Methods for digital management of underwriting insurance contracts
First Claim
1. A method of processing and managing the underwriting of an insurance contract, the method comprising:
- receiving, from a terminal operated by an underwriter registered in a user database comprising a plurality of user entries, a request for approval of the insurance contract, the request for approval of the insurance contract including a plurality of underwriting parameters of the insurance contract;
reading, from a user entry in the user database corresponding to the registered underwriter, a plurality of underwriting criteria corresponding to the registered underwriter;
determining, using a computer program, whether the underwriting parameters of the insurance contract satisfy the underwriting criteria corresponding to the registered underwriter;
providing, to the terminal, an interface including a status message indicating that at least one underwriting criterion is not satisfied, if at least one underwriting criterion is not satisfied;
providing an underwriting failure message to a managing underwriter identified in the user entry corresponding to the registered underwriter, if at least one parameter of the insurance contract does not satisfy the underwriting criteria in the user entry corresponding to the one of the plurality of registered underwriters;
reading, from a user entry in the user database corresponding to the managing underwriter, a plurality of underwriting criteria corresponding to the managing underwriter;
determining whether the underwriting parameters of the insurance contract satisfy the underwriting criteria corresponding to the managing underwriter; and
providing a status message to the managing underwriter indicating that at least one underwriting criterion corresponding to the managing underwriter is not satisfied, if at least one underwriting criterion corresponding to the managing underwriter is not satisfied.
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Accused Products
Abstract
Disclosed are methods of underwriting insurance contracts. In one embodiment a method comprises receiving from a registered user a request for approval of the insurance contract, the request for approval of the insurance contract including underwriting parameters of the insurance contract; reading, from a user database underwriting criteria corresponding to the user; determining whether the underwriting parameters of the insurance contract satisfy the underwriting criteria of the user; and providing an interface including a status message indicating that at least one underwriting criterion is not satisfied, if at least one underwriting criterion is not satisfied. The interface can include a graphical element linking a part of the status message with a displayed parameter of the contract. In another embodiment the method further comprises determining whether the underwriting parameters of the insurance contract satisfy underwriting criteria corresponding to a managing user with a greater scope of authority than the registered user.
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Citations
60 Claims
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1. A method of processing and managing the underwriting of an insurance contract, the method comprising:
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receiving, from a terminal operated by an underwriter registered in a user database comprising a plurality of user entries, a request for approval of the insurance contract, the request for approval of the insurance contract including a plurality of underwriting parameters of the insurance contract; reading, from a user entry in the user database corresponding to the registered underwriter, a plurality of underwriting criteria corresponding to the registered underwriter; determining, using a computer program, whether the underwriting parameters of the insurance contract satisfy the underwriting criteria corresponding to the registered underwriter; providing, to the terminal, an interface including a status message indicating that at least one underwriting criterion is not satisfied, if at least one underwriting criterion is not satisfied; providing an underwriting failure message to a managing underwriter identified in the user entry corresponding to the registered underwriter, if at least one parameter of the insurance contract does not satisfy the underwriting criteria in the user entry corresponding to the one of the plurality of registered underwriters; reading, from a user entry in the user database corresponding to the managing underwriter, a plurality of underwriting criteria corresponding to the managing underwriter; determining whether the underwriting parameters of the insurance contract satisfy the underwriting criteria corresponding to the managing underwriter; and providing a status message to the managing underwriter indicating that at least one underwriting criterion corresponding to the managing underwriter is not satisfied, if at least one underwriting criterion corresponding to the managing underwriter is not satisfied. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60)
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Specification