Agency business planning tool
First Claim
1. A non-transitory computer-readable medium comprising computer-executable instructions stored thereon that when executed by a processor, cause the processor to perform steps comprising:
- generating an electronic, interactive roadmap interface comprising a plurality of selectable tabs, each of the tabs corresponding to a different step in an agency planning process;
receiving a selection of a first tab of the selectable tabs;
in response to the selection of the first tab, generating a first user input display comprising a plurality of interactive fields;
receiving user input in one or more of the interactive fields;
populating at least one field in a second user input display different from the first user input display, by obtaining the received user input from the one or more of the interactive fields of the first user input display; and
determining a plurality of agency planning attributes based on the user input in the one or more of the interactive fields, the determining including;
(a) calculating a total number of leads generated by an agency based on user input received in one or more interactive fields of a second tab;
(b) determining a total producer capacity, wherein the determining takes into account a monthly capacity per producer and a total number of producers based on the user input receive in the interactive fields of the first and second tabs;
(c) determining a maximum number of leads, of the total number of leads generated, the agency is able to pursue by;
comparing the total number of leads generated to the total producer capacity;
responsive to determining that the total number of leads generated is greater than the total producer capacity, determining the maximum number of leads to be the total producer capacity; and
responsive to determining that the total number of leads is not greater than the total producer capacity, determining the maximum number of leads to be the total number of leads generated by the agency; and
(d) calculating and displaying a new business commission in at least one field of a second user display, the new business commission indicating a commission earned based on the maximum number of leads and a plurality of conversion factors, wherein the conversion factors comprise a quote ratio, a close ratio, average items per policy, average premiums per policy and a commission rate.
1 Assignment
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Accused Products
Abstract
Methods and apparatuses allow an insurance agency to track their current performance in managing existing customers and bringing in new customers. A tool may obtain information from a user regarding characteristics of the user'"'"'s agency and/or agency goals. The tool may use this information to determine an agency'"'"'s business efficiency. The tool may also provide advice regarding marketing spending and/or additional human resources needed. The tool may benchmark an insurance agency against other agencies in the market. The tool may also display how generated leads are converted to new business and/or income for an agency.
31 Citations
18 Claims
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1. A non-transitory computer-readable medium comprising computer-executable instructions stored thereon that when executed by a processor, cause the processor to perform steps comprising:
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generating an electronic, interactive roadmap interface comprising a plurality of selectable tabs, each of the tabs corresponding to a different step in an agency planning process; receiving a selection of a first tab of the selectable tabs; in response to the selection of the first tab, generating a first user input display comprising a plurality of interactive fields; receiving user input in one or more of the interactive fields; populating at least one field in a second user input display different from the first user input display, by obtaining the received user input from the one or more of the interactive fields of the first user input display; and determining a plurality of agency planning attributes based on the user input in the one or more of the interactive fields, the determining including; (a) calculating a total number of leads generated by an agency based on user input received in one or more interactive fields of a second tab; (b) determining a total producer capacity, wherein the determining takes into account a monthly capacity per producer and a total number of producers based on the user input receive in the interactive fields of the first and second tabs; (c) determining a maximum number of leads, of the total number of leads generated, the agency is able to pursue by; comparing the total number of leads generated to the total producer capacity; responsive to determining that the total number of leads generated is greater than the total producer capacity, determining the maximum number of leads to be the total producer capacity; and responsive to determining that the total number of leads is not greater than the total producer capacity, determining the maximum number of leads to be the total number of leads generated by the agency; and (d) calculating and displaying a new business commission in at least one field of a second user display, the new business commission indicating a commission earned based on the maximum number of leads and a plurality of conversion factors, wherein the conversion factors comprise a quote ratio, a close ratio, average items per policy, average premiums per policy and a commission rate. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A method comprising:
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generating, by a processor, an electronic, interactive roadmap interface comprising a plurality of selectable tabs, each of the tabs corresponding to a different step in an agency planning process; receiving, by the processor, a selection of a first tab of the selectable tabs; in response to the selection of the first tab, generating a first user input display comprising a plurality of interactive fields; receiving, by the processor, user input in one or more of the interactive fields; populating, by the processor, at least one field in a second user input display different from the first user input display, by obtaining the received user input from the one or more of the interactive fields of the first user input display; and determining, by the processor, a plurality of agency planning attributes based on the user input in the one or more of the interactive fields, the determining including; (a) calculating, by the processor, a total number of leads generated by an agency based on user input received in one or more interactive fields of a second tab; (b) determining, by the processor, a total producer capacity, wherein the determining takes into account a monthly capacity per producer and a total number of producers based on the user input receive in the interactive fields of the first and second tabs; (c) determining, by the processor, a maximum number of leads, of the total number of leads generated, the agency is able to pursue by; comparing the total number of leads generated to the total producer capacity; responsive to determining that the total number of leads generated is greater than the total producer capacity, determining the maximum number of leads to be the total producer capacity; and responsive to determining that the total number of leads is not greater than the total producer capacity, determining the maximum number of leads to be the total number of leads generated by the agency; and (d) calculating and displaying, by the processor, a new business commission in at least one field of a second user display, the new business commission indicating a commission earned based on the maximum number of leads and a plurality of conversion factors, wherein the conversion factors comprise at least one of a quote ratio, a close ratio, average items per policy, average premiums per policy and a commission rate. - View Dependent Claims (11, 12, 13, 14)
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15. An apparatus comprising:
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a display; a processor; and memory storing computer readable instructions that, when executed by the processor, cause the apparatus to perform; generating an electronic, interactive roadmap interface comprising a plurality of selectable tabs, each of the tabs corresponding to a different step in an agency planning process; receiving a selection of a first tab of the selectable tabs; in response to the selection of the first tab, generating a first user input display comprising a plurality of interactive fields; receiving user input in one or more of the interactive fields; populating at least one field in a second user input display different from the first user input display, by obtaining the received user input from the one or more of the interactive fields of the first user input display; and determining a plurality of agency planning attributes based on the user input in the one or more of the interactive fields, the determining including; (a) a lead counting module calculating a total number of leads generated by an agency based on user input received in one or more interactive fields of a second tab; (b) a producer capacity module calculating a total producer capacity based on a monthly capacity per producer and a total number of producers based on the user input receive in the interactive fields of the first and second tabs; (c) a utilization module determining a maximum number of leads, of the total number of leads generated, the agency is able to pursue by; comparing the total number of leads generated to the total producer capacity; responsive to determining that the total number of leads generated is greater than the total producer capacity, determining the maximum number of leads to be the total producer capacity; and responsive to determining that the total number of leads is not greater than the total producer capacity, determining the maximum number of leads to be the total number of leads generated by the agency; and (d) a commission module calculate and cause a display of a new business commission in at least one field of a second user display, the new business commission indicating a commission earned based on the maximum number of leads the agency is able to pursue and a plurality of conversion factors, wherein the conversion factors, comprise a quote ratio, a close ratio, average items per policy, average premiums per policy and a commission rate. - View Dependent Claims (16, 17, 18)
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Specification