Patents by Inventor Jeffery T. Hay
Jeffery T. Hay has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).
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Patent number: 11461853Abstract: According to some embodiments, an existing risk relationship data store may contain electronic records, each electronic record including a risk relationship identifier and a risk relationship characteristic for an existing risk relationship between the enterprise and an entity. A prediction platform may receive electronic records associated with a set of existing risk relationships along with an indication of a future adjustment to a parameter associated with the set of existing risk relationships. The prediction platform may then automatically calculate a projected future impact to a key metric for the set of existing risk relationships based on the future adjustment to the parameter. A rendering platform may receive the projected future impact to the key metric and present an interactive graphical user interface, including an indication of projected future impact, to an administrator.Type: GrantFiled: October 18, 2021Date of Patent: October 4, 2022Assignee: HARTFORD FIRE INSURANCE COMPANYInventors: Lane Garrison Coonrod, Jeffery T. Hay, Michael R. Gittings
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Publication number: 20220036475Abstract: According to some embodiments, an existing risk relationship data store may contain electronic records, each electronic record including a risk relationship identifier and a risk relationship characteristic for an existing risk relationship between the enterprise and an entity. A prediction platform may receive electronic records associated with a set of existing risk relationships along with an indication of a future adjustment to a parameter associated with the set of existing risk relationships. The prediction platform may then automatically calculate a projected future impact to a key metric for the set of existing risk relationships based on the future adjustment to the parameter. A rendering platform may receive the projected future impact to the key metric and present an interactive graphical user interface, including an indication of projected future impact, to an administrator.Type: ApplicationFiled: October 18, 2021Publication date: February 3, 2022Inventors: Lane Garrison Coonrod, Jeffery T. Hay, Michael R. Gittings
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Patent number: 11176616Abstract: According to some embodiments, an existing risk relationship data store may contain electronic records, each electronic record including a risk relationship identifier and a risk relationship characteristic for an existing risk relationship between the enterprise and an entity. A prediction platform may receive electronic records associated with a set of existing risk relationships along with an indication of a future adjustment to a parameter associated with the set of existing risk relationships. The prediction platform may then automatically calculate a projected future impact to a key metric for the set of existing risk relationships based on the future adjustment to the parameter. A rendering platform may receive the projected future impact to the key metric and present an interactive graphical user interface, including an indication of projected future impact, to an administrator.Type: GrantFiled: February 21, 2018Date of Patent: November 16, 2021Assignee: Hartford Fire Insurance CompanyInventors: Lane Garrison Coonrod, Jeffery T. Hay, Michael R. Gittings
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Patent number: 10825099Abstract: According to some embodiments, account information may be received in connection with a potential insurance policy. A premium indication portal processor may receive, from a risk score model application, an account score matrix for the potential insurance policy, including grade values comparing the account information with other insured policies in a risk database, along with a benchmark premium value calibrated to a target return on equity based on the account information and information in the risk database. The account score matrix may be displayed on an underwriter device, and guide indication adjustments may be received from the underwriter device for the potential insurance policy. The premium indication portal processor may then automatically calculate an adjusted premium value calibrated to the target return on equity based at least in part on the guide indication adjustments.Type: GrantFiled: August 20, 2018Date of Patent: November 3, 2020Assignee: Hartford Fire Insurance CompanyInventors: Eric D. Besman, Jeffery T. Hay, Douglas Joseph Onnen, Pamela Sealand Reale, Joseph E. Wells, II
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Publication number: 20190259103Abstract: According to some embodiments, an existing risk relationship data store may contain electronic records, each electronic record including a risk relationship identifier and a risk relationship characteristic for an existing risk relationship between the enterprise and an entity. A prediction platform may receive electronic records associated with a set of existing risk relationships along with an indication of a future adjustment to a parameter associated with the set of existing risk relationships. The prediction platform may then automatically calculate a projected future impact to a key metric for the set of existing risk relationships based on the future adjustment to the parameter. A rendering platform may receive the projected future impact to the key metric and present an interactive graphical user interface, including an indication of projected future impact, to an administrator.Type: ApplicationFiled: February 21, 2018Publication date: August 22, 2019Inventors: Lane Garrison Coonrod, Jeffery T. Hay, Michael R. Gittings
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Publication number: 20180357726Abstract: According to some embodiments, account information may be received in connection with a potential insurance policy. A premium indication portal processor may receive, from a risk score model application, an account score matrix for the potential insurance policy, including grade values comparing the account information with other insured policies in a risk database, along with a benchmark premium value calibrated to a target return on equity based on the account information and information in the risk database. The account score matrix may be displayed on an underwriter device, and guide indication adjustments may be received from the underwriter device for the potential insurance policy. The premium indication portal processor may then automatically calculate an adjusted premium value calibrated to the target return on equity based at least in part on the guide indication adjustments.Type: ApplicationFiled: August 20, 2018Publication date: December 13, 2018Inventors: Eric D. Besman, Jeffery T. Hay, Douglas Joseph Onnen, Pamela Sealand Reale, Joseph E. Wells, II
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Patent number: 10062121Abstract: According to some embodiments, account information may be received in connection with a potential insurance policy. A premium indication portal processor may receive, from a risk score model application, an account score matrix for the potential insurance policy, including grade values comparing the account information with other insured policies in a risk database, along with a benchmark premium value calibrated to a target return on equity based on the account information and information in the risk database. The account score matrix may be displayed on an underwriter device, and guide indication adjustments may be received from the underwriter device for the potential insurance policy. The premium indication portal processor may then automatically calculate an adjusted premium value calibrated to the target return on equity based at least in part on the guide indication adjustments.Type: GrantFiled: October 6, 2017Date of Patent: August 28, 2018Assignee: HARTFORD FIRE INSURANCE COMPANYInventors: Eric D. Besman, Jeffery T. Hay, Douglas Joseph Onnen, Pamela Sealand Reale, Joseph E. Wells, II
