Method and System of Developing a Product
First Claim
1. A method for an insurance product development process in an insurance corporate environment, the method comprising:
- receiving a new insurance product idea from one or more users submitted electronically using an idea submission software application running on at least one computer server;
storing the insurance product idea in an electronic repository using the idea submission software application;
producing work product for a stage in the insurance product development process;
organizing and storing work product for the insurance product development process in the electronic repository, according to each stage in the insurance product development process, using a process management software application running on the at least one computer server;
presenting tasks according to each stage in the insurance product development process on at least one graphical user interface, to the one or more users, using a task management software application running on the at least one computer server; and
presenting access to work product according to each stage in the insurance product development process on at least one graphical user interface, to the one or more users, using a document management software application running on the at least one computer server.
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Abstract
Aspects of the invention include a method and system to develop a product within a corporate environment comprising diverse business units that are located in geographically dispersed locations. In addition, aspects of the invention provide for a streamlined product development process such that a company can efficiently launch products to market from an idea generation stage. Further aspects of the invention include systems and methods that coordinate product development activities within and between different business units within a company. Additional aspects of the invention provide for systems and methods that improve efficiency, reduce redundancy and provide synergy of expertise between different business units to develop a product.
56 Citations
19 Claims
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1. A method for an insurance product development process in an insurance corporate environment, the method comprising:
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receiving a new insurance product idea from one or more users submitted electronically using an idea submission software application running on at least one computer server; storing the insurance product idea in an electronic repository using the idea submission software application; producing work product for a stage in the insurance product development process; organizing and storing work product for the insurance product development process in the electronic repository, according to each stage in the insurance product development process, using a process management software application running on the at least one computer server; presenting tasks according to each stage in the insurance product development process on at least one graphical user interface, to the one or more users, using a task management software application running on the at least one computer server; and presenting access to work product according to each stage in the insurance product development process on at least one graphical user interface, to the one or more users, using a document management software application running on the at least one computer server. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A computer system for an insurance product development process in an insurance corporate environment, the computer system comprising:
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at least one computer server; at least one idea submission software application running on the at least one computer server that receives an insurance product idea from one or more users; a communication network connected to the at least one computer server; at least one electronic database connected to the at least one computer server across the communication network that stores the insurance product idea; and at least in graphical user interface presented to one or more users by the at least one computer server across the communication network. - View Dependent Claims (14, 15, 16, 17, 18, 19)
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Specification