System, program product and method for segmenting and...

Details System, program product and method for segmenting and... System, program product and method for segmenting and...

2007-12-07

2011-11-15

Havan, Thu Thao (Department: 3695)

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

Automated electrical financial or business practice or...

Insurance

C705S035000

Reexamination Certificate

active

08060385

ABSTRACT:
A system, method and computer program product for utilizing a person's voting status as a factor in segmenting a population, and in various aspects of selling, underwriting, or rating insurance. Voting status may include voter registration, eligibility for voter registration, an instance of recent voting, voting frequency, or other voting history in elections. In defining voting status, an instance of recent voting, voting frequency, or other voting history may optionally take into account the type of election or the turnout for the election, or both. Voting status may be used together with other factors such as age, gender, driving distance to place of employment, or residence location. A risk model for insurance purposes is provided, including segmentation of a population into groups based factors including voting status; and determining risk parameters of each group. A rate structure corresponding to the segmented groups may be calculated, and insurance coverage limits and a premium proposed to a customer based on a group assignment. Persons to receive insurance sales solicitations may be identified based on voting status.

REFERENCES:
patent: 4831526 (1989-05-01), Luchs et al.
patent: 4975840 (1990-12-01), DeTore et al.
patent: 5231571 (1993-07-01), D'Agostino
patent: 5523942 (1996-06-01), Tyler et al.
patent: 5673402 (1997-09-01), Ryan et al.
patent: 5749081 (1998-05-01), Whiteis
patent: 5873066 (1999-02-01), Underwood et al.
patent: 5970464 (1999-10-01), Apte et al.
patent: 6021403 (2000-02-01), Horvitz et al.
patent: 6058369 (2000-05-01), Rothstein
patent: 6064970 (2000-05-01), McMillan et al.
patent: 6272528 (2001-08-01), Cullen et al.
patent: 6526386 (2003-02-01), Chapman et al.
patent: 6594635 (2003-07-01), Erlanger
patent: 6684189 (2004-01-01), Ryan et al.
patent: 6868386 (2005-03-01), Henderson et al.
patent: 6938022 (2005-08-01), Singhal
patent: 6985886 (2006-01-01), Broadbent et al.
patent: 7072841 (2006-07-01), Pednault
patent: 7181427 (2007-02-01), DeFrancesco et al.
patent: 7240017 (2007-07-01), Labelle et al.
patent: 7277861 (2007-10-01), Benson et al.
patent: 7386463 (2008-06-01), McCabe
patent: 7610210 (2009-10-01), Helitzer et al.
patent: 7711584 (2010-05-01), Helitzer et al.
patent: 2002/0002475 (2002-01-01), Freedman et al.
patent: 2002/0035488 (2002-03-01), Aquila et al.
patent: 2002/0038363 (2002-03-01), MacLean
patent: 2002/0040312 (2002-04-01), Dhar et al.
patent: 2002/0059137 (2002-05-01), Freeman et al.
patent: 2002/0111835 (2002-08-01), Hele et al.
patent: 2002/0116228 (2002-08-01), Bauer et al.
patent: 2002/0116231 (2002-08-01), Hele et al.
patent: 2002/0120474 (2002-08-01), Hele et al.
patent: 2002/0128882 (2002-09-01), Nakagawa et al.
patent: 2002/0143680 (2002-10-01), Walters et al.
patent: 2002/0194033 (2002-12-01), Huff
patent: 2003/0093302 (2003-05-01), Quido et al.
patent: 2003/0125990 (2003-07-01), Rudy et al.
patent: 2003/0167191 (2003-09-01), Slabonik et al.
patent: 2003/0171959 (2003-09-01), Galloway
patent: 2003/0200125 (2003-10-01), Erlanger
patent: 2003/0229522 (2003-12-01), Thompson et al.
patent: 2004/0019508 (2004-01-01), Yaruss et al.
patent: 2004/0049450 (2004-03-01), Lussler
patent: 2004/0059653 (2004-03-01), Verkuylen et al.
patent: 2004/0117216 (2004-06-01), Dutta et al.
patent: 2004/0128170 (2004-07-01), MacKethan et al.
patent: 2004/0128172 (2004-07-01), Van Cleave et al.
patent: 2004/0153362 (2004-08-01), Bauer et al.
patent: 2004/0172304 (2004-09-01), Joao
patent: 2004/0215552 (2004-10-01), Horn et al.
patent: 2005/0010423 (2005-01-01), Bagbey et al.
patent: 2005/0108062 (2005-05-01), Higgins
patent: 2005/0240451 (2005-10-01), Johnson et al.
patent: 2006/0031159 (2006-02-01), Minot et al.
patent: 2006/0033625 (2006-02-01), Johnson et al.
