WO2017152635A1

WO2017152635A1 - Insurance product creation method and system based on insurance element and factor

Info

Publication number: WO2017152635A1
Application number: PCT/CN2016/104128
Authority: WO
Inventors: 张贯京
Original assignee: 深圳市前海安测信息技术有限公司
Priority date: 2016-03-05
Filing date: 2016-10-31
Publication date: 2017-09-14
Also published as: CN105809550A

Abstract

An insurance product creation method and system based on an insurance element and factor. The method comprises the following steps: receiving an insurance factor input by a user and converting same into a standard factor, wherein the factor is metadata associated with one or more insurance elements; determining an association relationship between the factor and the insurance elements; creating an insurance coverage according to the association relationship; creating an insured object; and creating an insurance product based on the insurance coverage and the insured object. By means of the insurance product creation method and system, by pre-establishing, standardizing and managing a basic insurance element and factor, and creating an insured object in an insurance coverage according to an association relationship between an insurance factor and an insurance element, the number of different insurance coverages can be kept very small, and the difference between the insurance coverages is structuralized and the insurance coverages are easy to manage, such that various insurance products can be obtained by means of combination and subdivision according to market changes so as to realize the rapid design of insurance products.

Description

Insurance product creation method and system based on insurance factors and factors

[0001] The present invention relates to the field of data processing technologies, and in particular, to a method and system for creating an insurance product based on insurance factors and factors.

Background technique

[0002] The insurance industry has to consider a variety of variable factors in designing and marketing different insurance products. For example, different factors are used when designing insurance products for different insured objects and/or geographic areas. In order to adapt to changes in customer and market demand, insurers need to continuously design new insurance coverage for various events and design new insurance products for various insured objects. For example, if there is a market opportunity, the insurer may want to redesign its insurance coverage and issue a new insurance product to get the opportunity from that market opportunity. However, with existing insurance product creation systems, this design or redesign process is often complex and cumbersome. To increase the speed of insurance product design, it is necessary to design a method to pre-determine various insurance coverages and create insurance products based on these predetermined insurance coverages.

technical problem

[0003] The main purpose of the present invention is to provide an insurance product creation method and system based on insurance factors and factors, aiming at solving the unreasonable structure of the existing insurance product creation system, in the process of designing or redesigning the insurance product, the process Complex and depleted technical issues.

Problem solution

Technical solution

[0004] In order to achieve the above object, the present invention provides an insurance product creation method based on insurance factors and factors.

[0005] The insurance product creation method based on insurance factors and factors includes the following steps:

Accepting an insurance factor input by a user and converting the insurance factor into a standard factor, the standard factor being metadata associated with one or more insurance elements;

[0007] creating a relationship template between the standard factor and the insurance element;

[0008] creating a coverage according to the association relationship template; [0009] creating an insured object;

[0010] An insurance product is created based on the coverage and the insured object.

[0011] Preferably, the standard factor includes an actuarial factor and a non-actuarial factor.

[0012] Preferably, the plurality of insurance elements are associated with one same standard factor.

[0013] Preferably, the insurance element includes standard risk, loss, compensation and insured object.

[0014] Preferably, the insured object is an object to which the insurance coverage is applicable.

Advantageous effects of the invention

Beneficial effect

[0015] The present invention also provides an insurance product creation system based on insurance factors and factors.

[0016] The insurance product creation system based on the insurance factor and the factor includes a factor determination module, an association determination module, a first creation module, a second creation module, and a third creation module, wherein:

[0017] the factor determination module is configured to accept an insurance factor input by a user, and convert the insurance factor into a standard factor, the standard factor being metadata associated with one or more insurance elements;

[0018] the association relationship determining module is configured to create an association relationship template between the standard factor and the insurance element

[0019] the first creating module is configured to create a coverage according to the association relationship template;

[0020] the second creating module is used to create an insured object;

[0021] The third creation module is configured to create an insurance product based on the coverage and the insured object.

[0022] Preferably, the standard factor includes an actuarial factor and a non-actuarial factor.

[0023] Preferably, the plurality of insurance elements are associated with one same standard factor.

[0024] Preferably, the insurance element includes standard risk, loss, compensation and insured object.

[0025] Preferably, the insured object is an object to which the insurance coverage is applicable.

