Patent ID: 8805709

Claim:
A system configured to determine a dividend for an insurance customer in relation to an insurance policy, the system comprising: one or more data storage devices storing data regarding a plurality of insurance group dividend plans, including, with respect to at least one group dividend plan, eligibility criteria to be a member of the group dividend plan, a group of customers assigned to the group dividend plan, and premium payments and safety data associated with each customer of the group of customers assigned to the group dividend plan, the safety data including data indicative of at least one of a participation or a performance of the customer in one or more loss prevention programs; one or more computer processors in communication with the one or more data storage devices; and a memory in communication with the one or more computer processors and storing program instructions, the one or more computer processors operative with the program instructions to: receive eligibility data related to a customer's eligibility to be assigned to a group dividend plan; identify the group dividend plan that the customer is eligible to join based on the received eligibility data and the eligibility criteria stored in the one or more data storage devices; assign the customer to the identified group dividend plan; determine an eligible premium for the customer based on the customer's assigned group dividend plan; calculate the dividend to provide to the customer based on the group dividend plan to which the customer is assigned, the eligible premium for the customer, and the safety data stored in the one or more data storage devices.