Insurance claim capitation and predictive payment modeling
First Claim
Patent Images
1. A system comprising:
- a processor;
a non-transitory computer-readable medium storing instructions that, when executed by the processor, cause the system to;
receive, from a computing device of a first vehicle, vehicle data comprising acceleration data generated by an accelerometer of the computing device;
determine, based on a payment model, a predicted cost of repair of a second vehicle, wherein the payment model is based on one or more loss attributes associated with one or more multipliers, and wherein the payment model is further based on the acceleration data; and
send a payment to a repair facility, wherein the payment is based on the predicted cost of repair, and wherein the payment is sent before a claim associated with the payment is made.
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Abstract
A claim-based capitation model is proposed for handling vehicle repair insurance claims. Rather than determining a detailed estimate of the expected actual cost of repair, the estimate may be determined using a simpler model. For example, the insurance company and a repair facility may agree to following a predictive payment model in which the insurance company pays a fixed predicted capitated amount of money for each repair claim, regardless of the amount of repair work that will be needed. Alternatively, the insurance company may prepay a fixed capitated amount for a predicted number of future insurance claims.
9 Citations
20 Claims
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1. A system comprising:
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a processor; a non-transitory computer-readable medium storing instructions that, when executed by the processor, cause the system to; receive, from a computing device of a first vehicle, vehicle data comprising acceleration data generated by an accelerometer of the computing device; determine, based on a payment model, a predicted cost of repair of a second vehicle, wherein the payment model is based on one or more loss attributes associated with one or more multipliers, and wherein the payment model is further based on the acceleration data; and send a payment to a repair facility, wherein the payment is based on the predicted cost of repair, and wherein the payment is sent before a claim associated with the payment is made. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A non-transitory computer readable storage medium storing computer readable instructions which, when read by a computer, instruct the computer to perform:
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receiving, from a computing device of a first vehicle, vehicle data comprising acceleration data generated by an accelerometer of the computing device; determining, based on a payment model, a predicted cost of repair of a second vehicle, wherein the payment model is based on one or more loss attributes associated with one or more multipliers, and wherein the payment model is further based on the acceleration data; and sending a payment to a repair facility, wherein the payment is based on the predicted cost of repair, and wherein the payment is sent before a claim associated with the payment is made. - View Dependent Claims (10, 11, 12, 13, 14, 15)
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16. A method comprising:
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receiving, from a computing device of a first vehicle, vehicle data comprising acceleration data generated by an accelerometer of the computing device; determining, based on a payment model, a predicted cost of repair of a second vehicle, wherein the payment model is based on one or more loss attributes associated with one or more multipliers, and wherein the payment model is further based on the acceleration data; and sending a payment to a repair facility, wherein the payment is based on the predicted cost of repair, and wherein the payment is sent before a claim associated with the payment is made. - View Dependent Claims (17, 18, 19, 20)
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Specification