[0026] Compared with the prior art, the present invention provides an insurance product and factor based insurance product creation method and system, by pre-establishing, standardizing and managing basic insurance elements and factors, and according to standard factors and insurance elements The relationship creates the coverage of the insured object, the number of different coverage areas can be kept small, and the differences between these coverage areas are well structured and easy to manage, and can be combined and subdivided according to market changes. A variety of insurance products, thus achieving a rapid design of insurance products. Brief description of the drawing DRAWINGS

1 is a schematic structural diagram of a preferred embodiment of an operating environment for an insurance product creation system based on insurance elements and factors according to the present invention;

2 is a schematic flow chart of a method for creating an insurance product based on insurance factors and factors according to the present invention.

BEST MODE FOR CARRYING OUT THE INVENTION

The specific embodiments, structures, features and utilities of the present invention are described in detail below with reference to the accompanying drawings and preferred embodiments. It is understood that the specific embodiments described herein are merely illustrative of the invention and are not intended to limit the invention.

[0030] To achieve the object of the present invention, the present invention provides an insurance product creation system based on insurance factors and factors, which pre-establishes, standardizes and manages basic insurance elements and factors, and then uses these basic elements to create underwriting. range. Therefore, the number of different coverages can be kept small, and the differences between these coverages are well structured and easy to manage. Subsequently, using these risk factors, a variety of insurance products can be combined and segmented according to market changes, thus realizing the design of real insurance products.

Referring to FIG. 1, FIG. 1 is a schematic structural diagram of a preferred embodiment of an insurance product creation system operating environment based on insurance elements and factors according to the present invention.

[0032] In this embodiment, the operating environment includes a server 01 and a client 02, and the server 01 and the client 02 are connected by a network 03. The insurance product creation system 100 based on the insurance elements and factors runs in the server 01. The server 01 can include one or more memory devices 011 and storage devices 012 that are configured to store software instructions/programs and data. In some embodiments, the data can be stored in the form of a database. Server 01 may further include one or more processors 013 that are configured to use the data and execute software instructions to perform functions and operations based on server 01. For example, processor 013 can be configured to execute stored software instructions to perform operations related to providing software such that the insurance product can be designed and managed in the disclosed embodiments. The insurance product creation system 100 based on the insurance factor and factor performs data interaction with the memory device 011, the storage device 012, and the processor 013 through a data bus. The server 01 can be a standalone service Server, or may be part of a subsystem that may be part of a larger system. For example, server 01 can be one of a plurality of distributed servers that are far apart and communicate over a network (eg, an Internet network) or a private network (eg, a LAN).

[0033] The client 02 accepts the user's input through the input/output interface 021 to operate the server 01, and outputs the processing result to the display 022 of the client. The input/output interface 021 can be an interface provided by dedicated client software, or can be operated by a browser. Client 02 can be a computing device that is configured to execute software instructions to perform one or more of the disclosed embodiments. For example, the client can be a desktop computer, a laptop computer, a server, a mobile device (e.g., a tablet, a smart phone, etc.), and/or any other type of computing device.

[0034] In the embodiment, the insurance product creation system 100 based on the insurance factor and the factor includes a factor determination module 10, an association relationship determination module 20, a first creation module 30, a second creation module 40, and a third creation module. 50.

[0035] The factor determination module 10 is configured to accept an insurance factor input by a user and convert the insurance factor into a standard factor, the standard factor being metadata associated with one or more insurance elements.

[0036] Specifically, the standard factor is pre-stored in the insurance factor database and one or more insurance elements

Metadata associated with (eg risk / damage related to compensation). In some embodiments, the standard factors include actuarial factors and non-actuarial factors. Actuarial factors are included in the calculation of premiums for insurance policies and the evaluation of business rules to manage risk factors considered by actuaries. Non-actuarial factors include factors that are not directly related to risk but still affect the pricing of insurance policies. For example, non-actuarial factors may include market pricing factors, such as premiums for competitors of the same or similar coverage. These factors are usually not considered by the actuary, but may still affect insurance pricing. However, the name of the person is not an actuarial factor and does not affect pricing at all. In some embodiments, a plurality of insurance elements are associated with these factors such that each of the risk elements can relate to a list of factors. For example, as a type of risk, the factors that fire can include include location, building age, building area, number of rooms, structure type, wall structure type, roof structure type, and so on.

[0037] The association determining module 20 is configured to create an association template between the factor and the insurance element.

