Dynamic portal dashboards system and method
First Claim
1. A system comprising:
- a communication device to receive account information in connection with a potential policy for an entity, the potential policy having a policy type;
a computer storage unit for receiving, storing, and providing data indicative of the account information;
a data storage device including a risk database storing a plurality of risk variables associated with a plurality of covered parties;
a risk score platform including an account score engine and a plurality of risk score model applications, each risk score model application corresponding to one of a plurality of different policy types and configured to generate an account score matrix for the potential policy for the entity, including grade values comparing the account information to stored account information of other covered parties, and a benchmark premium value calibrated to a target return on equity based on the account information and information in the risk database;
an account score application configured to;
receive, from an underwriter device, a selection of a quotation number corresponding to a policy quotation for data retrieval;
receive, from the underwriter device, a claim frequency corresponding to the policy quotation;
responsive to receipt of the quotation number selection and the claim frequency, generate, by the risk score model application corresponding to the policy type of the potential policy, the account score matrix for the potential policy;
launch a premium indication portal configured to provide a single access point to a plurality of premium indication model applications, each premium indication model application corresponding to one of the plurality of different policy types, wherein a premium indication portal processor is configured to;
render, for display on an underwriter device;
an accounts summary tab, selectable by a user, configured to display, upon selection, one or more summary pages corresponding to the policy quotation, the one or more summary pages including (i) a display of the account score matrix, (ii) a display of a risk score corresponding to the policy quotation, and (iii) a display of a benchmark input factor by line of business for each line of business of the entity;
a plurality of premium indication model application tabs, each premium indication model application tab individually selectable by the user and corresponding to a different policy type and including a display of a plurality of dynamically generated guide evaluation adjustment sliders configured to permit selective adjustment of a plurality of guide evaluation factors;
receive, from the underwriter device, guide evaluation adjustments input via one or more of the plurality of dynamically generated guide evaluation adjustment sliders for a corresponding one or more of the plurality of guide evaluation factors;
generate, based on the guide evaluation adjustments, an account premium summary; and
responsive to generation of the account premium summary, render, for display on the underwriter device a dashboards tab, selectable by the user, configured to display, upon selection, live dynamic dashboards displaying book statistics including at least two of;
(i) a first graph depicting return on equity summary plotted over a period of time, (ii) a second graph depicting planned versus actual return on equity summary over multiple lines of business, (iii) a third graph depicting sold-to-benchmark premium summary over a period of time, (iv) a fourth graph depicting sold-to-guide premium summary over a period of time, (v) a fifth graph depicting sold-to-benchmark premium summary over multiple lines of business, and (vi) a sixth graph depicting sold-to-guide premium summary over multiple lines of business.
1 Assignment
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Accused Products
Abstract
According to some embodiments, account information may be received in connection with a potential insurance policy. A premium indication portal processor may receive, from a risk score model application, an account score matrix for the potential insurance policy, including grade values comparing the account information with other insured policies in a risk database, along with a benchmark premium value calibrated to a target return on equity based on the account information and information in the risk database. The account score matrix may be displayed on an underwriter device, and guide indication adjustments may be received from the underwriter device for the potential insurance policy. The premium indication portal processor may then automatically calculate an adjusted premium value calibrated to the target return on equity based at least in part on the guide indication adjustments.
