Electronically acquiring and distributing insurnace policy data to agent offices

• US 20010049611A1
• Filed: 03/09/2001
• Published: 12/06/2001
• Est. Priority Date: 03/31/2000
• Status: Abandoned Application

• Current Assignee: Zurich American Insurance Company (Zurich Insurance Group AG)
• Original Assignee: Zurich American Insurance Company (Zurich Insurance Group AG)
• Inventors: Peach, Thomas Edward
• Application Number:
  US09/801,753
• Publication Number:
  US 20010049611A1
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A system, method and program product for source point collection of insurance application and contract data. A potential client or a customer contacts an insurance agent, providing sufficient information that includes whatever is necessary to obtain a quote on an insurance policy. The insurance agent passes the client information, preferably over the Internet, to insurance carrier databases on a central system or server. The client data is automatically entered into insurance industry standard forms, such as those promulgated by the Association for Cooperative Operations Research (ACORD), for example. An insurer may accept the application and issue a policy, conveying such information to the requesting agent or return completed forms to the agent. Completed forms may be compressed into a single file which may be transmitted to the requesting insurance agent as e-mail or, may be made available for direct download from the server by the agent. The agent may present the client with a completed insurance policy or pass the completed forms to other agents/insurance companies for review and acceptance.

Claims

1. A system for inputting and collecting insurance information from a plurality of remotely connected agents, said system comprising:

a forms database, said forms database including completed insurance forms;

a network server providing access to said forms database from a plurality of remotely located terminals;

a data transfer server; and

a formatting computer receiving individual client data and formatting forms with said received individual client information, completed forms being provided to said data transfer server.

2. A system as in

claim 1

wherein said remotely connected agents are connected over remotely located terminals, said remotely located terminals being connected to said remote server over a network, agents providing client information to said forms database from corresponding ones of said remotely connected terminals.

3. A system as in

claim 1

wherein said data transfer server comprises a file transfer protocol (FTP) server, completed insurance applications being stored on said FTP server.

4. A system as in

claim 1

wherein said data transfer server comprises an e-mail server, completed forms being e-mailed to a registered originating agent.

5. A system as in

claim 1

, wherein said e-mail server includes a database, said database including e-mail addresses of registered insurance agents.

6. A system as in

claim 1

wherein said forms database further includes client and new business information.

7. A system as in

claim 6

, said formatting computer comprising:

image generation means receiving client information from said forms database and generating images of insurance policy forms therefrom; and

compression means for compressing insurance policy form images for a single client into a single compressed file, compressed files being stored on said forms database and provided to said data transfer server.

8. A system as in

claim 7

, wherein said data transfer server comprises:

an e-mail server; and

a file transfer protocol (FTP) server, compressed files below a selected size being e-mailed over said e-mail server to a registered agent, said compressed file being included with said e-mail and, compressed files exceeding said selected size being stored on said FTP server, said registered agent being notified of said stored compressed file location.

9. A system as in

claim 7

, wherein said insurance policy forms include insurance policy application and contact forms.

10. A system as in

claim 1

, wherein said client data includes insurance policy application and contract data.

11. An insurance policy application and contract management system for inputting and collecting insurance policy application and contract information from a plurality of remotely connected agents, said system comprising:

a forms database, said forms database including completed insurance policy application and contract forms and, client and new business information;

a network server providing access to said forms database from a plurality of remotely located terminals;

a data transfer server;

a formatting computer receiving client information from said forms database and generating insurance policy application and contract forms therefrom and compressing insurance policy application and contract forms for a single client into a single compressed file, compressed files being stored on said forms database and provided to said data transfer server; and

said plurality of remotely connected terminals being connected to said data transfer server over a network, agents providing client information to said forms database from corresponding ones of said remotely connected terminals.

12. An insurance policy application and contract management system as in

claim 11

wherein said data transfer server comprises a file transfer protocol (FTP) server, compressed files including completed insurance applications being stored on said FTP server.

13. An insurance policy application and contract management system as in

claim 11

wherein said data transfer server comprises an e-mail server including e-mail addresses of registered agents, compressed files being e-mailed to registered originating agents.