[0038] Specifically, the insurance element includes a standard risk, a loss, a compensation, and an insured object; the relationship between the factor and the insurance element may be established in advance according to an empirical value, and stored in a database. Can reason The solution is that multiple insurance elements are associated with the same standard factor. Here, the common standard factor is associated with each insurance element that relates to it. After creating the association template between the factor and the insurance element, the same standard factor is used as the primary key, and the data table is created by combining the associated multiple insurance elements. For example, as a type of risk in car insurance - "theft" can involve the owner's location, which is also a standard factor for "hazard", a type of risk in home insurance.

[0039] The first creating module 30 is configured to create a coverage according to the association relationship template.

[0040] Specifically, based on these factors and their association with insurance elements, coverage and other intermediate insurance attributes, such as rules, formulas, and terms, are created. In some embodiments, it is preferred to first determine an insurance element based on the factor. Second, insurance coverage can be determined by combining the standard risks, losses and compensation.

[0041] In the present embodiment, risk refers to risks or events that are covered by insurance, such as fire (relative to the house), collision (relative to the car), and theft (relative to personal property). Loss is the impairment caused by the associated risk. For example, vehicle property damage and personal medical loss can occur in a collision event. Compensation refers to the scope of the loss covered by insurance. In some embodiments, the compensation may include a limit and a deductible. For example, a car insurance policy can limit any one event (AOA) payment to $100,000. Insurance coverage (compensation for specific losses resulting from the risk of underwriting) can be combined through the creation of risks, losses and compensation. Other elements (such as actuarial formulas, rules, and terms) can also be created first. In the present embodiment, the actuarial formula is a mathematical formula for calculating insurance premiums based on various factors associated with the insurance element. Rules can specify one or more conditions for accepting or rejecting an insurance application. Typically, a rule can specify a range of values for a factor as a condition for accepting an insurance application. For example, rules can be created for applications that accept people who are younger than 50 years old, or for applications that have smoke detectors installed. The terms can be a stencil language detailing certain insurance terms, or a stencil language that describes insurance coverage.

[0042] The second creating module 40 is configured to create an insured object.

[0043] In the embodiment, the insured object is an object to which the insurance coverage is applicable. For example, an insured person in a home insurance policy may be a residential building on a particular piece of land. As another example, an insured object in a car insurance policy may be one or more vehicles owned by a particular household. Insured objects can be created based on actuarial factors shared with associated risks and losses, as well as other non-actuarial factors. [0044] The third creation module 50 is configured to create an insurance product based on the coverage and the insured object.

[0045] Specifically, first, actuarial insurance products (also referred to as technical insurance products) are created based on rules and formulas of coverage, insured objects, and optional product levels. For example, one or more insurance coverages can be combined with one or more insured objects to create the actuarial product. Second, create segmented insurance products through actuarial products. In some embodiments, the subdivision can be achieved by presetting a value or a series of values for certain factors associated with the actuarial product. For example, the property location factor for a home insurance product can be pre-set to Virginia, thereby making Virginia residents a potential market and thus adapting to the sales and marketing efforts in the Virginia market. As another example, in medical insurance products, the insured's age factor can be pre-set to 20-25 years old to target young people (usually single and/or childless). Such products can be marketed to, for example, college students and new graduates.

[0046] Various insurance related templates are created based on these factors. In some embodiments, an interface can be created to receive input values for various factors associated with a particular insurance product. The interface can include various fields for receiving input. In some embodiments, the interface can be a user interface ("UI") or a graphical user interface ("GUI") for receiving input from a user. In some other implementations, the interface can be a program interface for receiving input values from a public service. For example, the program interface can be an application programming interface ("API").

[0047] In this embodiment, the factor and various insurance elements are the basic "elements" of the insurance product design. The coverage is "compound", which is a combination of these basic "elements". At another level, the actuarial product is a "mixture" that is a combination of coverage and insured objects. Just as a large number of mixtures can be produced with a limited number of elements, a large number of actuarial products can be created based on a limited number of factors. By pre-determining and storing a small number of "elements" and using these "elements" to combine higher levels of insurance semantics, the entire insurance product design process can be simplified and accelerated.

[0048]

In another aspect of the present invention, a method corresponding to the above-described insurance product and factor based insurance product creation system is provided.

Referring to FIG. 2, FIG. 2 is a schematic flow chart of a method for creating an insurance product based on insurance factors and factors according to the present invention.

