System and method for underwriting

• US 20060047540A1
• Filed: 09/01/2004
• Published: 03/02/2006
• Est. Priority Date: 09/01/2004
• Status: Abandoned Application

• Current Assignee: Computer Sciences Corporation (DXC Technology Company)
• Original Assignee: Computer Sciences Corporation (DXC Technology Company)
• Inventors: Hobson, Steven, Mercer, Chris, Hutten, Bruce Van
• Application Number:
  US10/932,326
• Publication Number:
  US 20060047540A1
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

In various embodiments, a user may graphically create and/or modify underwriting rules. The underwriting rules may be automatically executed by a computer system. Insurance information or insurance underwriting data stored on a database or received via an XML message may be processed automatically by the underwriting rules. Insurance claims or policies may be automatically accepted, declined, and/or referred by the underwriting rules.

Claims

1. A method of automatically underwriting insurance policies comprising:

accessing a drawing program;

creating a graphic model of one or more business rules used to underwrite insurance policies using the drawing program;

automatically converting the graphic model of the underwriting rules into an executable insurance underwriting computer program capable of applying the modeled underwriting rules to the analysis-of insurance underwriting data;

analyzing insurance underwriting data using the insurance underwriting computer program; and

producing a report, wherein the report comprises the result of the analysis of the insurance underwriting data.

2. The method of claim 1, wherein the drawing program is configured to perform a modeling method comprising:

displaying one or more screens on a computer monitor;

displaying one or more icons on a computer monitor, wherein one or more icons are positionable in one or more screens;

3. The method of claim 2, wherein creating a graphic model of one or more business rules comprises positioning one or more icons on one or more screens on a computer monitor;

and forming one or more connections between the icons on the screen, wherein the connections model the business rules process flow.

4. The method of claim 2, wherein creating a graphic model of one or more business rules comprises associating one or more data sources to one or more icons, wherein the one or more data sources comprise insurance underwriting data for analysis by the underwriting computer program.

5. The method of claim 1, wherein accessing a drawing program comprises accessing the drawing program through a user system from an insurance processing system across a network via one or more Internet protocols.

6. The method of claim 1, further comprising:

modifying the graphical model of one or more business rules using the drawing program; and

converting the modified graphic model of the underwriting rules into an executable insurance underwriting computer program.

7. The method of claim 6, wherein modifying the graphical model of one or more business rules comprises adding or removing one or more icons to a graphical display of the graphical model using the drawing program.

8. The method of claim 1, wherein automatically converting the graphic model of the underwriting rules into an executable insurance underwriting computer program comprises preparing a business rules document that includes computer readable data that corresponds to the modeled business rules.

9. The method of claim 7, wherein the business rules document comprises an XML language document.

10. The method of claim 7, further comprising transmitting the business rules document to an insurance processing system, wherein the insurance processing system is configured to convert the business rules document into an executable insurance underwriting computer program.

11. The method of claim 1, wherein analyzing insurance underwriting data using the insurance underwriting computer program comprises:

receiving insurance underwriting data;

accessing the insurance underwriting computer program; and

automatically determining the underwriting status of the received insurance underwriting data using the insurance underwriting computer program.

12. The method of claim 11, wherein the insurance underwriting data is received as an XML message.

13. The method of claim 11, wherein the insurance underwriting data is received from a user system database.

14. The method of claim 11, wherein the insurance underwriting data is received from an insurance system database.

15. A carrier medium comprising program instructions, wherein the program instructions are executable to implement:

accessing a drawing program;

creating a graphic model of one or more business rules used to underwrite insurance policies using the drawing program;

automatically converting the graphic model of the underwriting rules into an executable insurance underwriting computer program capable of applying the modeled underwriting rules to the analysis of insurance underwriting data;

analyzing insurance underwriting data using the insurance underwriting computer program;

producing a report, wherein the report comprises the result of the analysis of the insurance underwriting data.

16. The carrier medium of claim 15, wherein the drawing program is configured to perform a modeling method comprising:

displaying one or more screens on a computer monitor;

displaying one or more icons on a computer monitor, wherein one or more icons are positionable in one or more screens;

17. The carrier medium of claim 16, wherein creating a graphic model of one or more business rules comprises positioning one or more icons on one or more screens on a computer monitor;

and forming one or more connections between the icons on the screen, wherein the connections model the business rules process flow.

