Patent Issued for Processing system to facilitate multi-region risk relationships (USPTO 11694274): Hartford Fire Insurance Company

2023 JUL 26 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- According to news reporting originating from Alexandria, Virginia, by NewsRx journalists, a patent by the inventors Bergbauer, Jr., Alfred Edward (Kennett Square, PA, US), Dubois, Danielle (Plainville, CT, US), Lakkakula, Venkata Uma (Rocky Hill, CT, US), Ramelow, Kim Carina (Brooklyn, NY, US), Strong, Kevin M (Inver Grove Heights, MN, US), filed on February 23, 2021, was published online on July 4, 2023.

The assignee for this patent, patent number 11694274, is Hartford Fire Insurance Company (Hartford, Connecticut, United States).

Reporters obtained the following quote from the background information supplied by the inventors: “An enterprise might enter into a risk relationship with an entity (e.g., as a form of risk management) and the relationship may include agreements covering multiple regions (e.g., various countries). In some cases, the enterprise may want to accurately populate and/or adjust the content of one or more electronic records that represent those agreements. For example, more accurate electronic records may improve the performance of the enterprise by reducing errors (and the need to re-enter information). Note that improving the accuracy of electronic records may result in substantial improvements to the operation of a network (e.g., by reducing an overall number of electronic messages that need to be created and transmitted via various networks). Manually updating electronic records and associated documents, however, can be time consuming and expensive-especially when a substantial number of electronic records (e.g., associated with a large number of countries) and/or a wide range of different types of information that needs to be tracked

“In some cases, a multi-national risk relationship enterprise might use macro-based spreadsheet application toolkits to quote and price multi-region agreements. Such an approach, however, can require excessive and repetitive manual input, miss key business functionalities, and allow for minimal or no system integration to help combine and/or cleanse the data.

“It would be desirable to provide systems and methods to facilitate the creation of multi-region electronic record information in a way that provides faster, more accurate results.”

In addition to obtaining background information on this patent, NewsRx editors also obtained the inventors’ summary information for this patent: “According to some embodiments, systems, methods, apparatus, computer program code and means are provided to facilitate the creation of multi-region electronic record information in a way that provides faster, more accurate results and that allow for flexibility and effectiveness when generating documents that utilize those results. In some embodiments, a multi-region risk relationship data store may contain electronic records representing a plurality of multi-region risk relationships and, for each multi-region risk relationship, an electronic record identifier and a set of multi-region attribute values including a plurality of hierarchical local risk relationship attribute values. A back-end application computer server may receive an indication of a selected risk relationship and display at least some of the associated multi-region attribute values. The server may receive adjustments to some of the multi-region attribute values, and displayed information may be automatically and dynamically configured based on the received adjustments and a standalone risk calculation unit. When an adjusted attribute value differs from a multi-region attribute value by more than a threshold amount, a confirmation signal from a user device may be requested. When adjustments have been completed, the server may automatically assemble a multi-region risk relationship document.

“Some embodiments comprise: means for accessing, by a back-end application computer server, a multi-region risk relationship data store containing electronic records representing a plurality of multi-region risk relationships with an enterprise and, for each multi-region risk relationship, an electronic record identifier and a set of multi-region attribute values including a plurality of hierarchical local risk relationship attribute values; means for receiving an indication of a selected risk relationship, between the enterprise and an entity, from the multi-region risk relationship data store, including the associated set of multi-region attribute values; means for arranging to display at least some of the multi-region attribute values on an interactive user interface display; means for receiving, from a remote user device, adjustments to at least some of the multi-region attribute values, wherein the information on the interactive user interface display is automatically and dynamically configured based on the received adjustments and a standalone risk calculation unit; means for arranging for at least some local risk relationship attribute values to be automatically replicated for multiple regions; means for receiving, from the remote user device, an indication that adjustments to multi-region attribute values have been completed; means for, responsive to the received indication, automatically assembling a multi-region risk relationship document; and means for transmitting an indication of the assembled multi-region risk relationship document to the remote user device.

“In some embodiments, a communication device associated with a back-end application computer server exchanges information with remote devices in connection with an interactive graphical user interface. The information may be exchanged, for example, via public and/or proprietary communication networks.

“A technical effect of some embodiments of the invention is an improved and computerized way to facilitate the creation of multi-region electronic record information in a way that provides faster, more accurate results. With these and other advantages and features that will become hereinafter apparent, a more complete understanding of the nature of the invention can be obtained by referring to the following detailed description and to the drawings appended hereto.”

The claims supplied by the inventors are:

“1. A system to facilitate the creation of multi-region electronic record information via a back-end application computer server of an enterprise, comprising: (a) a multi-region risk relationship data store containing electronic records representing a plurality of multi-region risk relationships with the enterprise and, for each multi-region risk relationship, an electronic record identifier and a set of multi-region attribute values including a plurality of hierarchical local risk relationship attribute values; (b) the back-end application computer server, coupled to the multi-region risk relationship data store, including: a computer processor, and a computer memory, coupled to the computer processor, storing instructions, that when executed by the computer processor cause the back-end application computer server to: (i) receive an indication of a selected risk relationship, between the enterprise and an entity, from the multi-region risk relationship data store, including the associated set of multi-region attribute values, (ii) arrange to display at least some of the multi-region attribute values on an interactive user interface display, (iii) receive, from a remote user device, an adjustment to at least one of the multi-region attribute values, wherein the information on the interactive user interface display is automatically and dynamically configured based on the received adjustment and a standalone risk calculation unit, (iv) arrange for at least some local risk relationship attribute values to be automatically replicated for multiple regions, (v) upload an attachment file from the remote user device, (vi) automatically supplement information from the multi-region risk relationship data store with values automatically extracted from the attachment file to reduce a number of computer network messages exchanged by the back-end application computer server, (vii) receive, from the remote user device, an indication that the adjustment has been completed, (viii) responsive to the received indication, automatically assemble a multi-region risk relationship document in accordance with at least one of the hierarchical local risk relationship attribute values, and (ix) transmit an indication of the assembled multi-region risk relationship document to the remote user device; and © a communication port coupled to the back-end application computer server to facilitate an exchange of data with the remote user device to support the interactive user interface display via a distributed communication network.