[0051] In this embodiment, as shown in FIG. 1, the insurance product and factor based insurance product creation method Including the following steps:

[0052] S10: accepting an insurance factor input by a user, and converting the insurance factor into a standard factor, where the standard factor is metadata associated with one or more insurance elements;

[0053] Specifically, the factor determination module 10 accepts the insurance factor input by the user and converts the insurance factor into a standard factor. The standard factor is metadata associated with one or more insurance elements (e.g., risk/compensation related losses). In some embodiments, the standard factors include actuarial factors and non-actuarial factors. Actuarial factors are included in the calculation of premiums for insurance policies and the evaluation of business rules to manage risk 因子 factors considered by the actuary. Non-actuarial factors include factors that are not directly related to risk but still affect the pricing of insurance policies. For example, a non-actuarial factor may include a market pricing factor, such as premiums for competitors of the same or similar coverage. These factors are usually not considered by the actuary, but may still affect the insurance price. However, the name of the person is not an actuarial factor and does not affect pricing at all. In some embodiments, multiple insurance elements are associated with these factors such that each insurance element can relate to a list of factors. For example, as a type of risk, "fire" can include factors such as location, building age, building area, number of rooms, type of structure, type of wall structure, type of roof structure, and the like.

[0054] It can be understood that multiple insurance elements relate to one and the same factor. Here, the common factor is associated with each insurance element that involves it. For example, as a type of risk in car insurance _ "theft" can involve the owner's location, it is also a standard factor for a type of risk in the housing insurance _ "flood".

[0055] S20: determining a relationship template between the standard factor and the insurance element;

[0056] Specifically, the association determining module 20 determines an association template between the standard factor and the insurance element, where the insurance element includes a standard risk, a loss, a compensation, and an insured object; and the factor and the insurance element The association can be established in advance based on the empirical value and stored in the database.

[0057] S30: Create a coverage according to the association relationship template.

[0058] Specifically, the first creation module 30 creates a coverage according to the association relationship template, and based on these factors and their association with the insurance elements, creates coverage and other intermediate insurance attributes, such as rules, formulas, and terms. In some embodiments, the insurance element is first determined based on these factors. Insurance coverage can then be determined by combining the standard risks, losses and compensation.

[0059] In the present embodiment, risk refers to risks or events that are covered by insurance, such as fire (relative to the house), collision (relative to the car), and theft (relative to personal property). Loss refers to related Risk-induced impairment. For example, vehicle property damage and personal medical loss can occur in a collision event. Compensation refers to the scope of the loss covered by insurance. In some embodiments, the compensation may include a limit and a deductible. For example, a car insurance policy can limit any one event (AOA) payment to $100,000. Insurance coverage (compensation for specific losses resulting from the risk of underwriting) can be combined through the creation of risks, losses and compensation. Other elements, such as actuarial formulas, rules, and terms, can also be created first. In the present embodiment, the actuarial formula is a mathematical formula for calculating insurance premiums based on various factors associated with the insurance element. Rules can specify one or more conditions for accepting or rejecting an insurance application. Typically, a rule can specify a range of values for a factor as a condition for accepting an insurance application. For example, a rule can be created to accept an application for a person who is less than 50 years old, or to accept an application for a house in which a smoke detector is installed. The terms can be a stencil language detailing certain insurance terms, or a stencil language that describes insurance coverage.

[0060] S40: creating an insured object;

[0061] In the present embodiment, the second creation module 40 creates an insured object, which is an object to which the insurance coverage is applicable. For example, an insured person in a home insurance policy may be a residential building on a particular piece of land. As another example, an insured object in a car insurance policy may be one or more vehicles owned by a particular family. Insured objects can be created based on actuarial factors shared with associated risks and losses, as well as other non-actuarial factors.

[0062] S50: Creating an insurance product based on the coverage and the insured object.

[0063] Specifically, the third creation module 50 creates an insurance product based on the coverage and the insured object. First, actuarial insurance products (also known as technical insurance products) are created based on rules and formulas for coverage, insured objects, and optional product levels. For example, one or more insurance coverages may be combined with one or more insured objects to create the actuarial product. Second, create segmented insurance products through actuarial products. In some embodiments, the subdivision can be achieved by presetting a value or a series of values for certain factors associated with the actuarial product. For example, the property location factor for a home insurance product can be pre-set to Virginia, thereby making Virginia residents a potential market and thus adapting to the sales and marketing efforts in the Virginia market. As another example, in medical insurance products, the insured's age factor can be pre-set to 20-25 years old to target young people (usually single and/or childless). Such products can be marketed to, for example, college students and new graduates. [0064] Various insurance related templates are created based on these factors. In some embodiments, an interface can be created to receive input values for various factors associated with a particular insurance product. The interface can include various fields for receiving input. In some implementations, the interface can be a user interface ("UI") or a graphical user interface ("GUI") for receiving input from a user. In some other implementations, the interface can be a program interface for receiving input values from a public service. For example, the program interface can be an application programming interface ("API").

