CPC G06Q 40/08 (2013.01) [G06F 16/2465 (2019.01)] | 16 Claims |
1. A system to improve processing associated with an automated dynamic rating application, comprising:
a communication device to receive, from a remote device via a communication network, single input information provided at the remote device including information associated with a business including a quote request for insurance coverage for the business, and to transmit the single input information to a plurality of platforms, thereby reducing errors in input information;
a first computing platform coupled to the communication device, including:
a first processor coupled to the communication device; and
a first storage device in communication with the first processor and storing instructions defining an automated dynamic rating application and adapted to be executed by the first processor to:
receive, via the communication device, the single input information provided at the remote device;
query a rating database using at least a first relevant coverage formula and the single input information, the query resulting in at least a first price for at least a first applicable insurance coverage for the business; and
a second computing platform coupled to the communication device, operating in parallel with the first computing platform, including:
a second processor;
a second storage device in communication with the second processor and storing instructions adapted to be executed by the second processor to:
receive, via the communication device, the single input information provided at the remote device;
determine, using the single input information and at least one product feature, a professional liability premium value,
wherein the second computing platform is configured to process the single input information in parallel with the first computing platform, thereby providing an expedited response to the single input information;
wherein the system is configured to generate and provide to the remote device, in response to the single input information, a single graphical user interface display showing results from the first and second platforms, including a price of coverage corresponding to the at least first price and the professional liability premium value.
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