System and method for providing shipping insurance as a service
First Claim
Patent Images
1. A system, comprising:
- a processor of a machine;
an electronic marketplace platform interface, implemented using the processor of the machine, configured to communicate with at least one electronic marketplace application;
a shipping insurance module, implemented using the processor of the machine, configured to provide a shipping insurance policy to a seller of the electronic marketplace application; and
a dynamic pricing module, implemented using the processor of the machine, configured to receive a base shipping insurance rate for the shipping insurance policy, to calculate a rate adjustment for the seller based on a tier profile of the seller, and to compute a shipping insurance policy rate using the base shipping insurance rate modified with the rate adjustment for the seller.
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Abstract
A shipping insurance service application has an electronic marketplace platform interface, a shipping insurance module, and an insurance provider module. The electronic marketplace platform interface communicates with at least one electronic marketplace application. The shipping insurance module provides a shipping insurance policy to a seller of the corresponding electronic marketplace application and processes a claim from the seller of the corresponding electronic marketplace application based on the shipping insurance policy. The carrier module obtains the shipping insurance policy from an insurance provider among a plurality of insurance providers.
57 Citations
20 Claims
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1. A system, comprising:
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a processor of a machine; an electronic marketplace platform interface, implemented using the processor of the machine, configured to communicate with at least one electronic marketplace application; a shipping insurance module, implemented using the processor of the machine, configured to provide a shipping insurance policy to a seller of the electronic marketplace application; and a dynamic pricing module, implemented using the processor of the machine, configured to receive a base shipping insurance rate for the shipping insurance policy, to calculate a rate adjustment for the seller based on a tier profile of the seller, and to compute a shipping insurance policy rate using the base shipping insurance rate modified with the rate adjustment for the seller. - View Dependent Claims (2, 3, 4, 5, 6, 7)
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8. A computer-implemented method comprising;
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communicating with at least one electronic marketplace application; providing a shipping insurance policy to a seller of the electronic marketplace application; receiving a base shipping insurance rate for the shipping insurance policy; calculating, using a processor of machine, a rate adjustment for the seller based on a tier profile of the seller; and computing a shipping insurance policy rate using the base shipping insurance rate modified with the rate adjustment for the seller. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. A non-transitory computer-readable storage medium storing a set of instructions that, when executed by a processor, cause the processor to perform operations, comprising:
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communicating with at least one electronic marketplace application; providing a shipping insurance policy to a seller of the electronic marketplace application; receiving a base shipping insurance rate for the shipping insurance policy; calculating a rate adjustment for the seller based on a tier profile of the seller; and computing a shipping insurance policy rate using the base shipping insurance rate modified with the rate adjustment for the seller. - View Dependent Claims (16, 17, 18, 19, 20)
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Specification