US 8,019,644 B2 · System and method for automated processing of new products and services

Abstract

A method and apparatus are provided for automatically preparing a client communication pertaining to a financial product for a client, wherein the client communication is for combined use with a corresponding host vehicle. The method comprises providing a format for the client communication wherein the communication format includes a variable portion; inputting into a computer-accessible storage medium variable information other than a client identification; inputting into the storage medium decision information; and using the decision information to select a subset of the variable information for inclusion in a variable portion of the client communication corresponding to the variable portion of the client communication format. The apparatus comprises an inputting device for inputting into a computer-accessible storage medium variable information comprising other than a client identification and decision information; a processor operatively coupled to the storage medium for using the decision information to automatically select a subset of the variable information for each of the clients; and an output preparing component in operative communication with the processor for preparing the client communications and for automatically inserting into the client communication the subset of variable information for the corresponding and respective client.

Claims39

Dependent claims

A method for controlling processing operations relating to a financial product or service by one or more computing systems associated with one or more databases, comprising the steps of:

automatically receiving sales related data for financial products or services for one or more clients from a system user and operating data;
creating a client record associated with a specific client of the one or more clients in one or more databases;
generating task lists comprising task data including requirements determined by the system for fulfillment including at least submission materials for a specific client toward obtaining the financial product or service;
monitoring completion of at least certain of the task lists by the one or more computing systems;
executing the task lists to obtain the necessary data to be incorporated in or with the submission materials for each specific client;
providing that data in or with the submission materials to a provider of the financial product or service;
qualifying the submission materials for a financial product or service by the specific client;
generating a manifestation of the financial product or service specific to each client;
and
delivering the financial product or service to the specific client.

7 more elements

A method for controlling processing operations relating to insurance sales by one or more computing systems associated with one or more databases, comprising the steps of:

Automatically receiving one of insurance sales results, application data for insurance products or services from a user and a software program;
automatically inputting the sales results from one or more clients associated with one or more insurance sales programs;
Creating a client record associated with a specific client in one or more databases;
generating task lists comprising task data including requirements determined by the system for fulfillment including at least submission materials for a specific client toward obtaining the insurance from one or more insurers;
monitoring completion of at least certain of the task lists by one or more computing systems;
automatically providing data related to the submission materials comprising a specific client's insurance sales results to the one or more insurers;
and
underwriting the insurance, wherein if the specific client is approved by the one or more insurers, issuing an insurance policy for the specific client, placing the insurance policy with the one or more insurers;
and delivering the insurance policy to the specific client.

6 more elements

A financial product and service sales processing system for processing sales activity resulting from one or more sales programs, said system comprising:

communications means for receiving sales related data for financial products or services;
means for inputting the sales related data from one or more clients coupled with the communication means;
one or more databases coupled to the means for inputting for creating client records;
means for generating task lists comprising task data including any requirements determined by the system for fulfillment including at least submission materials for a specific client toward obtaining the financial product or service coupled to the one or more databases;
means for monitoring completion of at least certain of the tasks coupled to the one or more databases;
mean for executing the task lists to obtain the necessary data to be incorporated in the submission materials for each specific client;
interface means coupled to the communication means for transmitting and receiving data related to the submission materials related data;
means for qualifying the submission materials for a financial product or service by the specific client;
generating a manifestation of the financial product or service specific to each client;
and
means for delivering the financial product or service to the specific client coupled to the communications means and the one or more databases.

8 more elements

Dependencies are inferred from the claim text.

System and method for automated processing of new products and services

Life of this patent

System and method for automated processing of new products and services

Life of this patent

Abstract

Claims39