18962872. SMART ESTIMATICS METHODS AND SYSTEMS (State Farm Mutual Automobile Insurance Company)
SMART ESTIMATICS METHODS AND SYSTEMS
Organization Name
State Farm Mutual Automobile Insurance Company
Inventor(s)
Leann Dionesotes of Bloomington IL US
John Dillard of Bloomington IL US
SMART ESTIMATICS METHODS AND SYSTEMS
This abstract first appeared for US patent application 18962872 titled 'SMART ESTIMATICS METHODS AND SYSTEMS
Original Abstract Submitted
A method for providing smart auto rental estimatics to a user includes: training a machine learning model including a plurality of training parameters; receiving an auto loss report; extracting machine learning parameters from the auto loss report; analyzing, using the machine learning model, the machine learning parameters and volume data to determine at least one of (i) a loss time to repair and (ii) a loss cost to repair, the volume data corresponding to real-time information pertaining to claim volume and/or shop volume, and the loss time to repair indicating a wait time the user is predicted to require a rental vehicle; and outputting, by the machine learning model, the at least one of (i) the loss time to repair and (ii) the loss cost to repair.
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