System and method for facilitating the determination of property and casualty insurance rates
First Claim
1. A system for facilitating the determination of property and casualty insurance rates comprising:
- a computer network interface;
a computer server coupled to the computer network interface for receiving ratemaking data received from at least one user across a computer network, for processing the ratemaking data, and for sending rates and actuarial exhibits to the at least one user; and
at least one communication device coupled to the computer network interface for sending the ratemaking data across the computer network to the computer server, for receiving from the computer server, the rates and the actuarial exhibits.
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Accused Products
Abstract
A system, for facilitating the determination of property and casualty insurance rates, is accessible by users as a desktop application or across a computer network, such as via a web site on the Internet. Each user can provide ratemaking data, in any flat-file format, to a computer or computer server, view and correct data entry errors found in the policy and claims databanks, perform sensitivity analyses, review a log of the input ratemaking parameters and the output rate level information that comprise each sensitivity analysis, review the effect of modifications to the system'"'"'s default ratemaking parameters, select final input ratemaking parameters, and receive as a product of the system, insurance rates and actuarial exhibits.
61 Citations
18 Claims
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1. A system for facilitating the determination of property and casualty insurance rates comprising:
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a computer network interface;
a computer server coupled to the computer network interface for receiving ratemaking data received from at least one user across a computer network, for processing the ratemaking data, and for sending rates and actuarial exhibits to the at least one user; and
at least one communication device coupled to the computer network interface for sending the ratemaking data across the computer network to the computer server, for receiving from the computer server, the rates and the actuarial exhibits. - View Dependent Claims (2, 3, 4)
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5. A method for a system for facilitating the determination of property and casualty insurance rates comprising the steps of:
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receiving ratemaking data from at least one user; and
classifying the ratemaking data. - View Dependent Claims (6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18)
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Specification