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Publication number: 20180033088Abstract: According to some embodiments, account information may be received in connection with a potential insurance policy. A premium indication portal processor may receive, from a risk score model application, an account score matrix for the potential insurance policy, including grade values comparing the account information with other insured policies in a risk database, along with a benchmark premium value calibrated to a target return on equity based on the account information and information in the risk database. The account score matrix may be displayed on an underwriter device, and guide indication adjustments may be received from the underwriter device for the potential insurance policy. The premium indication portal processor may then automatically calculate an adjusted premium value calibrated to the target return on equity based at least in part on the guide indication adjustments.Type: ApplicationFiled: October 6, 2017Publication date: February 1, 2018Inventors: Eric D. Besman, Jeffery T. Hay, Douglas Joseph Onnen, Pamela Sealand Reale, Joseph E. Wells, II
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Patent number: 9786012Abstract: According to some embodiments, account information may be received in connection with a potential insurance policy. A premium indication portal processor may receive, from a risk score model application, an account score matrix for the potential insurance policy, including grade values comparing the account information with other insured policies in a risk database, along with a benchmark premium value calibrated to a target return on equity based on the account information and information in the risk database. The account score matrix may be displayed on an underwriter device, and guide indication adjustments may be received from the underwriter device for the potential insurance policy. The premium indication portal processor may then automatically calculate an adjusted premium value calibrated to the target return on equity based at least in part on the guide indication adjustments.Type: GrantFiled: December 16, 2014Date of Patent: October 10, 2017Assignee: HARTFORD FIRE INSURANCE COMPANYInventors: Eric D. Besman, Jeffery T. Hay, Douglas Joseph Onnen, Pamela Sealand Reale, Joseph E. Wells, II
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Publication number: 20160171619Abstract: Account information may be received in connection with a potential insurance policy. An account score matrix may be received for the potential insurance policy, including grade values comparing the account information to other insured parties, along with a benchmark premium value calibrated to a target return on equity based on the account information and information in a risk database. A set of guide indication adjustments may then be received from an underwriter for the potential insurance policy. A premium indication model application may dynamically calculate, in substantially real time, an adjusted premium value for the potential insurance policy calibrated to the target return on equity based at least in part on associated guide indication adjustments, and an indication associated with the dynamically calculated adjusted premium value may be transmitted. The transmitted indication may be used, for example, to update a dashboard graphical user interface display.Type: ApplicationFiled: December 16, 2014Publication date: June 16, 2016Inventors: Eric D. Besman, Jeffery T. Hay, Douglas Joseph Onnen, Pamela Sealand Reale, Joseph E. Wells, II
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Publication number: 20160171618Abstract: According to some embodiments, account information may be received in connection with a potential insurance policy. A premium indication portal processor may receive, from a risk score model application, an account score matrix for the potential insurance policy, including grade values comparing the account information with other insured policies in a risk database, along with a benchmark premium value calibrated to a target return on equity based on the account information and information in the risk database. The account score matrix may be displayed on an underwriter device, and guide indication adjustments may be received from the underwriter device for the potential insurance policy. The premium indication portal processor may then automatically calculate an adjusted premium value calibrated to the target return on equity based at least in part on the guide indication adjustments.Type: ApplicationFiled: December 16, 2014Publication date: June 16, 2016Inventors: Eric D. Besman, Jeffery T. Hay, Douglas Joseph Onnen, Pamela Sealand Reale, Joseph E. Wells, II
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Publication number: 20140249862Abstract: Systems, methods, apparatus, computer program code and means for rating and pricing insurance policies are provided. In some embodiments, an automated insurance processing platform rates and prices insurance policies by including a territory factor in the calculation of a premium for the policy. Pursuant to some embodiments, the territory factor is calculated by receiving historical loss data, geographical data, and demographic data, analyzing the historical loss data, the geographical data, and the demographic data to identify data having similar claim behaviors. The historical loss data is analyzed to identify at least a frequency and severity of historical loss by coverage type.Type: ApplicationFiled: May 12, 2014Publication date: September 4, 2014Applicant: Hartford Fire Insurance CompanyInventors: David Andrist, Jeffery T. Hay, James King
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Patent number: 8725541Abstract: Systems, methods, apparatus, computer program code and means for rating and pricing insurance policies are provided. In some embodiments, an automated insurance processing platform rates and prices insurance policies by including a territory factor in the calculation of a premium for the policy. Pursuant to some embodiments, the territory factor is calculated by receiving historical loss data, geographical data, and demographic data, analyzing the historical loss data, the geographical data, and the demographic data to identify data having similar claim behaviors. The historical loss data is analyzed to identify at least a frequency and severity of historical loss by coverage type.Type: GrantFiled: December 31, 2008Date of Patent: May 13, 2014Assignee: Hartford Fire Insurance CompanyInventors: David Andrist, Jeffery T. Hay, James King
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Publication number: 20100063851Abstract: Systems, methods, apparatus, computer program code and means for rating and pricing insurance policies are provided. In some embodiments, an automated insurance processing platform rates and prices insurance policies by including a territory factor in the calculation of a premium for the policy. Pursuant to some embodiments, the territory factor is calculated by receiving historical loss data, geographical data, and demographic data, analyzing the historical loss data, the geographical data, and the demographic data to identify data having similar claim behaviors. The historical loss data is analyzed to identify at least a frequency and severity of historical loss by coverage type.Type: ApplicationFiled: December 31, 2008Publication date: March 11, 2010Inventors: David Andrist, Jeffery T. Hay, James King