Patent ID: 11928736
Assignee: ALLSTATE INSURANCE COMPANY
Field: Computer technology (Electrical engineering)
Classification: CPC G | IPC G

Claim 16:
17. One or more non-transitory computer-readable media storing computer-executable instructions that, when executed by a computing device, cause the computing device to:
providing, at one or more insurance system database caches, insurance information related to a new insurance policy, wherein the insurance information comprises an insurance policy premium;
receive, at an unrestrained premium device communicably coupled to the one or more insurance system database caches, the insurance information from the insurance system database caches and determine, at the unrestrained premium device, an unrestrained rating plan premium based on a plurality of premium components, wherein the plurality of premium components comprise at least one multiplicative factor and at least one additive factor determined from the insurance information, and wherein the unrestrained rating plan premium is determined using modeling techniques different from modeling techniques used to generate the insurance policy premium;
predicting, at a predictive life expectancy component communicably coupled to an underwriting device, a life expectancy associated with the insurance policy;
determining, at a wind pool component communicably coupled to the underwriting device, whether to provide wind coverage based on a wind pool threshold, the wind pool threshold being based on the prediction of the life expectancy;
optimizing, at an inspection module component, an inspection process by implementing an inspection optimization algorithm, wherein the inspection optimization algorithm determines whether to waive mitigation of conditions comprised within inspection results associated with the insurance policy based on the prediction of life expectancy;
determine, at the underwriting device communicably coupled to the unrestrained premium device, an underwriting score based on the unrestrained rating plan premium and the insurance policy premium;
determine, at the underwriting device, a first underwriting score threshold based on a geographical region;
dynamically modify, at the underwriting device, the first underwriting score threshold to a second underwriting score threshold responsive to monitoring of one or more underwriting factors within the geographical region;
compare, at the underwriting device, the underwriting score to the second underwriting score threshold;
responsive to determining that the underwriting score fails to meet the second underwriting score threshold, cause, at the underwriting device, rej ection of the new insurance policy, the rejection of the insurance policy being further based on the whether to provide the wind coverage; and
cause, at the underwriting device and via a communication network, display of the rejection of the new insurance policy on a user computing device.