System and method for electronically creating, filing and approving applications for insurance coverage
First Claim
1. A method for electronically processing an insurance application, the method comprising the steps of:
- receiving user input;
receiving risk data from a risk information system;
selecting a first insurer and a second insurer;
receiving information from the first insurer;
receiving information from the second insurer;
generating an first application for the first insurer using the received risk data, the received user input, and the received information from the first insurer;
generating a second application for the second insurer using the received risk data, the received user input, and the received information from the second insurer;
sending the first application to the first insurer in digital form; and
sending the second application to the second insurer in digital form.
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Accused Products
Abstract
A system for electronically creating, filing and approving applications for insurance coverage comprises an application processing system, a risk information system, at least one insurer system and a plurality of agent terminals coupled by a network such as the Internet. The application processing system advantageously presents a user interface via an agent terminal to allow a producer to input information. The application processing system creates a completed insurance application from the input information along with additional information gathered form the risk information system. The application processing system generates one or more applications and automatically submits them to respective insurer systems.
38 Citations
20 Claims
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1. A method for electronically processing an insurance application, the method comprising the steps of:
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receiving user input;
receiving risk data from a risk information system;
selecting a first insurer and a second insurer;
receiving information from the first insurer;
receiving information from the second insurer;
generating an first application for the first insurer using the received risk data, the received user input, and the received information from the first insurer;
generating a second application for the second insurer using the received risk data, the received user input, and the received information from the second insurer;
sending the first application to the first insurer in digital form; and
sending the second application to the second insurer in digital form. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A system for electronically processing an insurance application, the system comprising:
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a user interface module for receiving input data from a user;
a risk module for generating risk data; and
a form completion module coupled to receive data from the user interface module and the risk module, the form completion module for generating a first insurance application and a second insurance applications, using data from the user interface module, the risk module, and information to select a first insures and a second insurers, the form completion module coupled to a network for transmission of the first insurance applications electronically to the first insurers and the second insurance application electronically to the second insurer. - View Dependent Claims (11, 12, 13, 14, 15)
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16. A system for electronically processing an insurance application, the system comprising:
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an application processing system coupled to a terminal for communication with a user, the application processing system coupled to a network, the application processing system for retrieving data, the application processing system for selecting a plurality of insurer systems and generating a plurality of insurance applications;
the plurality of insurer systems for analyzing whether to provide insurance, the insurer systems coupled to the application processing system, the insurer systems adapted for electronic communication of an insurance application from the application processing system to each insurer system;
a risk information system for storing data about users, the risk information system coupled to the application processing system;
the risk information system providing data for the plurality of insurance applications; and
wherein the application processing system generates the plurality of insurance applications each formatted and transmitted according to parameters prescribed by a respective insurer system of the plurality of insurer systems. - View Dependent Claims (18, 19, 20)
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17. (canceled)
Specification