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
  • G06Q30/00—Commerce
  • G06Q30/06—Buying, selling or leasing transactions

Definitions

• This invention relates to a system and to a method for verification and authentication of commercial transactions and, more specifically, but not exclusively, to a system and to a method for verification and authentication of insurance transactions and the like.
• a system for verification and authentication comprising: a repository of data relating to contracts between any one of a plurality of providers and any one of a plurality of parties provided for; a communication network between the repository and the plurality of providers; and an enquiry facility operable to access the data in the repository and to generate therefrom response data in reply to a verification or an authentication request received along the communication network.
• each one of the plurality of providers to have access to the enquiry facility by means of at least one respective data terminal connected to the communication network, for a verification or authentication request to be submitted to the enquiry facility by a user of the system at one of the data terminals, and for the response data generated by the enquiry facility in response to the verification or authentication request to be transmitted along the communication network to the data terminal from which the request was submitted.
• Still further features of the invention provide for data in the repository to be partitioned according to the provider to which the corresponding contract relates, for the insurance data in each partition to be directly accessible only by an authorised representative of the provider to which the data relates, and for the system to include a download facility enabling each one of the plurality of providers to update the data in its corresponding partition in the repository.
• the providers to be insurers for the parties provided for to be insured parties, and for the contracts to be insurance contracts.
• the insurance data to include, for each insurance contract, an identity of the insured party, an address of the insured party, a description of an underlying insured property, the status of the insurance contract, t ⁇ e status being active when the insurance contract is in force, and lapsed when the insurance contract has terminated, and a claims history associated with the insurance contract, for each claim associated with the insurance contract to include a description of the loss or damage to the insured property and a corresponding police reference code where the loss or damage arises out of a criminal act, for the insured property to be a motor vehicle, and for the insurance data for a motor vehicle to include the registration, engine and chassis numbers, of the motor vehicle, and the particulars of a licence of an authorised driver of the motor vehicle.
• the authentication or verification request submitted to the enquiry facility to relate to the claims history of a particular insured party, or whether a particular insured property is insured with more than one of the plurality of insurers, or whether a claim for a particular loss or damage to the insured property has been submitted to more than one insurer.
• the communication network to also connect the repository of insurance data to a number of financial institutions providing finance for insured property listed in the repository of insurance data, for an authentication or verification request submitted to the enquiry facility to relate to whether a particular item of property is insured, to request the status of an insurance contract for a particular insured property, or whether a particular insured property is financed by more than one financial institution.
• the communication network to also connect the repository of insurance data to a number of databases, for the number of databases to include any one or more of a national population register, a national corporations register, a national vehicle register, a national firearms register, a police stolen vehicle recovery register, credit bureax and telecommunication network operators, and for the enquiry facility to have read-only access to the number of databases.
• the communication network to be the Internet, for data transmitted along the communication network to be encrypted, and for the system to include an archive facility for storing insurance data relating to lapsed insurance contracts.
• the invention extends to a method for verification and authentication, comprising the steps of: providing a repository of data relating to insurance contracts between any one of a plurality of providers and anyone of a plurality of parties provided for; providing a communication network between the repository and the plurality of providers; submitting a verification or an authentication request to an enquiry facility operable to access the data in the repository; and generating therefrom response data in reply to the verification or authentication request.
• providers to be insurers
• parties provided for to be insured parties
• contracts for the contracts to be insurance contracts.
• FIG.1 is a schematic representation of a system for verification and authentication of insurance transactions according to the invention.
• FIG.2 is a schematic representation of the system of Figure 1 shown in greater detail.
• the system (1) includes a repository (2) of data in the form of a database containing insurance data relating to insurance contracts between any one of a plurality of insurers (3) and any one of a plurality of insured parties (now shown).
• the database (2) is connected to each one of the plurality of insurers (3) through a communication network (4) in the form of a Wide Area Network (WAN).
• An enquiry facility (5) is interposed between the database (2) and the communication network (4).
• the enquiry facility (5) receives verification or authentication requests along the communication network (4) and is operable to access the insurance data in the database (2) and to generate response data in reply to the verification or authentication requests received by it.
• the enquiry facility is preferably a database server such as the well-known SQL database server.
• Each one of the plurality of insurers (3) has access to the enquiry facility (5) by means of one or more respective data terminals (6) connected to the communication network (4).
• an authentication or a verification request is submitted to the database server (5) by a user of the system (1) at one of the data terminals (6).
