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

Claim 0:
1. A system, comprising:
one or more insurance system database caches providing insurance information related to an insurance policy, the insurance information including an insurance policy premium;
an unrestrained premium device communicably coupled to the one or more insurance system database caches, the unrestrained premium device receiving the insurance information from the one or more insurance system database caches and determining 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; and
a predictive life expectancy component predicting a life expectancy associated with the insurance policy;
a wind pool component determining whether to provide wind coverage based on a wind pool threshold, the wind pool threshold being based on the prediction of the life expectancy;
an inspection module component, wherein the inspection module component optimizes an inspection process by implementing an inspection optimization algorithm, and 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 the life expectancy; and
an underwriting device communicably coupled to the unrestrained premium device, at least one of the underwriting device, the predictive life expectancy component, the wind pool component, and the inspection module component:
determining an underwriting score based on the unrestrained rating plan premium and the insurance policy premium;
determining a first underwriting score threshold based on a geographical region;
dynamically modifying the first underwriting score threshold to a second underwriting score threshold responsive to monitoring of one or more underwriting factors within the geographical region;
comparing the underwriting score to the second underwriting score threshold;
responsive to determining that the underwriting score fails to meet the second underwriting score threshold, causing rejection of the insurance policy, the rejection of the insurance policy being further based on the whether to provide the wind coverage; and
causing, via a communication network, display of the rejection of the insurance policy on a user computing device.