SYSTEM FOR IMPROVED NETWORK DATA PROCESSING

摘要

Systems, methods, apparatus, computer program code and means to improve dynamic data processing associated with one or more automated rating applications are provided. In some embodiments, an apparatus may include a communication device to receive a business type and a business location. The apparatus may also include a business owner's policy coverage or standalone general liability coverage platform to query a rating database, the query resulting in at least a first price for an entity. The apparatus may further include a professional liability coverage platform operating in parallel with a business owner's platform.

主权项

1. An apparatus to improve processing associated with automated dynamic rating application, comprising:
a communication device to receive, from a remote device via a communication network, information associated with a business including a quote request specifying a business type and a business location; a business owner's policy coverage or standalone general liability coverage platform coupled to the communication device, including:
a first processor coupled to the communication device; anda first storage device in communication with the first processor and storing instructions adapted to be executed by the processor to:
identify at least a first applicable business owner's policy coverage or standalone general liability coverage,based on the at least a first applicable business owner's policy coverage or standalone general liability coverage, identify at least a first relevant coverage formula including at least a first territory factor, the at least a first territory factor based on a geographical location of the business, andquery a rating database using the at least a first relevant coverage formula, the business type and the business location, the query resulting in at least a first price for the at least first applicable business owner's policy coverage or standalone general liability coverage; and a professional liability coverage platform coupled to the communication device, operating in parallel with the business owner's policy coverage or standalone general liability coverage platform, including:
a second processor;a second storage device in communication with the second processor and storing instructions adapted to be executed by the processor to:
based on the business type, modify a base professional liability form with at least one product feature, andquery a professional liability rating database using the business type, business location, and the at least one product feature, the query resulting in a professional liability premium value, wherein the apparatus is to transmit a response to the quote request, the response including the at least a first price, the at least first applicable coverage, and the professional liability premium value.