System and method for computerized insurance rating
First Claim
1. An adaptive system for rating possible insurance risk comprising:
- a user interface in electronic communication with a user computer for receiving risk information, said user interface in communication with a legacy computer system;
a web service in electronic communication with said legacy computer system for receiving said risk information, wherein said web service also being provided for transmitting rating information to said legacy computer system; and
a calculation engine comprised at least in part of one or more dynamic business logic rating spreadsheets in electronic communication with said web service for calculating said rating information;
said calculation engine transmitting said rating information to said web service, and said legacy system parsing said rating information for display on said user interface.
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Accused Products
Abstract
The invention relates generally to a computer system and method for integrating insurance policy underwriting. In one aspect, it integrates an older legacy insurance policy generating system to on-line rating systems where users access the system through browsers. The computer system to perform the process of dynamically rating includes generating an input XML file of risk information that is sent to a web service and calculated in a calculation engine. The processed data is retrieved by the web service and transmitted as an XML file to a user interface that parses the rating information and displays the data.
11 Citations
19 Claims
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1. An adaptive system for rating possible insurance risk comprising:
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a user interface in electronic communication with a user computer for receiving risk information, said user interface in communication with a legacy computer system; a web service in electronic communication with said legacy computer system for receiving said risk information, wherein said web service also being provided for transmitting rating information to said legacy computer system; and a calculation engine comprised at least in part of one or more dynamic business logic rating spreadsheets in electronic communication with said web service for calculating said rating information;
said calculation engine transmitting said rating information to said web service, and said legacy system parsing said rating information for display on said user interface. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A computer implemented method for rating possible insurance risk, comprising the steps of:
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receiving, via a user interface in electronic communication with a user computer, insurance risk information, wherein the user interface is in communication with a legacy computer system; receiving, via a web service in electronic communication with the legacy computer system, the insurance risk information; calculating, via a calculation engine in electronic communication with the web service, rating information; transmitting, via the web service, rating information to the legacy computer system; parsing, via the legacy computer system, the transmitted rating information; and displaying, via the user interface, the rating information to the user. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17, 18)
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19. A system for rating possible insurance risk comprising:
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a user interface in electronic communication with a user computer for receiving risk information, said user interface in communication with a legacy computer system; a web service in electronic communication with said legacy computer system for receiving said risk information, wherein said web service also being provided for transmitting rating information to said legacy computer system; a calculation engine in electronic communication with said web service for calculating said rating information; a data repository in communication with said calculation engine for storing calculations for rating spreadsheets, wherein said rating spreadsheets are provided to said calculation engine, and wherein said calculation engine transmits said rating information to said web service, and said legacy system parses said rating information for display on said user interface.
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Specification