Policy management system and method
AssigneeWebcetera, L.P.
InventorsNagaraj V. Rao, Braden P. Polansky
Life of this patent
Estimating the term…
Abstract
A policy management system includes an analysis module executable by a processor, the analysis module configured to identify risk factors associated with a policy of insurance offered by an insurance provider for a risk, the analysis module configured to apply weighted values to the identified risk factors, and wherein the analysis module is configured to combine the applied weighted values to determine whether the risk should be marketed to another insurance provider.
Claims20
A policy management system, comprising:
- a processor;
- and
- an analysis module executable by the processor, the analysis module configured to identify risk factors associated with a policy of insurance offered by an insurance provider for a risk, the analysis module configured to apply weighted values to the identified risk factors, and wherein the analysis module is configured to combine the applied weighted values to determine whether the risk should be marketed to another insurance provider.
A policy management method, comprising:
- interfacing with a data processing system of an insurance provider to obtain an offer of a policy of insurance for a risk;
- identifying, by an analysis module of a policy management system, risk factors associated with the risk;
- applying, by the analysis module, weighted values to the identified risk factors;
- and
- combining, by the analysis module, the applied weighted values to determine whether the risk should be marketed to another insurance provider.
A computer program product for policy management, the computer program product comprising a computer readable storage medium having program instructions embodied therewith, the program instructions executable by a processor to cause the processor to:
- interface with a data processing system of an insurance provider to obtain an offer of a policy of insurance for a risk;
- identify risk factors associated with the risk;
- apply weighted values to the identified risk factors;
- and
- combine the applied weighted values to determine whether the risk should be marketed to another insurance provider.
Dependencies are inferred from the claim text.