Activity Based Costing Underwriting Tool
First Claim
1. A method of evaluating underwriting activities of a company providing insurance coverage, said method comprising the steps of:
- storing cost data related to employees performing said underwriting activities for said company;
receiving ranking information from employees related to tasks associated with said underwriting activities;
calculating the time spent on a task based upon said ranking information; and
generating a report based upon said time.
2 Assignments
0 Petitions
Accused Products
Abstract
A method of evaluating underwriting activities of a company providing insurance coverage is disclosed. The method comprises the steps of storing data related to the underwriting activities for the company; receiving information from employees related to tasks associated with the underwriting activities; analyzing the information from the employees; and generating a report based upon the information from employees. A system for evaluating underwriting activities for a company is also disclosed. The system comprising a user computer storing a proram containing questions related to tasks for underwriting activities; a server coupled to the user computer to receive information entered by a plurality of users related to tasks for underwriting activities; and a report generated by the server and providing analyzed information related to responses of the plurality of users.
120 Citations
10 Claims
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1. A method of evaluating underwriting activities of a company providing insurance coverage, said method comprising the steps of:
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storing cost data related to employees performing said underwriting activities for said company; receiving ranking information from employees related to tasks associated with said underwriting activities; calculating the time spent on a task based upon said ranking information; and generating a report based upon said time. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A method of evaluating underwriting activities of a company providing insurance coverage, said method comprising the steps of:
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storing salary data related to employees performing said underwriting activities for said company; receiving ranking information from employees related to tasks associated with said underwriting activities; calculating the time spent on a plurality of tasks based upon said ranking information; calculating a cost associated with said plurality of tasks; aggregating the cost associated with said plurality of tasks for a plurality of employees; and generating a report based upon said time and said costs.
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Specification