US Patent:
20170186093, Jun 29, 2017
Inventors:
- Hartford CT, US
Gaurav Sharma - Wilton CT, US
Faisal Khan - Fishkill NY, US
Hualiang Li - New Britain CT, US
Yue Xiao - West Hartford CT, US
Jingran Li - New Britain CT, US
Jamal Timsah - Grand Prairie TX, US
Ryan T. Berns - Southbury CT, US
Sanjeev Bollam - Hartford CT, US
Radhika G. Athalye - Sunnyvale CA, US
International Classification:
G06Q 40/08
G06Q 30/02
Abstract:
Embodiments of the disclosure provide a system and method of allocating a resource based on myriad input data. In some embodiments, the myriad input data include membership information, claims data, transactional data, etc. The myriad input data are sorted and organized in a meaningful association relationship before applied to a resource allocation modeling algorithm. The resource allocation modeling algorithm provides estimated resource necessary for the application chosen. For example, an insurance company may use membership information, claims data, transactional data, etc., to estimate how much reserves or funds it should hold to cover future claims within a certain timeframe.