Invention Grant
- Patent Title: System and method for risk matching clients with insurance companies
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Application No.: US14818923Application Date: 2015-08-05
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Publication No.: US10679293B2Publication Date: 2020-06-09
- Inventor: Alejandro Zarate Santovena , Robert Howe
- Applicant: Marsh USA Inc.
- Applicant Address: US NY New York
- Assignee: Marsh USA Inc.
- Current Assignee: Marsh USA Inc.
- Current Assignee Address: US NY New York
- Agency: Fay Kaplun & Marcin, LLP
- Main IPC: G06Q40/00
- IPC: G06Q40/00 ; G06Q40/08

Abstract:
A system and method that performs a similarity calculation to identify insurance accounts having similar characteristics. The similarity calculation may be based on an existing insurance account or a synthetic insurance account that has user defined characteristics. The system and method may store account information for a plurality of insurance accounts that is normalized to a coordinate system. Parameters of a similarity account are identified and a similarity calculation is performed to identify a subset of the plurality of insurance accounts that match the similarity account. The similarity calculation includes calculating a distance between the similarity account and each of the plurality of insurance accounts and determining the subset of the plurality of insurance accounts that satisfy a predetermined similarity threshold based on the distance.
Public/Granted literature
- US20170039655A1 SYSTEM AND METHOD FOR RISK MATCHING CLIENTS WITH INSURANCE COMPANIES Public/Granted day:2017-02-09
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