SYSTEM AND METHOD FOR RECEIVING AND EVALUATING REQUESTS FOR INSURANCE PROPOSALS
First Claim
1. A computer system for receiving and evaluating requests for insurance quotes, comprising:
- a processor;
a memory storage device in communication with the processor;
the processor adapted to;
receive via a communications interface data including a request for a quote to underwrite a first risk with respect to a potential insured;
access a data source via the communications interface, and verify and augment the received data with respect using data in the data source;
determine based on the verified and augmented data whether an opportunity exists for underwriting a second risk with respect to the potential insured;
determine whether a quote will be provided with respect to either the first risk or the second risk;
responsive to determining that no quote will be provided with respect to the first risk, provide an output signal via the communications interface, the output signal including the received data and at least a portion of the augmented data, to a third party server.
1 Assignment
0 Petitions
Accused Products
Abstract
A computer system for receiving and evaluating requests for quotes for insurance services includes a processor; and a memory storage device in communication with the processor. The processor is adapted to: receive via a communications interface data including a request for a quote to provide insurance services with respect to a first risk; verify and augment the received data with respect to one or more sources of data; determine based on the verified and augmented received data whether a quote will be provided with respect to the first risk; and provide an output signal including the received data and at least a portion of the augmented data to a third party server.
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Citations
33 Claims
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1. A computer system for receiving and evaluating requests for insurance quotes, comprising:
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a processor; a memory storage device in communication with the processor; the processor adapted to; receive via a communications interface data including a request for a quote to underwrite a first risk with respect to a potential insured; access a data source via the communications interface, and verify and augment the received data with respect using data in the data source; determine based on the verified and augmented data whether an opportunity exists for underwriting a second risk with respect to the potential insured; determine whether a quote will be provided with respect to either the first risk or the second risk; responsive to determining that no quote will be provided with respect to the first risk, provide an output signal via the communications interface, the output signal including the received data and at least a portion of the augmented data, to a third party server. - View Dependent Claims (2, 3, 4)
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5. A computer system for receiving and evaluating requests for insurance quotes, comprising:
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a processor; and a memory storage device in communication with the processor; the processor adapted to; receive via a communications interface data including a request for a quote to provide insurance services with respect to a first risk; validate and enhance the received data with respect to one or more sources of data to obtain enhanced request data; determine based on the validated and enhanced data whether a quote will be provided with respect to the first risk; and provide an output signal including the received data and at least a portion of the enhanced data to a third party server. - View Dependent Claims (6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. A computer-implemented method for receiving and evaluating requests for insurance quotes, comprising:
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receiving via a communications interface data including a request for a quote to provide insurance services with respect to a first risk; accessing via the communications interface one or more sources of data to validate and augment the received data; determining by processor based on the validated and augmented received data whether a quote will be provided with respect to the first risk; and providing via the communications interface an output signal including the received data with at least partial augmentation to a third party server. - View Dependent Claims (16, 17, 18, 19, 20, 21, 22, 23, 24)
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25. A system for receiving and responding to requests for quotes, comprising:
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an authentication module for authenticating credentials of an originator of a request; a data verification module for verifying and enriching data associated with the request; an underwriting engine interface module for furnishing the verified and enriched data to an underwriting engine and for receiving a quote from the underwriting engine; a communications module for communicating verified and enriched data to a third party server, for receiving one or more third party quotes from the third party server, and for communicating the underwriting engine quote and third party quotes to the originator. - View Dependent Claims (26, 27)
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28. A computer-readable medium having a plurality of instructions thereon for receiving and evaluating requests for insurance quotes, which instructions, when executed by a processor, cause the processor to:
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receive via a communications interface data including a request for a quote to provide insurance services with respect to a first risk; verify the received data with respect to one or more sources of data; augment the received data with respect to the one or more sources of data; determine based on the verified and augmented received data whether a quote will be provided with respect to the first risk; and provide an output signal including the received data and at least a portion of the augmented data to a third party server. - View Dependent Claims (29, 30)
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31. A system for receiving and evaluating requests for insurance quotes, comprising:
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a first computer system having a first processor;
a first memory storage device in communication with the first processor; and
a first communications interface for connecting the first computer system to a network;a second computer system having a second processor;
a second memory storage device in communication with the second processor; and
a second communications interface for connecting the second computer system to the network;the first processor adapted to; receive via the communications interface data including a request for a quote to provide insurance services with respect to a risk; validate and augment the received data with respect to one or more sources of data to obtain validated and augmented data; determine based on the validated and augmented received data whether a quote will be provided with respect to the risk; and provide an output signal including enhanced request for proposal data including the received data and at least a portion of the validated and augmented data via the network to the second computer system; the second processor adapted to furnish to a plurality of carrier computer systems data including requests for quotes based on the enhanced request for proposal data, to receive quotes from the carrier computer systems, and to furnish the received quotes to the first computer system; the first processor being further adapted to return the received quotes to the source. - View Dependent Claims (32, 33)
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Specification