WO2002041119A3 - Method and system for improving insurance premiums and risk of loss - Google Patents

Method and system for improving insurance premiums and risk of loss Download PDF

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Publication number
WO2002041119A3
WO2002041119A3 PCT/US2001/049935 US0149935W WO0241119A3 WO 2002041119 A3 WO2002041119 A3 WO 2002041119A3 US 0149935 W US0149935 W US 0149935W WO 0241119 A3 WO0241119 A3 WO 0241119A3
Authority
WO
WIPO (PCT)
Prior art keywords
entity
insured
loss
insured entity
insuring
Prior art date
Application number
PCT/US2001/049935
Other languages
French (fr)
Other versions
WO2002041119A2 (en
Inventor
Timothy Gayle Goux
Original Assignee
Timothy Gayle Goux
Priority date (The priority date is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the date listed.)
Filing date
Publication date
Application filed by Timothy Gayle Goux filed Critical Timothy Gayle Goux
Priority to GB0309654A priority Critical patent/GB2384348A/en
Priority to AU2002237734A priority patent/AU2002237734A1/en
Publication of WO2002041119A2 publication Critical patent/WO2002041119A2/en
Publication of WO2002041119A3 publication Critical patent/WO2002041119A3/en

Links

Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
    • G06Q40/08—Insurance
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q30/00—Commerce
    • G06Q30/02—Marketing; Price estimation or determination; Fundraising
    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR COUNTING
    • G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
    • G06Q10/00—Administration; Management
    • G06Q10/10—Office automation; Time management

Abstract

The present invention is a method and system for providing reduced insurance premiums to an insured entity and reduced risk of loss to an insuring entity (320). A program containing certain program requirements for the insured entity is created (330), and procedures are designed for the insured entity to meet these predetermined program requirements. The proximity in meeting these programs requirements are monitored and then communicated to an interested third party, such as the insurer. Thus, the present invention by monitoring the insured entity, and communicating information relating to the insured entity to the insuring entity, allows the insuring entity to reduce the insurance costs to the insured entity if such monitoring results in favourable information for the insurer (420).
PCT/US2001/049935 2000-10-30 2001-10-23 Method and system for improving insurance premiums and risk of loss WO2002041119A2 (en)

Priority Applications (2)

Application Number Priority Date Filing Date Title
GB0309654A GB2384348A (en) 2000-10-30 2001-10-23 A system and method for improving the operations of a business entity and monitoring and reporting the results thereof
AU2002237734A AU2002237734A1 (en) 2000-10-30 2001-10-23 Method and system for improving insurance premiums and risk of loss

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US24440800P 2000-10-30 2000-10-30
US60/244,408 2000-10-30

Publications (2)

Publication Number Publication Date
WO2002041119A2 WO2002041119A2 (en) 2002-05-23
WO2002041119A3 true WO2002041119A3 (en) 2003-01-30

Family

ID=22922625

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2001/049935 WO2002041119A2 (en) 2000-10-30 2001-10-23 Method and system for improving insurance premiums and risk of loss

Country Status (4)

Country Link
US (1) US7346524B2 (en)
AU (1) AU2002237734A1 (en)
GB (1) GB2384348A (en)
WO (1) WO2002041119A2 (en)

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US8140358B1 (en) 1996-01-29 2012-03-20 Progressive Casualty Insurance Company Vehicle monitoring system
US8090598B2 (en) 1996-01-29 2012-01-03 Progressive Casualty Insurance Company Monitoring system for determining and communicating a cost of insurance
US8799024B2 (en) * 2001-10-23 2014-08-05 Timothy Gayle Goux System and method for improving the operation of a business entity and monitoring and reporting the results thereof
US20050044050A1 (en) * 2003-08-18 2005-02-24 Horticultural Asset Management, Inc. Techniques for valuing, insuring, and certifying a valuation of landscape architectures
US20080154642A1 (en) * 2006-12-21 2008-06-26 Susan Marble Healthcare Core Measure Tracking Software and Database
WO2009097581A1 (en) * 2008-01-31 2009-08-06 American International Group, Inc. Method and system of developing a product
US8078537B2 (en) * 2008-06-26 2011-12-13 American International Group, Inc. Comprehensive insurance product with loss coverage and assistance services
US9916625B2 (en) 2012-02-02 2018-03-13 Progressive Casualty Insurance Company Mobile insurance platform system
US20110046985A1 (en) * 2009-08-20 2011-02-24 Fazal Raheman A novel method of underwriting and implementing low premium health insurance for globalizing healthcare
US10055792B2 (en) 2009-11-04 2018-08-21 Michael Price System and method for automated risk management appraisal
US10699556B1 (en) * 2019-03-01 2020-06-30 Honeywell International Inc. System and method for plant operation gap analysis and guidance solution

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US5365425A (en) * 1993-04-22 1994-11-15 The United States Of America As Represented By The Secretary Of The Air Force Method and system for measuring management effectiveness
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Patent Citations (8)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US4942527A (en) * 1987-12-11 1990-07-17 Schumacher Billy G Computerized management system
US5172313A (en) * 1987-12-11 1992-12-15 Schumacher Billy G Computerized management system
US5947747A (en) * 1996-05-09 1999-09-07 Walker Asset Management Limited Partnership Method and apparatus for computer-based educational testing
US20010027455A1 (en) * 1998-08-21 2001-10-04 Aly Abulleil Strategic planning system and method
US20020029158A1 (en) * 1999-12-23 2002-03-07 Wolff Stephen C. Method and system for the life insurance industry
US20010031457A1 (en) * 2000-01-11 2001-10-18 Performance Assessment Network, Inc. Test administration system using the internet
US20020046847A1 (en) * 2000-10-20 2002-04-25 Hitachi Koki Co., Ltd. Operation mode switching mechanism for a hammer drill
US20020055862A1 (en) * 2000-11-09 2002-05-09 Jinks Jill K. Systems and methods for interactively evaluating a commercial insurance risk

Non-Patent Citations (2)

* Cited by examiner, † Cited by third party
Title
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"There is a new way to shop for insurance", ARDEN FINANCIAL SERVICES, 12 October 2001 (2001-10-12), XP002953775, Retrieved from the Internet <URL:http://www.ardenfinancial-com/docs/cgi/express_quote> *

Also Published As

Publication number Publication date
GB2384348A (en) 2003-07-23
US20030078814A1 (en) 2003-04-24
WO2002041119A2 (en) 2002-05-23
US7346524B2 (en) 2008-03-18
AU2002237734A1 (en) 2002-05-27
GB0309654D0 (en) 2003-06-04

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