SYSTEMS AND METHODS FOR PROCESSING PROPERTY INSURANCE

摘要

Methods and systems for processing property insurance are provided. According to embodiments, an insurer can process an insurance application for a property by determining a property rating score that reflects a need to conduct a manual inspection of the property. The insurer can apply a set of business rules or metrics to additional property data to further refine the decision of whether to conduct a manual inspection of the property as well as the decision of whether to issue a property insurance policy for the property. By not requiring a manual inspection, both the insurer and the insured may realize reduced costs.

主权项

1. A method of processing property insurance, the method comprising:
receiving, at a computing device, an electronic application for property insurance for a property; determining, by one or more processors, a property rating score for the property based on a first set of information associated with the property; first determining, based on the property rating score, that a manual inspection for the property is needed; responsive to first determining that the manual inspection for the property is needed:
identifying, from the electronic application, a second set of information associated with the property, the second set of information different from the first set of information, andanalyzing, by the one or more processors, the second set of information associated with the property; based on the analyzing, subsequently determining, by the one or more processors, that the manual inspection for the property is not needed; and without requesting that the manual inspection be performed on the property, automatically issuing a policy for the property insurance.