Managing an insurance product with an insurance value chain
AssigneeQuanis Licensing Limited
InventorsMichael Concannon, John Anthony Levin
Life of this patent
Estimating the term…
Abstract
A method of managing an insurance value chain is disclosed. A specification of an insurance policy having a set of attributes is received. Sets of values corresponding to the set of attributes are received. The sets of values are derived from negotiations with stake holders of an insurance value chain. Versions of the insurance policy are generated. Each of the versions of the insurance policy corresponds to a unique one of the sets of values. An aggregation of information regarding the versions of the insurance policy is presented via a user interface of an insurance value chain application.
Claims18
A method comprising:
- receiving a specification of an insurance policy having a set of attributes;
- receiving sets of values corresponding to the set of attributes, the sets of values derived from negotiations with stakeholders of an insurance value chain;
- generating versions of the insurance policy, each of the versions of the insurance policy corresponding to a unique one of the sets of values;
- aggregating information regarding the versions of the insurance policy, the aggregating including identifying relative favorabilities of terms received by the stakeholders within the insurance value chain;
- and
- generating a suggestion of one of the versions of the insurance policies to offer to a potential distributor based on the aggregating of the information, the generating of the suggestion being performed by one or more computer processors.
A system comprising:
- one or more modules implemented by one or more processors, the one or more modules configured to:
- receive a specification of an insurance policy having a set of attributes;
- receive sets of values corresponding to the set of attributes, the sets of values derived from negotiations with stakeholders of an insurance value chain;
- generate versions of the insurance policy, each of the versions of the insurance policy corresponding to a unique one of the sets of values;
- aggregate information regarding the versions of the insurance policy, the aggregating including identifying relative favorabilities of terms received by the stakeholders within the insurance value chain;
- and
- generating a suggestion of one of the version of the insurance policies to offer to a potential distributor based on the aggregating of the information.
A non-transitory machine readable medium embodying a set of instructions that, when executed by a processor, cause the processor to perform operations comprising:
- receiving a specification of an insurance policy having a set of attributes;
- receiving sets of values corresponding to the set of attributes, the sets of values derived from negotiations with stakeholders of an insurance value chain;
- generating versions of the insurance policy, each of the versions of the insurance policy corresponding to a unique one of the sets of values;
- aggregating information regarding the versions of the insurance policy aggregating including identifying relative favorabilities of terms received by the stakeholders within the insurance value chain;
- and
- generating a suggestion of one of the versions of the insurance policies to offer to a potential distributor based on the aggregating of the information.
Dependencies are inferred from the claim text.