MUMBAI, India, June 22 -- Intellectual Property India has published a patent application (202641068726 A) filed by Dr. Pradeep Kumar Shinde; Dr. K. R. Pundareeka Vittala; Dr. Harisha Naik T; and Dr. Suresha M on June 01, 2026, for Ai-Driven Pediatric Risk Actuarial Modeling And Dynamic Premium Pricing System.
Inventors include Dr. Pradeep Kumar Shinde; Dr. K. R. Pundareeka Vittala; Dr. Harisha Naik T; and Dr. Suresha M.
The application for the patent was published on June 12, 2026, under issue no. 24/2026.
Abstract: The present invention provides an AI-Driven Pediatric Risk Actuarial Modeling and Dynamic Premium Pricing System (100) for health insurance underwriting of pediatric policyholders. The system (100) comprises a Pediatric Health Data Acquisition Module (110) that ingests clinical records, wearable biometric data, and immunization compliance data. An AI-Based Risk Assessment Engine (120) employs machine learning models including gradient boosting classifiers and deep neural networks to generate individualized pediatric risk scores through a Feature Extraction Layer (126) and a Pediatric Risk Scoring Unit (124). An Actuarial Modeling Unit (130) translates risk scores into premium estimates using pediatric-specific actuarial tables (134) and stochastic simulations (136). A Dynamic Premium Pricing Module (140) recalculates premiums in real time subject to regulatory compliance validation (146). A Feedback and Model Retraining Module (180) continuously refines model accuracy. The system enables fair, data-responsive pediatric health insurance pricing.
Disclaimer: Curated by HT Syndication.
