Systems and methods for performing workflow
First Claim
1. A workflow system for processing an insurance application in an automated manner, the workflow system in the form of a tangibly embodied processing machine constituting a physical structure, the workflow system comprising:
- an interface portion tangibly disposed in the processing machine and constituting a physical structure, the interface portion inputting application information into the workflow system for processing by the workflow system;
a workflow looping portion tangibly disposed in the processing machine and constituting a physical structure, the workflow looping portion performing processing, the processing including, in sequence;
performing underwriting processing to effect underwriting of the insurance application based on the application information, the performing underwriting processing including;
monitoring the underwriting processing to determine whether the underwriting processing is completed, andforwarding the insurance application to perform issue processing subsequent to the determining that the underwriting processing is completed;
performing issue processing to effect issue of the insurance application, the performing issue processing including;
monitoring the issue processing to determine whether the issue processing is completed; and
forwarding the insurance application to perform settlement processing subsequent to the determining that the issue processing is completed; and
performing settlement processing to effect settlement of the insurance application, the performing settlement processing including;
monitoring the settlement processing to determine whether the issue processing is completed; and
a rules logic portion tangibly disposed in the processing machine and constituting a physical structure, the rules logic portion controlling the implementation of rules applied to the processing of the insurance application as the insurance application passes through the automated processing; and
wherein the performing underwriting processing, performing issue processing and performing settlement processing are each performed in an automated manner to constitute automated processing of the insurance application, such that the automated processing includes the performing underwriting processing, performing issue processing and performing settlement processing.
2 Assignments
0 Petitions
Accused Products
Abstract
The systems and methods of the invention provide a workflow system for processing a financial application in an automated manner. The workflow system may include an interface portion, the interface portion inputting application information into the workflow system for processing by the workflow system and a workflow looping portion. The workflow looping portion may include performing underwriting processing to effect underwriting of the application based on the application information, performing issue processing to effect issue of the application, and performing settlement processing to effect settlement of the application. A rules logic portion may be provided to control the implementation of rules applied to the processing of the application as the application passes through the automated processing. The performing underwriting processing, performing issue processing and performing settlement processing are each performed in an automated manner to constitute automated processing of the application, such that the automated processing includes the performing underwriting processing, performing issue processing and performing settlement processing.
184 Citations
38 Claims
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1. A workflow system for processing an insurance application in an automated manner, the workflow system in the form of a tangibly embodied processing machine constituting a physical structure, the workflow system comprising:
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an interface portion tangibly disposed in the processing machine and constituting a physical structure, the interface portion inputting application information into the workflow system for processing by the workflow system; a workflow looping portion tangibly disposed in the processing machine and constituting a physical structure, the workflow looping portion performing processing, the processing including, in sequence; performing underwriting processing to effect underwriting of the insurance application based on the application information, the performing underwriting processing including; monitoring the underwriting processing to determine whether the underwriting processing is completed, and forwarding the insurance application to perform issue processing subsequent to the determining that the underwriting processing is completed; performing issue processing to effect issue of the insurance application, the performing issue processing including; monitoring the issue processing to determine whether the issue processing is completed; and forwarding the insurance application to perform settlement processing subsequent to the determining that the issue processing is completed; and performing settlement processing to effect settlement of the insurance application, the performing settlement processing including; monitoring the settlement processing to determine whether the issue processing is completed; and a rules logic portion tangibly disposed in the processing machine and constituting a physical structure, the rules logic portion controlling the implementation of rules applied to the processing of the insurance application as the insurance application passes through the automated processing; and wherein the performing underwriting processing, performing issue processing and performing settlement processing are each performed in an automated manner to constitute automated processing of the insurance application, such that the automated processing includes the performing underwriting processing, performing issue processing and performing settlement processing. - 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)
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37. A non-transitory computer readable medium that processes an insurance application in an automated manner, the computer readable medium tangibly embodied in a processing machine constituting a physical structure, the computer readable medium comprising:
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an interface portion tangibly disposed in the processing machine and constituting a physical structure, the interface portion inputting application information into the work-flow system for processing by the workflow system; a workflow looping portion tangibly disposed in the processing machine and constituting a physical structure, the workflow looping portion including; performing underwriting processing to effect underwriting of the insurance application based on the application information, the performing underwriting processing including; monitoring the underwriting processing to determine whether the underwriting processing is completed, and forwarding the insurance application to perform issue processing subsequent to the determining that the underwriting processing is completed; performing issue processing to effect issue of the insurance application, the performing issue processing including; monitoring the issue processing to determine whether the issue processing is completed; and forwarding the insurance application to perform settlement processing subsequent to the determining that the issue processing is completed; and performing settlement processing to effect settlement of the insurance application, the performing settlement processing including; monitoring the settlement processing to determine whether the issue processing is completed; and a rules logic portion tangibly disposed in the processing machine and constituting a physical structure, the rules logic portion controlling the implementation of rules applied to the processing of the insurance application as the insurance application passes through the automated processing; and wherein the performing underwriting processing, performing issue processing and performing settlement processing are each performed in an automated manner by the computer readable medium to constitute automated processing of the insurance application, such that the automated processing includes the performing underwriting processing, performing issue processing and performing settlement processing.
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38. A method for processing an insurance application in an automated manner, the method implemented on a tangibly embodied physical processing machine constituting a physical structure, the method comprising:
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inputting, by the physical processing machine, application information into the workflow system for processing by the workflow system; effecting workflow looping processing, by the physical processing machine, the workflow looping processing including; performing underwriting processing to effect underwriting of the insurance application based on the application information, the performing underwriting processing including; monitoring the underwriting processing to determine whether the underwriting processing is completed, and forwarding the insurance application to perform issue processing subsequent to the determining that the underwriting processing is completed; performing issue processing to effect issue of the insurance application, the performing issue processing including; monitoring the issue processing to determine whether the issue processing is completed; and forwarding the insurance application to perform settlement processing subsequent to the determining that the issue processing is completed; and performing settlement processing to effect settlement of the insurance application, the performing settlement processing including; monitoring the settlement processing to determine whether the issue processing is completed; and controlling, by the physical processing machine, the implementation of rules applied to the processing of the insurance application as the insurance application passes through the automated processing, the rules controlling processing of the insurance application; and wherein the performing underwriting processing, performing issue processing and performing settlement processing are each performed in an automated manner to constitute automated processing of the insurance application, such that the automated processing includes the performing underwriting processing, performing issue processing and performing settlement processing.
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Specification