KR20000054067A - Business Model of Insurance Contract Renewal through Internet - Google Patents

Abstract

PURPOSE: A business model for renewing insurance contract using internet is provided to simplify the business management of an insurer and insurant by informing the customer of several information requested for insurance contract renewal and by managing insurance contract renewal or not using internet. CONSTITUTION: A business model for renewing insurance contract using internet is composed the steps of;calculating the premium using customer information stored at database;transmitting the premium to customer using E-mail or mobile phone;selecting insurance contract renewal or not, insurance company and settlement method;transmitting the selected result to the database of insurer;informing the customer of the renewal of contract;and transmitting the receipt or insurance policy to the customer.

Description

Business Model of Insurance Contract Renewal through Internet}

The conventional technology is a method in which an insurance agent renews a contract by sending a contract to a customer by mail, a facsimile transmitter, a telephone, a visit, etc.

This method utilizes the insurance subscription information of the customer already stored in the database of the "insurance seller" and informs the customer of various information necessary for the renewal of the insurance contract through the wired / wireless Internet e-mail / text message information. If the customer makes a selection and sends it to the "insurer", the contract is renewed.

The information the insurer tells the customer is: "What is your insurance's expiration date, how many years and years, how much is premium for each insurer, how many insurance companies you want to join, and how many times you want an individual Select and select the code a few times if you do not want to update. "

If the customer presses the number that they want to renew, the contract has been renewed, and the payment method such as credit card or inter-bank transfer, electronic money is displayed.

In the drawing, the "insurers" calculate the premium to be renewed by using the customer's information stored in its database, and send the contents to the customer's e-mail, wireless Internet, or mobile communication device to renew the contract. When the customer selects the renewal and asks for renewal, the contract renewal is established.

The customer receives information on the type of insurance to be renewed, the expiration date, the premium of a specific insurance company or the insurance premium of various insurance companies, selects whether to renew the contract and the insurance company to join, and inputs the information on the terminal The contract is renewed via the insurance company's Internet server and the result is notified to the customer again by e-mail.

"Insurer" searches for a list of customers whose information is stored in their database that is about to expire.

Insurance premiums are calculated using information to calculate insurance premiums such as insurance type, age, accident, career, compensation limit, vehicle value, and various special conditions.

Through your e-mail or mobile device, you will be informed of the type of insurance you are about to expire, the expiration date, and the premium.

If you can sell insurance from multiple companies, such as an insurance broker, you will be notified of the premiums for each company and allow you to choose a specific company.

If renewal is desired, enter the desired insurance company number and its contents are entered into the database of "insurer" and the contract is concluded.

You will be notified that the agreement has been signed by your e-mail or text message on your mobile communication, and you will be prompted to select a payment method.

Payment of insurance premiums can be done by credit card, electronic money, interbank transfer, etc. If you choose a payment method and enter the corresponding number, the contract will be renewed and all procedures will be terminated. Subsequently, the receipt or receipt of insurance policy will be sent by electronic document.

Previously, in order to renew an insurance contract, an invitation was made through the Internet, a facsimile transmitter, or a telephone, and accordingly, the contract was renewed only by filling out a subscription form on paper and sending it to the customer for signature.

However, customers who want to renew their contract already have a variety of information for insurance contract renewal in their database, so they don't need to check it again. If the customer chooses to choose the option, the e-signature is made and the entire renewal process is easy.

In this way, it took more than 10 minutes before the contract renewal procedure was completed with only two or three button operations, greatly simplifying the work process, which is convenient for insurance companies and customers.

Claims (3)

The insurance sales company calculates the renewal premium and sends it to the customer: The insurance company calculates the premium using the customer information stored in the database and notifies the customer by e-mail or mobile communication device so that the customer can select whether to renew the contract, the insurance company, and the payment method. The steps for the customer to select whether to renew the contract, the insurance company, and the payment method: The customer selects whether to renew the contract, the insurance company, and the payment method, and sends it to the insurance seller's database. The insurance seller notifies the customer that the contract has been renewed and the contract renewal has been completed: The customer is notified that the contract has been renewed and a receipt or insurance policy is sent to the customer in electronic form.