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US 2007/0185743 A1Published application
System for automated insurance underwriting
OwnerJill Jinksinventor
Life of this patent
Estimating the term…
Abstract
There is disclosed a system that enables an efficient and flexible way to provide automated rating and underwriting based on a specific set of rules. The system includes a software running on a centralized or distributed computing system and accessing different databases. The software system can be access by insurance carriers and their agents located in one single location or distributed geographically.
Claims10
A system for improving insurance quoting and underwriting, the system interfacing with a remote server, the system comprising:
- a policy administration module for implementing core policies and client customization and outputting a client policy;
- a billing module for generating a bill to each client according to the client policy;
- a claims module for processing claims according to core claims features, the claims module further being capable of customizing according to each individual client policy;
- and
- an interface module for sending and receiving information from the remote server.
2 more elements
A method for improving insurance quoting and underwriting, the method comprising the steps of:
- receiving customer information;
- customizing customer information according to core policies;
- outputting a client policy;
- and
- generating a bill according to the client policy.
2 more elements
Dependencies are inferred from the claim text.