Method and system for generating insurance premium quotes by...

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Insurance

Reexamination Certificate

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Details

C705S002000, C705S035000, C705S038000

Reexamination Certificate

active

09795824

ABSTRACT:
A system and method for permitting a consumer to compare premium estimates form a plurality of insurance providers based on inputting conditions which affect the premium calculation a single time to a network such as the Internet. A user initiates a session by connecting his computer to an insurance comparison website provided by a service underwriter. The user inputs various conditions which might affect the premium for a desired insurance product. The user inputs condition data to condition input screen and sends the condition data to the service underwriter. The service underwriter converts the condition data into a form suitable for a standard interface and sends the formatted data to computers of one or more participating and user selected insurance companies or underwriters. A premium calculation engine at the computer for each insurance company calculates an estimated premium. This, and other pertinent insurance policy data, is displayed to the user.

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