APPARATUS AND METHOD FOR OPTIMIZING INSURANCE POLICIES
First Claim
1. An apparatus for optimizing one or more of a customer'"'"'s insurance policies:
- a processing device that is configured to import the various terms and conditions from one or more insurer systems and to import accounts receivable information from one or more customer systems, the processing device being in electronic data communication with the one or more insurer systems and the one or more customer systems via a network connection;
a compliance module that is configured to instruct the processing device to import the various terms and conditions from the one or more insurer systems, to import the accounts receivable information from the one or more customer systems, to identify overdue accounts receivable and time periods for which those accounts receivable have been overdue, and to compare the terms and conditions to the time periods to determine if the customer is not in compliance with any of one of the various terms and conditions, and to generate an alert when the customer is not in compliance with any one of the various terms and conditions; and
a graphical user interface in electronic data communication with the processing device that is configured to generate a graphical display that includes the overdue accounts receivable identified by the processing device.
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Accused Products
Abstract
An apparatus and method for optimizing insurance policies are disclosed. The apparatus and method include a processing device that is configured to import the various terms and conditions from one or more insurer systems and to import accounts receivable information from one or more customer systems, the processing device being in electronic data communication with the one or more insurer systems and the one or more customer systems via a network connection; a compliance module that is configured to instruct the processing device to import the various terms and conditions from the one or more insurer systems, to import the accounts receivable information from the one or more customer systems, to identify overdue accounts receivable and time periods for which those accounts receivable have been overdue, and to compare the terms and conditions to the time periods to determine if the customer is not in compliance with any of one of the various terms and conditions, and to generate an alert when the customer is not in compliance with any one of the various terms and conditions; and a graphical user interface in electronic data communication with the processing device that is configured to generate a graphical display that includes the overdue accounts receivable identified by the processing device.
69 Citations
24 Claims
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1. An apparatus for optimizing one or more of a customer'"'"'s insurance policies:
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a processing device that is configured to import the various terms and conditions from one or more insurer systems and to import accounts receivable information from one or more customer systems, the processing device being in electronic data communication with the one or more insurer systems and the one or more customer systems via a network connection; a compliance module that is configured to instruct the processing device to import the various terms and conditions from the one or more insurer systems, to import the accounts receivable information from the one or more customer systems, to identify overdue accounts receivable and time periods for which those accounts receivable have been overdue, and to compare the terms and conditions to the time periods to determine if the customer is not in compliance with any of one of the various terms and conditions, and to generate an alert when the customer is not in compliance with any one of the various terms and conditions; and a graphical user interface in electronic data communication with the processing device that is configured to generate a graphical display that includes the overdue accounts receivable identified by the processing device. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A method for optimizing one or more of a customer'"'"'s insurance policies, the method being embodied on a computer-readable media and executed by a processing device in electronic data communication with one or more insurer systems and one or more customer systems via a network connection, the method comprising the steps of:
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importing various terms and conditions from the one or more insurer systems; importing accounts receivable information from the one or more customer systems; identifying overdue accounts receivable and time periods for which those accounts receivable have been overdue; comparing the terms and conditions to the time periods to determine if the customer is not in compliance with any of one of the various terms and conditions; generating an alert when the customer is not in compliance with any one of the various terms and conditions; and generating a graphical display on a graphical user interface that includes the overdue accounts receivable identified by the processing device. - View Dependent Claims (14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24)
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Specification