| 摘要 |
Technology-implemented systems and methods for use of a damage-scale method in the design, issuance, management, and claim servicing of a catastrophe insurance policy are disclosed. A catastrophe insurance policy is issued to insure property from wide-scale natural catastrophic events such as floods, earthquakes, and the like natural disasters. The catastrophe insurance policy includes specific damage-scale method clauses defined in the terms and conditions of the insurance policy that require use of a damage-scale method to evaluate and manage insurance claims for property damage. For example, a catastrophe insurance policy application is defined to include contractually defined insurance indemnification payouts that are tied to specific states of property damage (rather than property replacement or repair cost estimates provided by insurance loss adjustors). The insured property damage payout is determined through the application of damage-scale based computational algorithms and supporting claims management systems and technologies. |
| 主权项 |
1. An insurance policy management system, comprising:
electronic computing hardware including a processor and memory; an electronic data store configured for operation with the processor and memory, the electronic data store having data stored thereupon for designing and servicing of a damage scale insurance policy for a subject property, wherein the insurance policy provides insurance coverage for the subject property based on a plurality of pre-defined damage states specific to a particular type of catastrophic loss event, and wherein the insurance policy includes a damage scale indemnification clause; an insurance policy design module configured for operation with the processor and memory, the insurance policy design module configured to perform operations to establish an electronic definition of the damage scale insurance policy with the operations including:
determining a plurality of damage categorizations for assessment of the subject property with use of the insurance policy design module, the damage categorizations including the plurality of pre-defined damage states for the particular type of catastrophic loss event, wherein the respective damage categorizations are defined to categorize amounts of structural damage to the subject property caused by the particular type of catastrophic loss event, and wherein the plurality of pre-defined damage states correlate to parameterized combinations of physical damage manifestations in a plurality of individual building components for the subject property;determining an indemnity payment schedule for the subject property under the damage scale insurance policy with use of the insurance policy design module, the indemnity payment schedule establishing a plurality of payment amounts respectively corresponding to the damage categorizations, wherein the plurality of payment amounts that correspond to the respective damage categorizations provide a pre-defined estimated range of monetary losses needed to repair or replace the subject property under the damage scale insurance policy upon occurrence of the particular type of catastrophic loss event; andestablishing the electronic definition to indicate characteristics of the damage scale insurance policy for the subject property with use of the insurance policy design module, the damage scale insurance policy defined to include damage scale provisions in terms and conditions of the damage scale insurance policy, wherein the damage scale provisions correlate to the damage categorizations for assessment of the subject property using the plurality of pre-defined damage states and the indemnity payment schedule; a claims management module configured for operation with the processor and memory, the claims management module configured to perform operations to assist with claims servicing of the damage scale insurance policy and determine an insurance claim payout for the subject property under the damage scale insurance policy based on the plurality of pre-defined damage states in response to an occurrence of a particular catastrophic loss event, with the operations including:
applying the plurality of damage categorizations in a damage scale method assessment algorithm with use of the claims management module, the damage scale method assessment algorithm applying the electronic definition of the damage scale insurance policy for evaluating damage to the plurality of individual building components of the subject property,computing an estimate of a total amount of structural damage at the subject property in the damage scale method assessment algorithm with use of the claims management module, the computing using a weighted average of the plurality of pre-defined damage states applied to the plurality of individual building components of the subject property; andestablishing an electronic indication of data to represent the estimate of the total amount of structural damage at the subject property as a result of the occurrence of the catastrophic loss event, wherein the electronic indication is associated with a pre-defined payout according to the indemnity payment schedule. |
