Granted Patent B1

US 12,282,951 · App. 17/239,074 · Granted Apr 22, 2025

Inventors: Floyd M. Yager (Park Ridge, IL); Thomas J. Wilson (Chicago, IL)

Assignee: Allstate Insurance Company

G06Q40/02G06Q30/06

Abstract

Claims (67)

1. An apparatus comprising:

one or more processors; and

memory storing instructions that, when executed by the one or more processors, cause the apparatus to:

receive, from a computing device, an indication of user interest in a product;

identify, based on a first profile associated with the computing device, a first attribute;

determine one or more second profiles that comprise the first attribute;

determine one or more features, of the product, that are associated with the one or more second profiles;

determine, for each of the one or more features, a utility value, the utility value corresponding to an applicability of one or more features to the product;

simulate, based on strategic alternatives data and the utility value for each of the one or more features, demand for the one or more features, wherein the demand includes an optimization of the one or more features based on the strategic alternatives data and the utility value;

determine, based on the simulated demand, that a subset of the one or more features satisfies a need state associated with the first profile; and

send, to the computing device, a product package including the subset of the one or more features.

2. The apparatus of claim 1 , wherein the instructions, when executed, further cause the apparatus to simulate the demand for the one or more features by:

iteratively evaluating a plurality of combinations of the one or more features,

measuring overall demand potential for the one or more features, and

measuring consumer preferences for the one or more features.

3. The apparatus of claim 1 , wherein the first attribute comprises one of a gender, an age, an occupation, a marital status, or a family size.

4. The apparatus of claim 1 , wherein the instructions, when executed, further cause the apparatus to determine the utility value by determining features identified as advantageous to both an overall target population and one or more subsets of the overall target population.

5. The apparatus of claim 1 , wherein the instructions, when executed, further cause the apparatus to determine the strategic alternatives data based on:

evaluating market data from one or more providers; and

evaluating impacts of combining together subsets of the one or more features.

6. The apparatus of claim 1 , wherein the need state associated with the first profile is based on a new driver, a new asset, a change in financial status, or an occurrence of a life-stage event.

7. The apparatus of claim 1 , wherein the instructions, when executed, further cause the apparatus to add a feature to, substitute a feature in, or remove a feature from the product package.

8. A system comprising:

a terminal comprising:

one or more first processors; and

an electronic display; and

a server comprising:

one or more second processors; and

memory storing instructions that, when executed by the one or more second processors, cause the server to:

receive, from the terminal, an indication of user interest in a product;

identify, based on a first profile associated with a user of the terminal, a first attribute;

determine one or more second profiles that comprise the first attribute;

determine one or more features, of the product, that are associated with the one or more second profiles;

determine, for each of the one or more features, a utility value, the utility value corresponding to an applicability of the feature to product;

simulate, based on strategic alternatives data and the utility value for each of the one or more features, demand for the one or more features, wherein the demand includes an optimization of features based on the strategic alternatives data and the utility value;

determine, based on the simulated demand, that a subset of the one or more features satisfies a need state associated with the user; and

send, to the terminal, a product package including the subset of the one or more features.

9. The system of claim 8 , wherein the instructions, when executed, further cause the server to simulate the demand for the one or more features by:

iteratively evaluating a plurality of combinations of the one or more features,

measuring overall demand potential for the one or more features, and

measuring consumer preferences for the one or more features.

10. The system of claim 8 , wherein the first attribute comprises one of a gender, an age, an occupation, a marital status, or a family size.

11. The system of claim 8 , wherein the instructions, when executed, further cause the server to determine the utility value by determining features identified as advantageous to both an overall target population and one or more subsets of the overall target population.

12. The system of claim 8 , wherein the instructions, when executed, further cause the server to determine the strategic alternatives data based on:

evaluating market data from one or more providers; and

evaluating impacts of combining together subsets of the one or more features.

13. The system of claim 8 , wherein the need state associated with the user is based on a new driver, a new asset, a change in financial status, or an occurrence of a life-stage event.

14. The system of claim 8 , wherein the instructions, when executed, further cause the server to add a feature to, substitute a feature in, or remove a feature from the product package.

15. A method comprising:

receiving, from a computing device associated with a user, an indication of user interest in a product;

identifying, based on a first profile associated with the user, a first attribute;

determining one or more second profiles that comprise the first attribute;

determining one or more features, of the product, that are associated with the one or more second profiles;

determining, for each of the one or more features, a utility value, the utility value corresponding to an applicability of the feature to product;

simulating, based on strategic alternatives data and the utility value for each of the one or more features, demand for the one or more features, wherein the demand includes an optimization of features based on the strategic alternatives data and the utility value;

determining, based on the simulated demand, that a subset of the one or more features satisfies a need state associated with the user; and

sending, to the computing device, a product package including the subset of the one or more features.

16. The method of claim 15 , further comprising:

iteratively evaluating a plurality of combinations of the one or more features,

measuring overall demand potential for the one or more features, and

measuring consumer preferences for the one or more features.

17. The method of claim 15 , wherein the first attribute comprises one of a gender, an age, an occupation, a marital status, or a family size.

18. The method of claim 15 , further comprising determining features identified as advantageous to both an overall target population and one or more subsets of the overall target population.

19. The method of claim 15 , further comprising:

evaluating market data from one or more providers; and

evaluating impacts of combining together subsets of the one or more features.

20. The method of claim 15 , wherein the need state associated with the user is based on a new driver, a new asset, a change in financial status, or an occurrence of a life-stage event.

Assignments (1)

Continuity (7)

References Cited (400)