Automatic insurance adjustments using real world awareness

Details Automatic insurance adjustments using real world awareness Automatic insurance adjustments using real world awareness

2007-07-17

2011-10-25

Kyle, Charles (Department: 3695)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Insurance

C705S007380, C705S026640, C705S028000, C705S03600T, C235S375000, C340S572100

Reexamination Certificate

active

08046243

ABSTRACT:
An electronic product code information service (EPCIS) interface is provided that allows accessing applications residing on a variety of systems to receive EPC-related data. In setting up an insurance policy, the EPC-related data may be used to determine objects covered by the insurance policy and to valuate the covered objects. An insurance premium may be generated for the insurance policy based on this valuation. In addition, changes to the covered objects may be detected based on the EPC-related data and may be used to automatically adjust the insured value and/or insurance premium.

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