14. An insurance policy application and contract management system as in

claim 11

, wherein said data transfer server comprises:

an e-mail server; and

a file transfer protocol (FTP) server, compressed files below a selected size being e-mailed over said e-mail server to corresponding registered originating agents, said compressed files being included with said e-mail and, compressed files exceeding said selected size being stored on said FTP server, corresponding registered originating agents being notified of stored compressed file locations.

15. A method of forming and maintaining client contracts, said method comprising the steps of:

a) sending new business information to a formatting computer, said new business information including insurance related information for developing an insurance contract on an entity;

b) automatically formatting said received new business information, formatted new business information being entered into insurance forms;

c) storing formatted new business information in a database;

d) notifying an insurance agent of availability of said stored information; and

e) making said stored information available to said insurance agent, said insurance agent retrieving said stored information.

16. A method as in

claim 15

wherein the insurance related information is insurance policy application and contract data formatted into an insurance industry standard format.

17. A method as in

claim 16

, wherein formatted said insurance related information is embedded into images of insurance industry standard forms.

18. A method as in

claim 17

wherein said images are compressed into a single file and stored in said database.

19. A system as in

claim 18

wherein the step (d) of notifying said insurance agent comprises sending e-mail to said agent, said compressed file being included with said e-mail.

20. A method as in

claim 18

wherein the step (d) of notifying said insurance agent comprises providing said agent with an indication of the location of said compressed file, said compressed file being downloaded by said agent.

21. A method as in

claim 17

wherein the step (e) of making said stored information available comprises the steps of:

i) determining whether said compressed file exceeds a selected size; and

ii) when said compressed file does not exceed said selected size, including said compressed file in an e-mail and sending said e-mail to said insurance agent;

otherwise,

iii) storing said compressed file, said insurance agent being notified of said stored compressed file'"'"'s storage location in step (d).

22. A method as in

claim 17

wherein said compressed file is a self-extracting file retrieved by said insurance agent to a local computer, files extracted from said self-extracting file being automatically stored in preselected subdirectories on said local computer.

23. A method as in

claim 22

wherein after said agent reviews received contract information, said agent distributes said forms to insurance companies to obtain insurance on said entity.

24. A method as in

claim 23

wherein said entity is an individual.

25. A computer program product for forming and maintaining insurance policy application and contract information, said computer program product comprising a computer usable medium having computer readable program code thereon, said computer readable program code comprising:

computer readable program code means for sending new business information to a formatting computer, said new business information including insurance related information for developing an insurance contract on an entity;

computer readable program code means for automatically formatting said received new business information, formatted new business information being entered into insurance forms;

computer readable program code means for storing formatted new business information in a database;

computer readable program code means for notifying an insurance agent of availability of said stored information; and

computer readable program code means for making said stored information available to said insurance agent.

26. A computer readable program product as in

claim 25

wherein at least one of said insurance forms is in an insurance industry standard format.

27. A computer readable program product as in

claim 26

, wherein said formatted information is embedded into images of insurance industry standard forms.

28. A computer readable program product as in

claim 27

wherein said images are compressed into a single file and stored in said database.

29. A computer readable program product as in

claim 28

wherein the computer readable program code means for notifying said insurance agent comprises computer readable program code means for sending e-mail to said agent, said compressed file being included with said e-mail.

30. A computer readable program product as in

claim 28

wherein the computer readable program code means for notifying said insurance agent comprises computer readable program code means for providing said agent with an indication of the location of said compressed file.

31. A computer readable program product as in

claim 27

wherein the computer readable program code means for making said stored information available comprises:

computer readable program code means for determining whether said compressed file exceeds a selected size when said compressed file does not exceed said selected size, including said compressed file in an e-mail and sending said e-mail to said insurance agent, and otherwise storing said compressed file and said insurance agent being notified of said compressed file'"'"'s storage location.

32. A computer readable program product as in

claim 27

wherein said compressed file is a self-extracting file retrieved by said insurance agent to a local computer, compressed files being extracted from said self-extracting file and automatically stored in preselected subdirectories on said local computer.