18523473. SYSTEMS AND METHODS FOR ANALYZING CAPTURED BIOMETRIC DATA simplified abstract (STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY)

SYSTEMS AND METHODS FOR ANALYZING CAPTURED BIOMETRIC DATA

Organization Name

STATE FARM MUTUAL AUTOMOBILE INSURANCE COMPANY

Inventor(s)

Jeremy Garavaglia of Mesa AZ (US)

John Larson of Normal IL (US)

Jovonni Lee Pharr of Mableton GA (US)

Kip Wilson of Cave Creek AZ (US)

Nolan White of Chandler AZ (US)

Achyutha Srinivas Mudunuri of Gilbert AZ (US)

Wallace Taylor of Tempe AZ (US)

Mike Aviles of Bloomington IL (US)

SYSTEMS AND METHODS FOR ANALYZING CAPTURED BIOMETRIC DATA - A simplified explanation of the abstract

This abstract first appeared for US patent application 18523473 titled 'SYSTEMS AND METHODS FOR ANALYZING CAPTURED BIOMETRIC DATA

Simplified Explanation

The computer system described in the abstract is designed to generate an insurance policy for a user based on their biometric data and health score. Here is a simplified explanation of the patent application:

• The system receives biometric data from a wearable electronic user device.
• It analyzes the data using a set of rules.
• Based on the analysis, it determines a health score for the user, indicating their likelihood of maintaining a certain level of health.
• The system retrieves terms and conditions for an insurance policy from a database based on the health score.
• Finally, it generates an insurance policy for the user based on the determined terms and conditions.

Potential Applications

This technology could be applied in the insurance industry to offer personalized policies based on individual health data.

Problems Solved

This technology solves the problem of traditional insurance policies that are not tailored to individual health risks and behaviors.

Benefits

The benefits of this technology include more accurate risk assessment for insurance companies and potentially lower premiums for users with healthier lifestyles.

Potential Commercial Applications

A potential commercial application of this technology could be in the health insurance sector, where personalized policies could attract more customers.

Possible Prior Art

One possible prior art for this technology could be the use of wearable devices for health monitoring in insurance policies.

How does the system ensure the security and privacy of the user's biometric data?

The abstract does not provide details on how the system protects the confidentiality of the user's sensitive health information. This is a crucial aspect that needs to be addressed to ensure user trust and compliance with data privacy regulations.

What measures are in place to prevent misuse or manipulation of the biometric data for insurance policy generation?

The abstract does not mention any safeguards against potential manipulation of biometric data to influence the generation of insurance policies. Implementing measures to detect and prevent fraud or misuse of data would be essential for the system's integrity and reliability.

Original Abstract Submitted

A computer system for generating an insurance policy for a user includes a processor and a non-transitory, tangible, computer-readable storage medium having instructions stored thereon that, in response to execution by the processor, cause the processor to perform operations including: (i) receiving, from a wearable electronic user device, biometric data associated with a user; (ii) analyzing, based upon a plurality of rules, the biometric data; (iii) determining a health score associated with the user, based in part upon the analysis of the biometric data, wherein the health score represents a likelihood that the user will maintain a level of health for a predefined period of time; (iv) retrieving terms and conditions for an insurance policy from a database based upon the health score; and (v) generating, based upon the determining, an insurance policy for the user based upon the terms and conditions.