Invention Application
- Patent Title: MACHINE LEARNING SYSTEMS AND METHODS FOR ANALYZING EMERGING TRENDS
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Application No.: US16293273Application Date: 2019-03-05
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Publication No.: US20220005121A1Publication Date: 2022-01-06
- Inventor: Gregory L. Hayward
- Applicant: State Farm Mutual Automobile Insurance Company
- Applicant Address: US IL Bloomington
- Assignee: State Farm Mutual Automobile Insurance Company
- Current Assignee: State Farm Mutual Automobile Insurance Company
- Current Assignee Address: US IL Bloomington
- Main IPC: G06Q40/08
- IPC: G06Q40/08 ; G06N20/00

Abstract:
A system for detecting an emerging trend in insurance claims is provided. Each insurance claim may include a customer profile of a customer and claim data associated with the customer. The system is configured to (i) store a machine learning model; (ii) input a plurality of new insurance claims into the machine learning model; (iii) identify, by the machine learning model, the emerging trend in the new insurance claims; and (iv) generate a response corresponding to the emerging trend.
Information query