• Response data generated by the enquiry facility (5) in response to verification or authentication request received along the communication network (4) is returned along the communication network to the data terminal (6) from which the verification or authentication request was submitted.
• insurance data in the database (2) is partitioned into partitions (7) according to the insurer (3) to which the insurance contracts relate.
• the insurance data is partitioned in this manner to provide that any particular insurer (3) does not have access to confidential insurance data relating to insurance contracts to which it is not a party.
• An access control facility (8) legislates access to the partitions (7) of the database (2) and ensures that insurance data in each partition is directly accessible only by an authorised representative of the insurer (3) to which the insurance data in the partition relates.
• each insurer (3) is able to exercise complete control over the insurance data in its corresponding partition (7) in the database (2) and that the system (1) includes a download facility enabling each one of the insurers (3) to update the insurance data in its corresponding partition in the database at desired times.
• T is enables insurers (3) to update the insurance data in the partitions (7) on a daily basis to reflect any amendments to existing insurance contracts, new contracts which have come into existence during a business day, or insurance contracts which have lapsed.
• the insurance data will include, in respect of each insurance contract, an identity of the insured party under the insurance contract, address of the insured party, a description of an underlying insured property, and the status of the insurance contract, the status being active when the insurance contract is in force, and lapsed when the insurance contract has terminated. It is also envisaged that an insurer (3) will also store in the partition a claims history associated with each insurance contract, and for each claim associated with then insurance contract to include a description of the loss or damage to the insured property, and corresponding police reference code in instances where the loss or damage has arisen out of a criminal act.
• the insurance data for the motor vehicle includes the registration, engine and chassis numbers of the motor vehicle, and the licence particulars of authorised drivers of the motor vehicle.
• the Wide ea Network (4) also connects the database (2) to a number of financial institutions (8) which provide finance for insured property listed in the database (2) of insurance data. Further, the WAN (4) is also connected to a number of additional databases (9), generally compiled and operated by federal or state agencies. These additional databases (8) include any one or more of a national population register, a national corporations register, a national vehicle register, a national firearms register, a police stolen vehicle recovery register, various credit supplementary, and telecommunication network operators. T e enquiry facility (5) may also access data in the additional databases (9) in a read only manner in order to generate response data in reply to a verification or an authentication request received along the communication network (4).
• a user of the system submits an authorisation or a verification request to the system at one of the data terminals (3).
• the type authentication or verification request submitted is dependent on the objective of the user but will, typically, relate to the claims history of a particular insured party, or whether a particular insured property is insured with more than one of the plurality of insurers (3), or whether a claim for a particular loss or damage to the insured property has been submitted to more than one of the plurality of insurers.
• Authentication or verifications requests submitted to the enquiry facility (5) by one of the financial institutions (8) will be of a different nature, for example, to determine whether a particular item of property such as a specific motor vehicle is insured, to request the status of an insured contract for a particular item of insured property, or to determine whether a particular item of insured property is financed by more than one financial institution (8).
• the additional databases (9) are accessed by the enquiry facility (5) as necessary to generate appropriate response data in reply to an authorisation or a verification request submitted to the system (1).
• system (1) will enable, insurance institutions (3) to detect and prevent multiple insurance of items of insured property and will enable insurers to verify the prior claims history of insured parties who wish to enter into an insurance contract. Further, the system (1) will conveniently allow financial institutions to verify on an ongoing basis that items of insured property for which they have provided finance are adequately insured at all times during the period for which the property is financed.
• the communication network (4) may be the Internet as opposed to a Wide Area Network.
• data transmitted along the communication network may be encrypted in order to provide increased levels of security and confidentiality of information, and the system (1) may, optionally, include an archive facility for storing insurance data relating to lapsed insurance contracts.
• the invention therefore provides a comprehensive and integrated system which may be conveniently applied by insurers, financial institutions and governmental agencies to reduce the incidence of insurance fraud.

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• Business, Economics & Management (AREA)
• Accounting & Taxation (AREA)
• Finance (AREA)
• Development Economics (AREA)
• Economics (AREA)
• Marketing (AREA)
• Strategic Management (AREA)
• Physics & Mathematics (AREA)
• General Business, Economics & Management (AREA)
• General Physics & Mathematics (AREA)
• Engineering & Computer Science (AREA)
• Theoretical Computer Science (AREA)
• Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)

Applications Claiming Priority (3)

Publications (1)

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• 1999
  • 1999-12-03 AU AU20603/00A patent/AU2060300A/en not_active Abandoned
  • 1999-12-03 EE EEP200000454A patent/EE200000454A/et unknown
  • 1999-12-03 EP EP99964334A patent/EP1060447A2/en not_active Withdrawn
  • 1999-12-03 IL IL13767399A patent/IL137673A0/xx unknown
  • 1999-12-03 CA CA002319560A patent/CA2319560A1/en not_active Abandoned
  • 1999-12-03 WO PCT/ZA1999/000132 patent/WO2000033210A2/en active Application Filing

Non-Patent Citations (1)

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