[0065] In this embodiment, the factor and various insurance elements are the basic "elements" of the insurance product design. The coverage is "compound", which is a combination of these basic "elements". At another level, the actuarial product is a "mixture" that is a combination of coverage and insured objects. Just as a large number of mixtures can be produced with a limited number of elements, a large number of actuarial products can be created based on a limited number of factors. By pre-determining and storing a small number of "elements" and using these "elements" to combine higher levels of insurance semantics, the entire insurance product design process can be simplified and accelerated.

[0066]

The above is only a preferred embodiment of the present invention, and is not intended to limit the scope of the invention, and the equivalent structure or equivalent function transformations made by the description of the invention and the drawings are directly or indirectly applied to other related The technical field is equally included in the scope of patent protection of the present invention.

Industrial applicability

[0068] The present invention also provides an insurance product creation system based on insurance factors and factors.

[0069] The insurance product creation system based on the insurance factor and the factor includes a factor determination module, an association determination module, a first creation module, a second creation module, and a third creation module, wherein:

[0070] the factor determination module is configured to accept an insurance factor input by a user, and convert the insurance factor into a standard factor, wherein the standard factor is metadata associated with one or more insurance elements;

[0071] the association relationship determining module is configured to create an association relationship template between the standard factor and the insurance element

[0072] The first creating module is configured to create a coverage according to the association relationship template;

[0073] the second creating module is used to create an insured object;

[0074] The third creation module is configured to create an insurance product based on the coverage and the insured object.

[0075] Preferably, the standard factor includes an actuarial factor and a non-actuarial factor. [0076] Preferably, the plurality of insurance elements are associated with one same standard factor.

[0077] Preferably, the insurance element includes standard risk, loss, compensation and insured object.

[0078] Preferably, the insured object is an object to which the insurance coverage is applicable.

[0079] Compared with the prior art, the present invention provides an insurance product and factor based insurance product creation method and system, by pre-establishing, standardizing and managing basic insurance elements and factors, and according to standard factors and insurance elements The relationship creates the coverage of the insured object, the number of different coverage areas can be kept small, and the differences between these coverage areas are well structured and easy to manage, and can be combined and subdivided according to market changes. A variety of insurance products, thus achieving a rapid design of insurance products.

Claims

Claim

An insurance product creation method based on insurance factors and factors, characterized in that the insurance product creation method based on insurance factors and factors comprises the following steps: accepting an insurance factor input by a user, and converting the insurance factor into a standard factor The standard factor is metadata associated with one or more insurance elements; creating an association relationship template between the standard factor and the insurance element; creating a coverage according to the association relationship template; creating an insured object; Coverage and insured objects create insurance products.

The insurance element and factor based insurance product creation method according to claim 1, wherein the standard factor comprises an actuarial factor and a non-actuarial factor.

The insurance element and factor based insurance product creation method according to claim 1, wherein the plurality of insurance elements are associated with one and the same standard factor.

The insurance element and factor based insurance product creation method according to claim 1, wherein the insurance element includes standard risk, loss, compensation, and insured object. The insurance product and factor-based insurance product creation method according to claim 1, wherein the insured object is an object to which the insurance coverage is applicable.

An insurance product creation system based on insurance factors and factors, wherein the insurance product creation system based on insurance factors and factors includes a factor determination module, an association determination module, a first creation module, a second creation module, and a a third creation module, wherein: the factor determination module is configured to accept an insurance factor input by a user, and convert the insurance factor into a standard factor, the standard factor being metadata associated with one or more insurance elements; The association determining module is configured to create an association relationship template between the standard factor and the insurance element; the first creating module is configured to create a coverage according to the association relationship template; and the second creation module is configured to create a The third creation module is configured to create an insurance product based on the coverage and the insured object.

The insurance element and factor based insurance product creation system of claim 6, wherein the standard factor comprises an actuarial factor and a non-actuarial factor.

The insurance element and factor based insurance product creation system according to claim 6, wherein the plurality of insurance elements are associated with one same standard factor. [Claim 9] The insurance element and factor based insurance product creation system according to claim 6, wherein the insurance element includes standard risk, loss, compensation, and insured object.

[Claim 10] The insurance element and factor based insurance product creation system according to claim 6, wherein the insured object is an object to which the insurance coverage is applicable.