The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.

The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.

Date of Patent:
Apr. 23, 2019

Filed:

Apr. 01, 2016
Applicant:

The Travelers Indemnity Company, Hartford, CT (US);

Inventors:

Hoa Ton-That, Glastonbury, CT (US);

Noot Vue, Ramsey, MN (US);

Benjamin J. Joyce, Manchester, CT (US);

Reyer Swengel, St. Paul, MN (US);

Assignee:

THE TRAVELERS INDEMNITY COMPANY, Hartford, CT (US);

Attorney:
Primary Examiner:
Int. Cl.
CPC ...
G06Q 40/08 (2012.01); G06Q 50/16 (2012.01);
U.S. Cl.
CPC ...
G06Q 40/08 (2013.01); G06Q 50/163 (2013.01);
Abstract

A system for risk reduction is provided. The system includes a processing device and a memory device. The memory device stores instructions that when executed by the processing device may result in receiving a first input corresponding to an asset of a user and deriving as a second input a benchmark from system data stored on a database. The instructions that when executed by the processing device may further result in calculating a difference between the first input and the second input, wherein a difference exceeding a predetermined amount indicates existence of the degradation condition, in which substantial damage to or failure of the asset or a component of the asset is imminent.


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