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SYSTEM AND METHOD FOR COMPUTERIZED INSURANCE RATING

  • US 20100223079A1
  • Filed: 05/11/2010
  • Published: 09/02/2010
  • Est. Priority Date: 12/30/2003
  • Status: Active Grant
First Claim
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1. A computerized system for rating possible insurance risk, comprising:

  • an insurance computer system for receiving and storing risk information;

    a web service in electronic communication with said insurance computer system for receiving said risk information from the insurance computer system, wherein said web service also being provided for transmitting risk rating information to said insurance computer system; and

    a calculation engine in electronic communication with said web service and configured to;

    load, from a data repository for storing rating spreadsheets for calculation of risk rating data, instances of selected ones of workbooks of the stored spreadsheets;

    populate cells of said workbooks with data based on said received risk information;

    perform calculations employing formulas included in said workbooks to determine risk rating information and premium data; and

    furnish results of the calculations from the cells of the workbooks to the web service;

    said insurance system configured to receive said risk rating information and premium data from said web service and parse said risk rating information and premium data for display on a user interface.

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