Patent ID: 8543430

Claim:
A computer system configured to provide peer group insurance policy information relative to a prospective insurance customer based on a subset of prospective insurance customer policy criteria to promote disclosure of complete prospective insurance customer policy criteria, the computer system comprising: a computer memory comprising a database of existing insurance policy information, the existing insurance policy information being segmented into multiple customer segments based on insurance policy criteria selected from: an age of an insured, a gender of the insured, a type of property insured, details regarding the property insured, a presence of alarms associated with the property insured, and a number of accidents, citations received by the insured, or claims filed by the insured within a specified timeframe; wherein the database stores representative information regarding customer segment comprising at least one statistic relating to: the dollar value of insurance premiums paid by customers in that segment, coverages elected by customers in that segment limits elected by customers in that segment, deductibles elected by customers in that segment, and other products owned by customers in that segment; a computer clustering module of customer segmentations of the existing insurance policy information in the computer memory; a computer scoring and premium estimation model; a real-time function execution module; and a user interface device; wherein a subset of prospective insurance customer policy criteria is communicated through the user interface device to the real-time function execution module; wherein the computer scoring and premium estimation model uses the subset of prospective insurance customer policy criteria and the customer segmentations of the existing insurance policy information in the computer memory to determine peer group policy information; wherein the peer group policy information is communicated from the real-time function execution module through the user interface device; and wherein the peer group policy information promotes disclosure of complete prospective insurance customer policy criteria to obtain an insurance policy quote.