Invention Grant
- Patent Title: Multivariate predictive system
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Application No.: US14627662Application Date: 2015-02-20
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Publication No.: US10223751B1Publication Date: 2019-03-05
- Inventor: Richard Hutchinson , William Everett , David Pratt , Raymond Ling
- Applicant: Progressive Casualty Insurance Company
- Applicant Address: US OH Mayfield Village
- Assignee: PROGRESSIVE CASUALTY INSURANCE COMPANY
- Current Assignee: PROGRESSIVE CASUALTY INSURANCE COMPANY
- Current Assignee Address: US OH Mayfield Village
- Agency: Brinks Gilson & Lione
- Main IPC: G06Q40/08
- IPC: G06Q40/08 ; G06F17/30

Abstract:
A multivariate predictive system processes usage based data that includes a database engine that provides access to a plurality of database management systems that mine diverse sources of usage based data. A digital filter selectively filters data streams that include usage based data. A sampler automatically divides the filtered data into sample groups and stores the sample groups in a memory. The sampler divides the filtered data according to insurance rating variables processed by a processor programmed to underwrite an insurance product and rate that insurance product. Some samplers store the divided filter data in a local memory. A multiplier multiples rating factors preprogrammed with the insurance rating variables with a base rate of insurance to determine an insured's insurance premium.
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