18. The carrier medium of claim 16, wherein creating a graphic model of one or more business rules comprises associating one or more data sources to one or more icons, wherein the one or more data sources comprise insurance underwriting data for analysis by the underwriting computer program.

19. The carrier medium of claim 15, wherein accessing a drawing program comprises accessing the drawing program through a user system from an insurance processing system across a network via one or more Internet protocols.

20. The carrier medium of claim 15, wherein the program instructions are further computer-executable to implement:

modifying the graphical model of one or more business rules using the drawing program; and

converting the modified graphic model of the underwriting rules into an executable insurance underwriting computer program.

21. The carrier medium of claim 20, wherein modifying the graphical model of one or more business rules comprises adding or removing one or more icons to a graphical display of the graphical model using the drawing program.

22. The carrier medium of claim 20, wherein automatically converting the graphic model of the underwriting rules into an executable insurance underwriting computer program comprises preparing a business rules document that includes computer readable data that corresponds to the modeled business rules.

23. The carrier medium of claim 21, wherein the business rules document comprises an XML language document.

24. The carrier medium of claim 21, wherein the program instructions are further computer-executable to implement transmitting the business rules document to an insurance processing system, wherein the insurance processing system is configured to convert the business rules document into an executable insurance underwriting computer program.

25. The carrier medium of claim 15, wherein analyzing insurance underwriting data using the insurance underwriting computer program comprises:

receiving insurance underwriting data;

accessing the insurance underwriting computer program; and

automatically determining the underwriting status of the received insurance underwriting data using the insurance underwriting computer program.

26. The carrier medium of claim 25, wherein the insurance underwriting data is received as an XML message.

27. The carrier medium of claim 25, wherein the insurance underwriting data is received from a user system database.

28. The carrier medium of claim 25, wherein the insurance underwriting data is received from an insurance system database.

29. An insurance processing system comprising:

a CPU;

a memory coupled to the CPU, wherein the memory comprises program instructions executable to implement;

accessing a drawing program;

creating a graphic model of one or more business rules used to underwrite insurance policies using the drawing program;

automatically converting the graphic model of the underwriting rules into an executable insurance underwriting computer program capable of applying the modeled underwriting rules to the analysis of insurance underwriting data;

analyzing insurance underwriting data using the insurance underwriting computer program;

producing a report, wherein the report comprises the result of the analysis of the insurance underwriting data.

30. The system of claim 29, wherein the drawing program is configured to perform a modeling method comprising:

displaying one or more screens on a computer monitor;

displaying one or more icons on a computer monitor, wherein one or more icons are positionable in one or more screens;

31. The system of claim 30, wherein creating a graphic model of one or more business rules comprises positioning one or more icons on one or more screens on a computer monitor;

and forming one or more connections between the icons on the screen, wherein the connections model the business rules process flow.

32. The system of claim 30, wherein creating a graphic model of one or more business rules comprises associating one or more data sources to one or more icons, wherein the one or more data sources comprise insurance underwriting data for analysis by the underwriting computer program.

33. The system of claim 29, wherein accessing a drawing program comprises accessing the drawing program through a user system from an insurance processing system across a network via one or more Internet protocols.

34. The system of claim 29, wherein the program instructions are further computer-executable to implement:

modifying the graphical model of one or more business rules using the drawing program; and

converting the modified graphic model of the underwriting rules into an executable insurance underwriting computer program.

35. The system of claim 34, wherein modifying the graphical model of one or more business rules comprises adding or removing one or more icons to a graphical display of the graphical model using the drawing program.

36. The system of claim 34, wherein automatically converting the graphic model of the underwriting rules into an executable insurance underwriting computer program comprises preparing a business rules document that includes computer readable data that corresponds to the modeled business rules.

37. The system of claim 35, wherein the business rules document comprises an XML language document.

38. The system of claim 35, wherein the program instructions are further computer-executable to implement transmitting the business rules document to an insurance processing system, wherein the insurance processing system is configured to convert the business rules document into an executable insurance underwriting computer program.

39. The system of claim 29, wherein analyzing insurance underwriting data using the insurance underwriting computer program comprises:

receiving insurance underwriting data;

accessing the insurance underwriting computer program; and

automatically determining the underwriting status of the received insurance underwriting data using the insurance underwriting computer program.

40. The system of claim 39, wherein the insurance underwriting data is received as an XML message.

41. The system of claim 39, wherein the insurance underwriting data is received from a user system database.

42. The system of claim 39, wherein the insurance underwriting data is received from an insurance system database.