“2. The system of claim 1, wherein each region is associated with a different country.

“3. The system of claim 2, wherein the interactive user interface display includes a dashboard display with at least one of: (i) an open program indication, (ii) a controlled master program indication, (iii) a package program indication, (iv) a master and local policy indication, (v) a program status chart, (vi) a line of business chart, (vii) a master and local policy chart, and (viii) program chronological data.

“4. The system of claim 2, wherein the interactive user interface display includes a search display with: (i) an account search, (ii) a program search, and (iii) a policy search.

“5. The system of claim 2, wherein the multi-region risk relationships are associated with insurance policies.

“6. The system of claim 5, wherein the interactive user interface display includes a program setup display with at least one of: (i) a program identifier, (ii) an industry code, (iii) a list of insurance coverages, (iv) a list of countries, (v) an effective and expiration date, (vi) a business type, (vii) first named insured information, (viii) agency details, (ix) underwriter details, and (x) account manager and underwriter details.

“7. The system of claim 5, wherein the interactive user interface display includes a location exposure display with at least one of: (i) a country identifier, (ii) address data, (iii) latitude and longitude data, (iv) revenue or sales information, (v) trip day values, (vi) headcount values, (vii) construction information, and (viii) industry hazard data.

“8. The system of claim 5, wherein the interactive user interface display includes a rating information display with at least one of: (i) a country identifier, (ii) total location premium values, (iii) occupancy information, (iv) exposure information, and (v) natural disaster risk information.

“9. The system of claim 5, wherein the interactive user interface display includes a policy information display with at least one of: (i) master policy data, (ii) additional named insureds, (iii) master broker and foreign details, and (iv) premium details.

“10. The system of claim 5, wherein the interactive user interface display includes a forms selection display with at least one of: (i) a form number, (ii) a form name, (iii) an indication of whether a form is included, (iv) an indication of whether a form can be filled-in with information, and (v) a form description.

“11. The system of claim 5, wherein the interactive user interface display includes a final policy preparation display with at least one of: (i) summary information, (ii) quote proposal information, (iii) binder data, (iv) coding sheets, and (v) network instructions.

“12. The system of claim 2, wherein information from the multi-region risk relationship data store is supplemented with at least one of: (i) third-party data, (ii) governmental data, (iii) document data, (iv) credit score data, (v) premium data, (vi) account information, and (vii) region details.

“13. A computerized method to facilitate the creation of multi-region electronic record information via a back-end application computer server of an enterprise, comprising: accessing, by a computer processor of the back-end application computer server, a multi-region risk relationship data store containing electronic records representing a plurality of multi-region risk relationships with the enterprise and, for each multi-region risk relationship, an electronic record identifier and a set of multi-region attribute values including a plurality of hierarchical local risk relationship attribute values; receiving an indication of a selected risk relationship, between the enterprise and an entity, from the multi-region risk relationship data store, including the associated set of multi-region attribute values; arranging to display at least some of the multi-region attribute values on an interactive user interface display; receiving, from a remote user device, an adjust adjustment to at least one of the multi-region attribute values, wherein the information on the interactive user interface display is automatically and dynamically configured based on the received adjustment and a standalone risk calculation unit; arranging for at least some local risk relationship attribute values to be automatically replicated for multiple regions; automatically uploading an attachment file from the remote user device; automatically supplementing information from the multi-region risk relationship data store with values automatically extracted from the attachment file to reduce a number of computer network messages exchanged by the back-end application computer server; receiving, from the remote user device, an indication that the adjustment has been completed; responsive to the received indication, automatically assembling a multi-region risk relationship document in accordance with at least one of the hierarchical local risk relationship attribute values; and transmitting an indication of the assembled multi-region risk relationship document to the remote user device.

“14. The method of claim 13, wherein each region is associated with a different country.

“15. The method of claim 14, wherein the interactive user interface display includes a dashboard display with at least one of: (i) an open program indication, (ii) a controlled master program indication, (iii) a package program indication, (iv) a master and local policy indication, (v) a program status chart, (vi) a line of business chart, (vii) a master and local policy chart, and (viii) program chronological data.

“16. The method of claim 14, wherein the interactive user interface display includes a search display with at least one of: (i) an account search, (ii) a program search, and (iii) a policy search.

“17. The method of claim 14, wherein the multi-region risk relationships are associated with insurance policies.”

There are additional claims. Please visit full patent to read further.

For more information, see this patent: Bergbauer, Jr., Alfred Edward. Processing system to facilitate multi-region risk relationships. U.S. Patent Number 11694274, filed February 23, 2021, and published online on July 4, 2023. Patent URL (for desktop use only): https://ppubs.uspto.gov/pubwebapp/external.html?q=(11694274)&db=USPAT&type=ids

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