upon the determined risk, determining a rate for insuring the entity; and
using the processor, computing a betweeness centrality measure for the entity to determine how well the entity connects two separate sub communities within the social network.
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Abstract
An enhanced social network module associated with an entity may create a social network for an individual, group, and/or organization. The module may then use the social network to determine risk associated with insuring a member of the social network. The determined risk may be used to calculate a rate for insuring the member. Additional features of the module may allow for the calculation of a group rate for insuring all members of the social network, the calculation of various centrality measures for each member of the social network, the calculation of a trust score for any given member, and the ability to poll members of the social network to determine various characteristics of any given member.
41 Citations
19 Claims
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1. A method comprising:
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using a processor associated with a computing device, creating a social network for an entity, wherein the social network connects the entity to a plurality of other entities through a plurality of connections configured to connect the entity to the plurality of other entities via intermediate entities; using the processor, analyzing the social network to determine risk associated with insuring the entity within the social network; using the processor and based upon the determined risk, determining a rate for insuring the entity; and using the processor, computing a betweeness centrality measure for the entity to determine how well the entity connects two separate sub communities within the social network. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13)
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14. An apparatus comprising:
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a processor; and a memory configured to store computer-readable instructions that, when executed by the processor, cause the processor to perform; creating a social network for an individual, wherein the social network connects the individual to a plurality of other individuals through a plurality of connections configured to connect the individual to the plurality of other individuals via intermediate individuals; determining at least one characteristic of the individual by analyzing the at least one characteristic of the intermediate individuals and the other individuals; computing a betweeness centrality measure for the individual to determine how well the individual connects two separate sub communities within the social network; based on the determined at least one characteristic of the individual, determining risk associated with insuring the individual; and based upon the determined risk, determining a rate for insuring the individual. - View Dependent Claims (15, 16, 17)
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18. A non-transitory computer-readable storage medium having computer-executable program instructions stored thereon that when executed by a processor, cause the processor to perform steps comprising:
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creating a social network comprising a plurality of entities that are connected to other entities via intermediate entities; analyzing a plurality of centrality measures for the plurality of entities, wherein one of the plurality of centrality measures comprises a betweeness centrality measure to determine how well the plurality of entities connect two separate sub communities within the social network; and using information about the betweeness centrality measure to attract more entities to become customers. - View Dependent Claims (19)
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Specification