Pareto Intelligence Assigned Patent for Methods for Providing Insurer Risk Data

ALEXANDRIA, Va., July 13 -- Pareto Intelligence, Chicago, Illinois, has been assigned a patent (No. 10,346,922, initially filed Jan. 6, 2015) developed by two co-inventors for "systems and methods for providing insurer risk data." The co-inventors are John Steele, Chicago, Illinois, and Steven Young, Chicago, Illinois.

The full-text of the patent can be found at http://patft.uspto.gov/netacgi/nph-Parser?Sect1=PTO1&Sect2=HITOFF&d=PALL&p=1&u=%2Fnetahtml%2FPTO%2Fsrchnum.htm&r=1&f=G&l=50&s1=10,346,922.PN.&OS=PN/10,346,922&RS=PN/10,346,922

The abstract states: "Included are systems and methods for providing insurer risk data. Some of the methods include receiving insurance data related to an insurer and determining a captured risk score from the insurance data, the captured risk score being determined by a predetermined calculation. Some of the methods include determining a gap risk score from the insurance data, where the gap risk score being determined from a proprietary calculation that is different than the predetermined calculation, and where the gap risk score identifying a second criteria that was not identified in the captured risk score and the qualifies the insurer for an additional compensation. Some of the methods include providing a user interface that includes data related to the captured risk score and the gap risk score."

Written by Ranjan Behera; edited by Sudarshan Harpal.