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 imports the various terms and conditions from one or more insurer systems and imports 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 instructs the processing device to import the various terms and conditions from the one or more insurer systems, imports the accounts receivable information from the one or more customer systems, identifies overdue accounts receivable and time periods for which those accounts receivable have been overdue, compares 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 generates 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 generates a graphical display that includes the overdue accounts receivable identified by the processing device,wherein the accounts receivable information corresponds to one or more of the customer'"'"'s debtors,wherein the various terms and conditions identify a deadline for filing a claim on the overdue accounts receivable for the one or more debtors, andwherein the compliance module instructs the processing device to electronically submit a claim to one or more insurers via the one or more insurer systems as the time period for the overdue accounts receivable for the one or more debtors covered by the one or more insurers comes within a predetermined number of days from the deadline for filing the claim.
4 Assignments
0 Petitions
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.
-
Citations
22 Claims
-
1. An apparatus for optimizing one or more of a customer'"'"'s insurance policies:
-
a processing device that imports the various terms and conditions from one or more insurer systems and imports 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 instructs the processing device to import the various terms and conditions from the one or more insurer systems, imports the accounts receivable information from the one or more customer systems, identifies overdue accounts receivable and time periods for which those accounts receivable have been overdue, compares 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 generates 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 generates a graphical display that includes the overdue accounts receivable identified by the processing device, wherein the accounts receivable information corresponds to one or more of the customer'"'"'s debtors, wherein the various terms and conditions identify a deadline for filing a claim on the overdue accounts receivable for the one or more debtors, and wherein the compliance module instructs the processing device to electronically submit a claim to one or more insurers via the one or more insurer systems as the time period for the overdue accounts receivable for the one or more debtors covered by the one or more insurers comes within a predetermined number of days from the deadline for filing the claim. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
-
-
12. 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:
-
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, wherein; the accounts receivable information corresponds to one or more of the customer'"'"'s debtors; the various terms and conditions identify a deadline for filing a claim on the overdue accounts receivable for the one or more debtors; and the method further comprises the step of electronically submitting a claim to one or more insurers via the one or more insurer systems as the time period for the overdue accounts receivable for the one or more debtors covered by the one or more insurers comes within a predetermined number of days from the deadline for filing the claim. - View Dependent Claims (13, 14, 15, 16, 17, 18, 19, 20, 21, 22)
-
Specification