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.
Patent No.:
Date of Patent:
Oct. 05, 2021
Filed:
Jul. 09, 2014
Allstate Insurance Company, Northbrook, IL (US);
Alexander Doyle, Chicago, IL (US);
Ryan Dunn, Grayslake, IL (US);
Cristina I. Gheorghe, Chicago, IL (US);
Eric Huls, Chicago, IL (US);
Michael A. LaVigne, Prospect Heights, IL (US);
David MacInnis, Lake Forest, IL (US);
Christopher Joseph DeCleene, Kenmore, WA (US);
ALLSTATE INSURANCE COMPANY, Northbrrok, IL (US);
Abstract
A computer-assisted method for providing re-quotations for insurance coverage may include receiving a list of insurance leads corresponding to individuals who received a previous quotation for insurance coverage but did not purchase the insurance coverage and identifying a difference between the previous quotation and a new quotation. This difference may include an increase in offered insurance coverage and/or a reduction in cost. A computing device may calculate a probability for each of the individuals on the list using a regression model based, at least in part, on the identified difference. In some cases, the regression model may be associated with individual states. In other cases, the regression model may correspond to a plurality of states. The regression model may output a probability that a resident of a particular state will purchase insurance in response to a re-quotation for insurance coverage, where individuals may then be ranked based on the probability.