Variable life protection based on dynamic inputs

摘要

A method to dynamically adjust a premium of an insurance policy is disclosed. At least one of an entity input data or an environmental input data is updated by a dynamic insurance provisioning system, the entity input data being an input data that is specific to an entity insured by the insurance policy and the environmental input data being additional input data that is not being specific to the entity. A determination is made as to whether a risk associated with providing the insurance policy has changed based on the updating of the at least one of the entity input data and the environmental input data. Responsive to the determination, the premium of the insurance policy is recalculated.