Insurance management system
First Claim
1. An insurance processing system, comprising:
- an input subsystem, including an input characteristic and a policy characteristic, wherein said input subsystem provides for generating said policy characteristic from said input characteristic;
a policy subsystem, including a policy, wherein said policy subsystem provides for generating said policy from said policy characteristic; and
a quote subsystem, including a quote, wherein said quote subsystem provides for generating said quote for said policy with said policy characteristic.
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Accused Products
Abstract
The invention is an insurance management system and method that can be used to give insurance agents more control over the policies that they sell and/or administer. The system allows agents and other entities to access and manipulate information in accordance with the “intelligence” of insurance experts that is flexibly embedded into the system in the form of automated business rules. An input subsystem can be used to enter, modify, select, and delete data on the system. A policy subsystem can be used to add, update, and delete data relating to insurance contracts, such as reusable template endorsements. A quote subsystem can be used to generate, update, and delete financial data relating to a particular insurance contract or provision.
110 Citations
43 Claims
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1. An insurance processing system, comprising:
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an input subsystem, including an input characteristic and a policy characteristic, wherein said input subsystem provides for generating said policy characteristic from said input characteristic;
a policy subsystem, including a policy, wherein said policy subsystem provides for generating said policy from said policy characteristic; and
a quote subsystem, including a quote, wherein said quote subsystem provides for generating said quote for said policy with said policy characteristic. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23)
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24. An insurance processing system, comprising:
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an input subsystem, including a plurality of input characteristics and a plurality of policy characteristics, wherein said input subsystem provides for capturing said plurality of input characteristics and generating said plurality of policy characteristics from said plurality of input characteristics;
a policy subsystem, including a plurality of policies, wherein said policy subsystem provides for generating each policy in said plurality of policies with said policy characteristics relating to said policy;
a quote subsystem, including a plurality of quotes, wherein said quote subsystem provides for generating at least one said quote for each said policy with said policy characteristics relating to said policy; and
an administrative subsystem, including a plurality of business rules, comprising a rating business rule, a policy business rule, an underwriting business rule, and a carrier business rule;
wherein said input subsystem generates said policy characteristics with said plurality of business rules;
wherein said policy subsystem generates said policy with said plurality of business rules; and
wherein said quote subsystem generates said quote with said plurality of business rules. - View Dependent Claims (25, 26, 27, 28, 29, 30, 31, 32, 33, 34)
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35. A method for creating an insurance contract, comprising:
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selecting an endorsement from a plurality of available pre-defined endorsements for an integrated professional policy; and
generating an online quote for the integrated professional policy. - View Dependent Claims (36, 37, 38)
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39. A method for modifying an insurance contract, comprising:
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proposing a modification of an endorsement characteristic with an agent interface;
accepting said modification with an underwriter interface; and
updating an underwriter template with the underwriter interface. - View Dependent Claims (40, 41, 42, 43)
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Specification