45 Citations
16 Claims
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1. A system comprising:
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a communication device to receive account information in connection with a potential policy for an entity, the potential policy having a policy type; a computer storage unit for receiving, storing, and providing data indicative of the account information; a data storage device including a risk database storing a plurality of risk variables associated with a plurality of covered parties; a risk score platform including an account score engine and a plurality of risk score model applications, each risk score model application corresponding to one of a plurality of different policy types and configured to generate an account score matrix for the potential policy for the entity, including grade values comparing the account information to stored account information of other covered parties, and a benchmark premium value calibrated to a target return on equity based on the account information and information in the risk database; an account score application configured to; receive, from an underwriter device, a selection of a quotation number corresponding to a policy quotation for data retrieval; receive, from the underwriter device, a claim frequency corresponding to the policy quotation; responsive to receipt of the quotation number selection and the claim frequency, generate, by the risk score model application corresponding to the policy type of the potential policy, the account score matrix for the potential policy; launch a premium indication portal configured to provide a single access point to a plurality of premium indication model applications, each premium indication model application corresponding to one of the plurality of different policy types, wherein a premium indication portal processor is configured to; render, for display on an underwriter device; an accounts summary tab, selectable by a user, configured to display, upon selection, one or more summary pages corresponding to the policy quotation, the one or more summary pages including (i) a display of the account score matrix, (ii) a display of a risk score corresponding to the policy quotation, and (iii) a display of a benchmark input factor by line of business for each line of business of the entity; a plurality of premium indication model application tabs, each premium indication model application tab individually selectable by the user and corresponding to a different policy type and including a display of a plurality of dynamically generated guide evaluation adjustment sliders configured to permit selective adjustment of a plurality of guide evaluation factors; receive, from the underwriter device, guide evaluation adjustments input via one or more of the plurality of dynamically generated guide evaluation adjustment sliders for a corresponding one or more of the plurality of guide evaluation factors; generate, based on the guide evaluation adjustments, an account premium summary; and responsive to generation of the account premium summary, render, for display on the underwriter device a dashboards tab, selectable by the user, configured to display, upon selection, live dynamic dashboards displaying book statistics including at least two of;
(i) a first graph depicting return on equity summary plotted over a period of time, (ii) a second graph depicting planned versus actual return on equity summary over multiple lines of business, (iii) a third graph depicting sold-to-benchmark premium summary over a period of time, (iv) a fourth graph depicting sold-to-guide premium summary over a period of time, (v) a fifth graph depicting sold-to-benchmark premium summary over multiple lines of business, and (vi) a sixth graph depicting sold-to-guide premium summary over multiple lines of business. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A computer-implemented method, comprising:
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receiving, by an account score application from an underwriter device, a selection of a quotation number corresponding to a policy quotation for a potential policy for data retrieval; receiving, by the account score application from the underwriter device, a claim frequency corresponding to the policy quotation; receiving, at a premium indication portal processor from a risk score platform including an account score engine and a plurality of risk score model applications, each risk score model application corresponding to one of a plurality of different policy types, an account score matrix for the potential policy, including grade values comparing the account information with other insured policies in a risk database, and a benchmark premium value calibrated to a target return on equity based on the account information and information in the risk database; rendering, by the premium indication portal processor for display on an underwriter device, a premium indication portal including; an accounts summary tab, selectable by a user, configured to display, upon selection, one or more summary pages corresponding to the policy quotation, the one or more summary pages including (i) a display of the account score matrix, (ii) a display of a risk score corresponding to the policy quotation, (iii) a display of a benchmark input factor by line of business for each line of business of an entity; a plurality of premium indication model application tabs corresponding to a plurality of premium indication model applications, each premium indication model application tab individually selectable by the user and corresponding to one of the plurality of different policy types and including a display of a plurality of dynamically generated guide evaluation adjustment sliders configured to permit selective adjustment of a plurality of guide evaluation factors; receiving, by the premium indication portal processor from the underwriter device, guide evaluation adjustments input via one or more of the plurality of dynamically generated guide evaluation adjust sliders for one or more of the plurality of guide evaluation factors; responsive to receipt of the guide evaluation adjustments, generating, based on the guide evaluation adjustments, an account premium summary; and responsive to generation of the account premium summary, rendering, for display on the underwriter device, a dashboards tab, selectable by the user, configured to display, upon selection, live dynamic dashboards displaying book statistics including at least two of;
(i) a first graph depicting return on equity summary plotted over a period of time, (ii) a second graph depicting planned versus actual return on equity summary over multiple lines of business, (iii) a third graph depicting sold-to-benchmark premium summary over a period of time, (iv) a fourth graph depicting sold-to-guide premium summary over a period of time, (v) a fifth graph depicting sold-to-benchmark premium summary over multiple lines of business, and (vi) a sixth graph depicting sold-to-guide premium summary over multiple lines of business. - View Dependent Claims (10, 11, 12, 13, 14, 15, 16)
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Specification