Insurance marketing methods
First Claim
1. A method of purchasing and selling insurance including:
- receiving, at a server computer and over a network from a client computer associated with a user having a prior insurance policy with a prior insurance company, information regarding property owned by the user;
receiving, from a first insurance company, a quote for insurance of the property;
receiving, at the server computer, estimated quotations for insurance of the property from other insurance companies;
transmitting, from the server computer and to the client computer, the quote for the insurance from the first insurance company and the estimated quotations from the other insurance companies, the quote for the insurance from the first insurance company and the estimated quotations from the other insurance companies presented on a server website associated with the server computer, the server website providing a first user session for the user;
receiving, at the server computer and through the server website, a request to purchase the insurance from the first insurance company, the request to purchase including credit information for the user and at least one user specified policy term distinct from a quoted policy term;
generating, by the server computer and in response to the receiving of the request to purchase the insurance from the first insurance company, an electronic prior policy cancellation letter to the prior insurance company for the prior insurance policy;
sending, electronically from the server computer to the prior insurance company, the prior policy cancellation letter with a digital signature from the client computer and an authorization by the user to apply a user balance from the prior insurance company to the insurance from the first insurance company;
storing, in a database, user data associated with a server transaction identifier, the user data obtained from the first user session;
transmitting, by the server computer and in response to the receiving of the request to purchase the insurance from the first insurance company, an instruction to generate a second user session, the second user session provided by a first insurance company web site hosted by a first insurance company server associated with the first insurance company and having a first insurance company transaction identifier, the second user session being generated based on the user data stored in the database;
receiving, at the server computer and from the first insurance company server, a confirmation of the second user session being generated;
redirecting, in response to the receiving of the confirmation, the user from the server website to the first insurance company website associated with the first insurance company, the redirecting performed by mapping the server transaction identifier to the first insurance company transaction identifier;
initiating with the first insurance company, in response to receipt of an indication that the prior policy cancellation letter has been received by the prior insurance company, new insurance coverage for the user; and
arranging for the user balance to be sent from the prior insurance company to the first insurance company, the arranging in response to the user balance being available.
2 Assignments
0 Petitions
Accused Products
Abstract
A method of purchasing and selling insurance includes transmitting property information, having the property information analyzed, modifying at least one quotation calculation underwriting rule based on the analysis of the information, creating an insurance pricing model based on the modified underwriting rule, transmitting and receiving the insurance quote, and purchasing insurance via computer. A method for modifying insurance coverage including transmitting property information and existing policy information to a first insurance provider, generating a document directed to a second insurance provider authorizing cancellation of the existing insurance policy and directing the second insurance provider to remit a refund payment.
23 Citations
23 Claims
-
1. A method of purchasing and selling insurance including:
-
receiving, at a server computer and over a network from a client computer associated with a user having a prior insurance policy with a prior insurance company, information regarding property owned by the user; receiving, from a first insurance company, a quote for insurance of the property; receiving, at the server computer, estimated quotations for insurance of the property from other insurance companies; transmitting, from the server computer and to the client computer, the quote for the insurance from the first insurance company and the estimated quotations from the other insurance companies, the quote for the insurance from the first insurance company and the estimated quotations from the other insurance companies presented on a server website associated with the server computer, the server website providing a first user session for the user; receiving, at the server computer and through the server website, a request to purchase the insurance from the first insurance company, the request to purchase including credit information for the user and at least one user specified policy term distinct from a quoted policy term; generating, by the server computer and in response to the receiving of the request to purchase the insurance from the first insurance company, an electronic prior policy cancellation letter to the prior insurance company for the prior insurance policy; sending, electronically from the server computer to the prior insurance company, the prior policy cancellation letter with a digital signature from the client computer and an authorization by the user to apply a user balance from the prior insurance company to the insurance from the first insurance company; storing, in a database, user data associated with a server transaction identifier, the user data obtained from the first user session; transmitting, by the server computer and in response to the receiving of the request to purchase the insurance from the first insurance company, an instruction to generate a second user session, the second user session provided by a first insurance company web site hosted by a first insurance company server associated with the first insurance company and having a first insurance company transaction identifier, the second user session being generated based on the user data stored in the database; receiving, at the server computer and from the first insurance company server, a confirmation of the second user session being generated; redirecting, in response to the receiving of the confirmation, the user from the server website to the first insurance company website associated with the first insurance company, the redirecting performed by mapping the server transaction identifier to the first insurance company transaction identifier; initiating with the first insurance company, in response to receipt of an indication that the prior policy cancellation letter has been received by the prior insurance company, new insurance coverage for the user; and arranging for the user balance to be sent from the prior insurance company to the first insurance company, the arranging in response to the user balance being available. - 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. A method comprising:
-
receiving, at a server computer over a network and from a client computer, information regarding property owned by the user, the client computing associated with a user having a prior insurance policy with a prior insurance company; preparing a quote for insurance of the property provided by a first insurance company; generating, at the server computer, estimated quotations for insurance of the property, the estimated quotations including at least one quote from other insurance companies; transmitting, from the server computer and to the client computer, the quote for the insurance provided by the first insurance company and the estimated quotations, the quote for the insurance provided by the first insurance company and the estimated quotations presented on a server website associated with the server computer, the server website providing a first user session for the user; receiving, at the server computer and through the server website, a request to purchase the insurance provided by the first insurance company, the request to purchase including credit information for the user and at least one user specified policy term distinct from a quoted policy term; receiving, electronically at the server computer and from the client computer, an authorization to cancel the prior insurance policy with the prior insurance company, the authorization including permission to receive, by the first insurance company, a balance transfer from the prior insurance company and the authorization including a digital signature of the user; storing, in a database, user data associated with a server transaction identifier, the user data obtained from the first user session; transmitting, by the server computer and in response to the receiving of the request to purchase the insurance provided by the first insurance company, an instruction to generate a second user session, the second user session provided by a first insurance company website hosted by a first insurance company server associated with the first insurance company and having a first insurance company transaction identifier, the generating based on the user data stored in the database; receiving, at the server computer and from the first insurance company server, a confirmation of the second user session being generated; redirecting, in response to the receiving of the confirmation, the user from the server website to the first insurance company website associated with the first insurance company, the redirecting performed by mapping the server transaction identifier to the first insurance company transaction identifier; initiating with the first insurance company, in response to receipt of an indication that a prior policy cancellation request has been received by the prior insurance company, new insurance coverage for the user.
-
Specification