patent: 2006/0059113 (2006-03-01), Kuznar et al.
patent: 2006/0136274 (2006-06-01), Olivier et al.
patent: 2006/0161462 (2006-07-01), Sharma
patent: 2006/0212195 (2006-09-01), Veith et al.
patent: 2006/0218014 (2006-09-01), Walker et al.
patent: 2006/0253305 (2006-11-01), Dougherty
patent: 2007/0016542 (2007-01-01), Rosauer et al.
patent: 2007/0021987 (2007-01-01), Binns et al.
patent: 2007/0038485 (2007-02-01), Yeransian et al.
patent: 2007/0038488 (2007-02-01), Bauer et al.
patent: 2007/0174096 (2007-07-01), Cain et al.
patent: 2007/0174179 (2007-07-01), Avery
patent: 2008/0027764 (2008-01-01), Marturana et al.
patent: 2008/0065426 (2008-03-01), Ziade et al.
patent: 2008/0154651 (2008-06-01), Kenefick et al.
patent: 2009/0048877 (2009-02-01), Binns et al.
patent: 2009/0119133 (2009-05-01), Yeransian et al.
patent: 2009/0177501 (2009-07-01), Grover et al.
patent: 2010/0004957 (2010-01-01), Ball
patent: 0 935 208 (1999-08-01), None
patent: WO 99/48036 (1999-09-01), None
patent: WO 01/91017 (2001-11-01), None
patent: WO 02/088889 (2002-11-01), None
Northeast Action, Boston, MA; Putting List Enhancement to Work—Ideas on How to Use Enhanced Lists Effectively and Creatively; Internet pp. 1-8; printed Mar. 12, 2008.
Ron Fein Consulting, List Enhancement Fields, Mar. 31, 2000; pp. 1-12.
Gilderbloom, J.; Markham, J., The Impact of Homeownership on Political Beliefs, one page; University of North Carolina Press; Jun. 1995. Abstract Only.
Alberto Simpser; Theory of Corrupt Elections, html version of file http://cas.uchicago.edu/workshops/cpolit/papers/simpser2006.pdf; Sep. 10, 2006; pp. 1-60.
Green, Meg, Automated Underwriting Helps Safeco Rate Commercial Risks; Best's Review, vol. 106, No. 1., p. 106, May 1, 2005.
Amoroso, R., et al., Secrets to Successful Commercial Segmentation, Best's Review, vol. 107, Issue 3; 7 pages, Jul. 1, 2006.
Apte, Grossman et al.; Research Report, Insurance Risk Modeling Using Data Mining Technology, 10 pages, IBM Research Division, IBM T.J. Watson Research Center, Mar. 31, 1998.
VCS, The First Place for Voter File Information, The National Political Database, 28 pages, copyright, 1997.
Office Action from U.S. Appl. No. 11/555,043 mailed Mar. 17, 2010.
Office Action from U.S. Appl. No. 11/555,043 mailed Aug. 4, 2010.
Office Action dated Nov. 17, 2008, U.S. Appl. No. 11/617,426, filed Dec. 28, 2006.
Office Action dated Apr. 16, 2009, U.S. Appl. No. 11/617,426, filed Dec. 28, 2006.
Office Action from U.S. Appl. No. 11/555,026 mailed Aug. 3, 2010.
Office Action from U.S. Appl. No. 11/555,026 mailed Mar. 8, 2010.
Office Action from U.S. Appl. No. 11/617,395 mailed Jun. 22, 2010.
Office Action from U.S. Appl. No. 11/617,395 mailed Nov. 24, 2010.
Office Action from U.S. Appl. No. 11/617,395 mailed Aug. 3, 2010.
Office Action from U.S. Appl. No. 11/617,395 mailed Jan. 26, 2010.
Ian Turvill, The 21stcentury insurer: Beyond price—Successful responses to shrinking opportunities, pp. 11-12, Fall 2006/Winter 2007, vol. 30, #3, View Points, Fair Isaac Corporation.
Alexander Felfernig, Koba4MS: Selling Complex Products and Services using Knowledge-based Recommender Technologies, 2005, pp. 1-9, IEEE International Conference on E-Commerce Technology.
Simon Field, A personalised needs oriented approach to insurance product sales, 2002, pp. 1-4, IBM Zurich Research Laboratory.
Raffi Kassarjian, Banking's customer imperative: Are you building on your advantage—or losing it?, pp. 1-5, Fall 2006/Winter 2007, vol. 30, #3, View Points, Fair Isaac Corporation.
View Points, Scotiabank set to reap rewards from customer-centric collections, p. 24, Fall 2006/Winter 2007, vol. 30, #3, View Points, Fair Isaac Corporation.
Acord Corporation, Acord 131 (1/96) Umbrella Section, 2 pages total, 1991.

Affiliated with

Also associated with

Rating

System, program product and method for segmenting and... does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with System, program product and method for segmenting and..., we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and System, program product and method for segmenting and... will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-4312089