Patent Document ID: 8798987
Application ID: 14061283
Patent Flag: 1

Claim One:
1. A computer system for processing data relating to a volatility of an insurance claim, comprising: an input device coupled to a client terminal and configured to: receive at least one parameter corresponding to a characteristic of the insurance claim; a data storage device coupled to the input device and configured to: store the at least one parameter received by the input device; one or more memories configured to: store program instructions; one or more business computer processors coupled to the one or more memories and to the data storage device, wherein the one or more business computer processors, upon execution of the program instructions, are configured to: estimate, based at least on the at least one parameter, using at least one computerized model, a likelihood the insurance claim will exhibit increased volatility, volatility being indicative of a likelihood of an actual total resolution cost of the insurance claim differing from a predicted total resolution cost of the insurance claim; generate a data file for the insurance claim including the estimate of the likelihood the insurance claim will exhibit increased volatility; and transmit the data file, including the estimate of the likelihood the insurance claim will exhibit increased volatility, to the client terminal.