Title:
METHOD FOR CALCULATING INSURANCE PREMIUM IN WHICH BIG DATA IS USED
Document Type and Number:
WIPO Patent Application WO/2018/016317
Kind Code:
A1
Abstract:
[Problem] With regard to conventional pricing of an insurance product and a premium therefor, a statistically significant difference in an expected accident occurrence rate, if any, is reflected in the insurance premium, on the basis of, for life insurance, age and sex, and for property insurance, e.g., automobile insurance, information pertaining to the age and occurrence history of past similar accidents of a driver. However, although it has become possible to acquire various data different from those conventionally available, i.e., big data, due to recent progress in information processing technology, there are no products as yet in the insurance industry for which big data is utilized and premium pricing based on a mathematical model is practiced. Thus, the present state of affairs is such that a policyholder pays a high premium although he could otherwise be insured at a lower premium in accordance with risk. [Solution] The present invention provides a method for pricing the premium of an insurance product in which big data, which has become available to acquire and analyze due to recent information processing technology, is used for premium pricing.
Inventors:
HATA KAZUYA (JP)
Application Number:
PCT/JP2017/024598
Publication Date:
January 25, 2018
Filing Date:
July 05, 2017
Export Citation:
Assignee:
HATA KAZUYA (JP)
International Classes:
G06Q40/08; G06Q50/00
Domestic Patent References:
| WO2014181530A1 | 2014-11-13 | |||
| WO2006082957A1 | 2006-08-10 |
Foreign References:
| JP2015138406A | 2015-07-30 | |||
| JP2002373259A | 2002-12-26 | |||
| JP2003006439A | 2003-01-10 | |||
| JP2011070581A | 2011-04-07 | |||
| JP2006139724A | 2006-06-01 | |||
| US20120221357A1 | 2012-08-30 |
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