Retail deployment model
First Claim
Patent Images
1. A method for determining an insurance agency location, the method comprising:
- receiving at least one geographic region comprising land from at least two zip codes to be evaluated for placement of the insurance agency location;
generating a risk border comprising a plurality of geographical points abutting a source of peril and a plurality of line segments connecting the plurality of geographical points;
receiving at least one distance band to the risk border;
receiving modeling factors to be utilized in the determination of the insurance agency location;
displaying homeowner counts within the at least one distance band;
determining the insurance agency location based on the displayed homeowner counts and the received at least one distance band;
calculating a final score for each of the at least two zip codes; and
displaying a ranking of the final scores for each of the at least two zip codes.
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Abstract
A method of determining and optimizing the location of a new insurance agency is disclosed to increase market penetration of underrepresented markets. The method comprises the use of a scoring algorithm to rank various geographic regions or related zip codes. The scoring algorithm may be implemented by a location modeling system based on variables selected by a user. In addition, the various ranked geographic regions or related zip codes may be analyzed for proximity to natural or man made perils.
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Citations
20 Claims
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1. A method for determining an insurance agency location, the method comprising:
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receiving at least one geographic region comprising land from at least two zip codes to be evaluated for placement of the insurance agency location; generating a risk border comprising a plurality of geographical points abutting a source of peril and a plurality of line segments connecting the plurality of geographical points; receiving at least one distance band to the risk border; receiving modeling factors to be utilized in the determination of the insurance agency location; displaying homeowner counts within the at least one distance band; determining the insurance agency location based on the displayed homeowner counts and the received at least one distance band; calculating a final score for each of the at least two zip codes; and displaying a ranking of the final scores for each of the at least two zip codes. - View Dependent Claims (2, 3, 4, 5, 6, 7, 19, 20)
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8. A method for determining an insurance agency location, the method comprising:
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receiving at least one geographic region comprising land from at least two zip codes to be evaluated for placement of the insurance agency location; receiving modeling factors to be utilized in the determination of the insurance agency location; generating a risk border comprising a plurality of geographical points abutting a source of peril and a plurality of line segments connecting the plurality of geographical points; receiving distance bands to the risk border; calculating a final score for each of the at least two zip codes based on the modeling factors and distance bands; and displaying the final scores for each zip code on a map and a ranking of the scores of the at least two zip codes. - View Dependent Claims (9, 10, 11, 12, 13, 14)
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15. An apparatus comprising:
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(a) a display; (b) a memory; and (c) a processor coupled to the memory and programmed with computer-executable instructions for performing steps comprising; receiving at least one geographic region comprising land from at least two zip codes to be evaluated for placement of an insurance agency location; generating a risk border comprising a plurality of geographical points abutting a source of peril and a plurality of line segments connecting the plurality of geographical points; receiving a distance band to the risk border; receiving modeling factors to be utilized in the determination of the insurance agency location; calculating, based on the distance band and the modeling factors, a final score for each of the at least two zip codes; and determining the insurance agency location based on the final scores. - View Dependent Claims (16, 17, 18)
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Specification