SYSTEM AND METHOD FOR RENDERING DYNAMIC INSURANCE QUOTE INTERFACE

• US 20130317860A1
• Filed: 05/24/2012
• Published: 11/28/2013
• Est. Priority Date: 05/24/2012
• Status: Active Grant

• Current Assignee: Hartford Fire Insurance Company (The Hartford Financial Services Group, Inc.)
• Original Assignee: Hartford Fire Insurance Company (The Hartford Financial Services Group, Inc.)
• Inventors: Schumann, Douglas D. Jr.
• Granted Patent: US 8,799,125 B2
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

An insurance quotation management system for administering and managing insurance quotations through a graphical user interface. The system is configured to interface with third party data to provide insurance quotations based on input from a predictive model and data which may include social network information. The user interface permits the user to provide all inputs required to complete an application for insurance without the use of keyboard based input to provide a simplified user experience through a smart phone or other touch screen device.

Claims

1. A system for administering dynamic insurance quotations comprising:

one or more processors;

a memory device coupled to the one or more processors;

and one or more computerized programs, wherein the one or more computerized programs are stored in the memory device and configured to be executed by the one or more processors, the one or more computerized programs including instructions for;

displaying an input display of an insurance quote application interface on a user device,

detecting one or more user selectable inputs in the application interface, wherein the user selectable inputs do not require keyboard-type information entry and include a plurality of option selections, each respective option selection representative of insurance quotation specific information pertaining to the user, and in response to detecting user selections, initiating one or more user device and/or third party information requests;

receiving data in response to the one or more user device and/or third party information requests; and

outputting an insurance quotation based on the information conveyed via the option selections without requiring keyboard-type information entry on behalf of the user, wherein the quotation is also at least based in part on the data received in response to the one or more user device and/or third party information requests.

2. The system of claim 1, wherein the one or more computerized programs further include instructions for interfacing with a predictive model to access third party data.

3. The system of claim 1, wherein the quotation is related to an insurance renewal and is also at least based in part on historical insurance information related to the user.

4. The system of claim 1, wherein the one or more computerized programs further include instructions for using multiple third party data sources including two or more social networks.

5. The system of claim 4, wherein the social network information relates to one of the user'"'"'s driving habits, risk profile and driving history.

6. The system of claim 4, wherein the social network information includes data related to a type of automobile.

7. The system of claim 1, wherein the one or more computerized programs further include instructions for accessing municipal third party data.

8. The system of claim 7, wherein the municipal third party data is department of motor vehicle data.

9. The system of claim 1, wherein the one or more computerized programs further include instructions for accessing user device data.

10. The system of claim 9, wherein the user device data relates to the identity and location of the user.

11. The system of claim 10, wherein the user device data relates to a home address of the user.

12. The system of claim 1, wherein, initiating one or more user device and/or third party information requests comprises requesting information from one or more social networking websites.

21. The system of claim 1, wherein the user selectable inputs comprise one or more of radio buttons, clickboxes and checkboxes.

13. A computer system for calculating real time insurance quotations without requiring keyboard data entry, comprising:

a processor; and

a memory storage device in communication with the processor;

the processor configured to;

interrogate a user device for identifying information;

transmit the identifying information via a communications network to an insurance operated web server;

display a graphical user interface on the user device to solicit input from a user of the user device, wherein the graphical user interface requires no keyboard-type information entry from the user;

receive information via the communications network from the user'"'"'s input via the graphical user interface, the user'"'"'s input not including keyboard-type information entry; and

determine, based on the received information, whether additional information is required to provide the insurance quotation, and responsive to determining that additional information is needed, initiate and transmit a third party information request;

receive, responsive to the third party information request, third party information; and

determine a binding insurance quotation for the applicant based on the identifying information, the information from the user'"'"'s input via the graphical user interface, not including keyboard-type information entry, and the received third party information.

14. The system of claim 13, wherein the processor is further configured to interface with a predictive model that includes one or more of a neural network, a Bayesian network, and an expert system.

15. The system of claim 13, wherein the processor is further configured to use social network information related to driving habits of an applicant for insurance.

16. The system of claim 15, wherein the social network information relates to one of the applicant'"'"'s driving habits, risk profile and driving history.

17. The system of claim 13, wherein the insurance quotation contains instructions for accessing an electronic insurance identification card.

18. The system of claim 13, wherein the processor is further configured to access third party motor vehicle data related to an applicant for insurance.

19. A computer-implemented method for administering insurance quotations via a selectable input based graphical user interface, comprising:

receiving by one or more computer processors, via a communications interface, device and/or third party driving data related to a user;

storing, by the one or more computer processors in via a data storage device, the device and/or third party driving data related to the user;

providing by the one or more computer processors the selectable input graphical user interface, the interface including a series of user selectable inputs, each input related to the device and/or third party driving data related to the user and not requiring user keyboard-type information entry;

receiving by the one or more computer processors, via the communications interface, user selected inputs from the selectable input graphical user interface;

storing by the one or more computer processors, in a data storage device, the received user selected inputs;

determining, by the one or more computer processors, insurance quotation information for the user based on the user selected inputs and the device and/or third party driving data; and

outputting by the one or more computer processors an electronic insurance confirmation to the user.

20. (canceled)