System and method for processing data relating to insurance claim volatility

摘要

The invention relates generally to data analysis, and to systems and methods for the computation of the volatility of a loss. The system comprises a module for receiving a data parameter, a database for storing the parameter, a computerized predictive model, and a business logic processor for executing the predictive model. The volatility is used to, among other things, determine an appropriate work flow for handling the loss.

主权项

1. A computer system for processing data relating to a volatility of an insurance claim, comprising:
an input device coupled to a client terminal and configured to:
receive at least one parameter corresponding to a characteristic of the insurance claim; a data storage device coupled to the input device and configured to:
store the at least one parameter received by the input device; one or more memories configured to:
store program instructions; one or more business computer processors coupled to the one or more memories and to the data storage device, wherein the one or more business computer processors, upon execution of the program instructions, are configured to:
estimate, based at least on the at least one parameter, using at least one computerized model, a likelihood the insurance claim will exhibit increased volatility, volatility being indicative of a likelihood of an actual total resolution cost of the insurance claim differing from a predicted total resolution cost of the insurance claim;generate a data file for the insurance claim including the estimate of the likelihood the insurance claim will exhibit increased volatility; andtransmit the data file, including the estimate of the likelihood the insurance claim will exhibit increased volatility, to the client terminal.