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System and method for an automated validation system

  • US 9,460,471 B2
  • Filed: 12/15/2010
  • Issued: 10/04/2016
  • Est. Priority Date: 07/16/2010
  • Status: Active Grant
First Claim
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1. An automated validation system for validating information used to determine insurance policy adjustments, comprising:

  • an application server of an insurance company configured to;

    obtain from a database information about at least one current policyholder, at least one property of the at least one current policyholder being covered under a property insurance policy offered by the insurance company, wherein a portion of the information indicates that the at least one property of the at least one current policyholder is receiving remote monitoring services from a service provider, wherein the at least one property is one of a home and its associated grounds, an apartment complex, a condominium building and an office building, the remote monitoring services employing sensors for detecting one or more of fire hazards, carbon monoxide levels, water leakage, break-ins and low temperatures;

    validate on a repeated basis more frequently than a term of the property insurance policy and during the term of the property insurance policy, by a trusted third party server employing a secure peer-to-peer communication protocol, that the at least one property of the at least one current policyholder is currently receiving remote monitoring services from the service provider, the trusted third party not being either the insurance company or the service provider, said validating occurring more frequently than the term of the property insurance policy, the trusted third party server further receiving policyholder data from the insurance company and customer data from the service provider and said validating being based on the received policyholder data and customer data without the trusted third party server providing policyholder data to the service provider, and wherein the service provider does not provide customer data of the service provider to the application server, the trusted third party server performing validating by comparing names of policyholders to names of customers of the service provider to identify matching names, identifying policyholder names not matching a name of any customer, approximating the names of the policyholders not matching a name of any customer to be within a predefined code distance apart from an original name of the current policyholder and comparing the approximated name with names of customers of the service provider;

    store in the database validation results received from the trusted third party server, anda business logic computer in communication with the application server configured to determine an insurance policy adjustment given to the at least one current policyholder, responsive to a determination based on the validation results and the portion of the information indicating receipt of remote monitoring services that the at least one property of the at least one current policyholder is either (i) not currently receiving remote monitoring services from the service provider or (ii) currently receiving remote monitoring services from the service provider different from the remote monitoring services indicated in the portion of the information indicating receipt of remote monitoring services, and responsive to a determination based on the validation results and the portion of the information indicating receipt of remote monitoring services that the at least one property of the at least one current policyholder is currently receiving remote monitoring services from the service provider as indicated in the portion of the information indicating receipt of remote monitoring services, configured to determine that an insurance policy benefit provided to the policyholder remains unchanged.

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