公开(公告)号：US20220215476A1

公开(公告)日：2022-07-07

申请号：US16910687

申请日：2020-06-24

Applicant: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY

Inventor： Leif Agerholm Roll ,  Jeff McCarty ,  Craig Dean Isaacs ,  Kelli Taylor ,  Sara Frankowiak

IPC: G06Q40/08 ,  G06Q10/10 ,  G06Q30/08

Abstract: A computer-implemented method includes dividing consumers into multiple affinity groups based upon characteristics and preferences of the consumers, at least by analyzing the characteristics and/or preferences using a machine learning model. The method also includes auctioning an opportunity to provide insurance for one or more of the affinity groups, receiving one or more bids for purchase and/or offers of insurance for the one or more of the affinity groups, and accepting a winning bid. The method further includes causing individual insurance policies or a group insurance policy to be provide to or updated for consumers associated with a particular affinity group corresponding to the winning bid, thereby providing lower cost insurance and/or insurance that is more reflective of actual risk, or lack thereof, for the consumers associated with the particular affinity group

公开(公告)号：US20220092698A1

公开(公告)日：2022-03-24

申请号：US16874155

申请日：2020-05-14

Applicant: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY

Inventor： Leif Agerholm Roll ,  Scott Alexander Hintz ,  Andrew Patrick Wieduwilt

IPC: G06Q40/08 ,  G06Q40/06

Abstract: The techniques disclosed herein generally relate to providing insurance via an integrated investment and insurance account. An integrated account may have an owner, and may include an investment vehicle portion and an insurance policy portion. The investment vehicle portion may include or be associated with one or more investment vehicles via which the account owner may invest money and, based on the invested funds, the insurance policy portion may provide insurance for which the account owner is designated as the insured party. Premiums for the insurance policy portion may be borne by the operating expenses of the investment vehicle portion. Additionally, a payout or benefit amount of the insurance provided by such integrated accounts may be based on the value of accumulated assets under management of the investment vehicle portion at the time of the payout.

公开(公告)号：US20220012813A1

公开(公告)日：2022-01-13

申请号：US16853704

申请日：2020-04-20

Applicant: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY

Inventor： Leif Agerholm Roll ,  Eric Webster ,  Gregory Hayward ,  Craig Dean Isaacs

IPC: G06Q40/08 ,  G06Q10/10 ,  G06Q30/08

Abstract: An intermediary entity may act on behalf of consumers to find Usage-Based Insurance (UBI) that best or optimally meet the consumers' UBI preferences and/or characteristics. Based upon an analysis of individual UBI consumer characteristics and/or preferences, each individual UBI consumer may be grouped with other UBI consumers having similar characteristics and/or UBI preferences. For at least one individual assigned a first UBI policy group or segment, intermediary entity may determine that a UBI preference or characteristic of the individual has changed, divide or segment the individual into a second UBI policy group or segment based on the changed UBI preference or characteristic, and update or provide a UBI policy for the individual associated with the second UBI policy group or segment.

公开(公告)号：US20210142420A1

公开(公告)日：2021-05-13

申请号：US15457705

申请日：2017-03-13

Applicant: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY

Inventor： Leif Agerholm Roll

IPC: G06Q40/08

Abstract: An intermediary entity may act on behalf of consumers to find policy rates and/or other features that best meet the consumers' insurance requirements and/or preferences. For instance, consumers may give affirmative consent or otherwise opt into a program that provides insurance cost savings or discounts. Based upon an analysis of individual consumer characteristics and/or insurance preferences, each individual consumer may be grouped with other insurance consumers having similar characteristics and/or insurance preferences. The insurance consumer groupings may be offered for sale, such as through an online auction. When a winning bid is accepted, the insurance policies of the consumers may be updated or new policies may be provided and/or presented to individual consumers for their approval, thereby providing consumers with lower cost insurance and/or insurance that is more reflective of actual risk (or lack thereof). The consumer groups may be updated over time and re-auctioned.

公开(公告)号：US10713728B1

公开(公告)日：2020-07-14

申请号：US15869685

申请日：2018-01-12

Applicant: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY

Inventor： Leif Agerholm Roll ,  Craig Dean Isaacs ,  Eric Webster ,  Gregory L. Hayward

IPC: G06Q40/06 ,  G06Q40/08 ,  G06Q30/08 ,  G06Q10/10

Abstract: Multiple insurance policies may be grouped or segmented into affinity groups, each of which corresponds to a respective risk level. A set of financial instruments corresponding to a particular affinity group of insurance policies may be created and automatically offered for auction, e.g., online. Bids received from potential investors may indicate, e.g., percentage of assumed risk, percentage of profit sharing, percentage of shared loss, service or commission fee amounts, etc. that are acceptable to the bidding party. The party or parties submitting the winning bids may be awarded investment in the financial instruments and may enter into respective financial agreements with the financial instrument provider, thereby securitizing the risk associated with the insurance policies. Profits and/or losses generated by the insurance policies of the affinity group corresponding to the financial instruments may be distributed in accordance with the terms of the financial agreement.

公开(公告)号：US10664920B1

公开(公告)日：2020-05-26

申请号：US15869752

申请日：2018-01-12

Applicant: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY

Inventor： Leif Agerholm Roll ,  Eric Webster ,  Gregory L. Hayward ,  Craig Dean Isaacs

IPC: G06Q40/08 ,  G06Q30/08 ,  G06Q10/10

Abstract: Blockchain techniques for providing insurance to an affinity group may include an enforcement server that receives a plurality of bidding actions (e.g., bid or no-bid) from a plurality of bidding entities in response to an auction of an opportunity to provide insurance for members of the affinity group. The server may compile transactions corresponding to the received bidding actions into a block of transactions (e.g., a round of bidding), distribute the block of transactions to validation entities to form a consensus on the highest bid, and update copies of a distributed ledger with the block of transactions. The server may identify a winning bid and provide affinity group member data to the winning bidding entity, thereby providing consumers with lower cost insurance and/or insurance that is more reflective of actual risk (or lack thereof). The affinity group may be updated over time and re-auctioned using the blockchain techniques.

公开(公告)号：US10510120B1

公开(公告)日：2019-12-17

申请号：US14871401

申请日：2015-09-30

Applicant: STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY

Inventor： Leif Agerholm Roll

IPC: G06Q40/00 ,  G06Q40/08

Abstract: An intermediary entity may act on behalf of consumers to find policy rates and/or other features that best meet the consumers' insurance requirements and/or preferences. For instance, consumers may give affirmative consent or otherwise opt into a program that provides insurance cost savings or discounts. Based upon an analysis of individual consumer characteristics and/or insurance preferences, each individual consumer may be grouped with other insurance consumers having similar characteristics and/or insurance preferences. The insurance consumer groupings may be offered for sale, such as through an online auction. When a winning bid is accepted, the insurance policies of the consumers may be updated or new policies may be provided and/or presented to individual consumers for their approval, thereby providing consumers with lower cost insurance and/or insurance that is more reflective of actual risk (or lack thereof). The consumer groups may be updated over time and re-auctioned.