INSURANCE APPLICATIONS UTILIZING VIRTUAL ENGINEERING DATA

• US 20150178850A1
• Filed: 12/24/2013
• Published: 06/25/2015
• Est. Priority Date: 12/24/2013
• Status: Abandoned Application

• Current Assignee: The Travelers Indemnity Company (The Travelers Cos., Inc.)
• Original Assignee: The Travelers Indemnity Company (The Travelers Cos., Inc.)
• Inventors: Machnicki, John P., Kreuzer, Robert J., Andersen, Keith D.
• Application Number:
  US14/139,876
• Publication Number:
  US 20150178850A1
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

Systems, apparatus, interfaces, methods, and articles of manufacture that provide for insurance claims handling, underwriting, and risk assessment applications utilizing virtual engineering data.

Claims

1. A method, comprising:

aggregating, by an insurance claim handling system, engineering data associated with a plurality of insurance claims;

providing, by the insurance claim handling system and after the aggregating, an interface configured to receive insurance claim data;

receiving, by the insurance claim handling system and via the interface, an indication of data descriptive of a current insurance claim;

determining, by the insurance claim handling system and based on a comparison of the aggregated engineering data and the data descriptive of the current insurance claim, whether the current insurance claim should be (i) denied, (ii) allowed, or (iii) referred for further review; and

outputting, by the insurance claim handling system and via the interface, an indication of the determination.

2. The method of claim 1, wherein the aggregating comprises:

receiving the engineering data; and

storing indications of the engineering data in a database in association with one or more engineering parameter fields.

3. The method of claim 2, wherein the engineering data is received via wireless communication from one or more engineering sensors.

4. The method of claim 3, wherein the one or more engineering sensors comprise one or more of a vibration sensor, a strain sensor, a displacement sensor, and a fluid sensor.

5. The method of claim 1, wherein the receiving, by the insurance claim handling system and via the interface, of the indication of data descriptive of the current insurance claim, comprises:

receiving geolocation data descriptive of a location of an object associated with the current insurance claim.

6. The method of claim 5, wherein the interface comprises a map interface portion and wherein the receiving of the geolocation data descriptive of the location of the object associated with the current insurance claim, comprises:

receiving, via the map interface portion of the interface, a graphical input descriptive of the geolocation data.

7. The method of claim 1, wherein the data descriptive of the current insurance claim comprises data identifying one or more of:

(i) a distance of an event from an insured object;

(ii) an energy source characteristic parameter descriptive of the event;

(iii) a soil type parameter associated with the event;

(iv) a hydraulic parameter associated with the event; and

(v) a structural parameter associated with the event.

8. An insurance claim handling system, comprising:

a processing device; and

a memory device in communication with the processing device, the memory device storing instructions that when executed by the processing device result in;

aggregating engineering data associated with a plurality of insurance claims;

providing, the aggregating, an interface configured to receive insurance claim data;

receiving, via an interface, an indication of data descriptive of a current insurance claim;

determining, based on a comparison of the aggregated engineering data and the data descriptive of the current insurance claim, whether the current insurance claim should be (i) denied or (ii) allowed; and

outputting, via the interface, an indication of the determination.

9. The system of claim 8, wherein the aggregating comprises:

receiving the engineering data; and

storing indications of the engineering data in a database in association with one or more engineering parameter fields.

10. The system of claim 9, wherein the engineering data is received via wireless communication from one or more engineering sensors.

11. The system of claim 10, wherein the one or more engineering sensors comprise one or more of a vibration sensor, a strain sensor, a displacement sensor, and a fluid sensor.

12. The system of claim 8, wherein the receiving, by the insurance claim handling system and via the interface, of the indication of data descriptive of the current insurance claim, comprises:

receiving geolocation data descriptive of a location of an object associated with the current insurance claim.

13. The system of claim 12, wherein the interface comprises a map interface portion and wherein the receiving of the geolocation data descriptive of the location of the object associated with the current insurance claim, comprises:

receiving, via the map interface portion of the interface, a graphical input descriptive of the geolocation data.

14. The system of claim 8, wherein the data descriptive of the current insurance claim comprises data identifying one or more of:

(i) a distance of an event from an insured object;

(ii) an energy source characteristic parameter descriptive of the event;

(iii) a soil type parameter associated with the event;

(iv) a hydraulic parameter associated with the event; and

(v) a structural parameter associated with the event.

15. A non-transitory computer-readable memory storing instructions that when executed by a processing device result in:

aggregating engineering data associated with a plurality of insurance claims;

providing, the aggregating, an interface configured to receive insurance claim data;

receiving, via an interface, an indication of data descriptive of a current insurance claim;

determining, based on a comparison of the aggregated engineering data and the data descriptive of the current insurance claim, whether the current insurance claim should be (i) denied or (ii) allowed; and

outputting, via the interface, an indication of the determination.