Patent ID: 7983938

Claim:
A system comprising: a processor; a data bus coupled to the processor; and a non-transitory computer-usable medium embodying computer program code, the non-transitory computer-usable medium being coupled to the data bus, the computer program code for modeling competitive insurance coverage and comprising instructions executable by the processor and configured for: transmitting information to display a first insurance policy having a first premium within a user interface, wherein said first insurance policy comprises a first plurality of coverage parameters and a first plurality of pricing data; generating a claim scenario from a plurality of claim data in response to selecting a plurality of claim scenario parameters; using said claim scenario and said first plurality of coverage parameters to generate a first set of coverage parameter disparities; modifying said first plurality of coverage parameters to offset said first set of coverage parameter disparities, thereby generating a second plurality of coverage parameters having a second premium; transmitting information to display said second plurality of coverage parameters and said second premium; and transmitting information to display a second insurance policy having a third premium within said user interface, wherein said second insurance policy comprises a third plurality of coverage parameters equivalent to said second plurality of coverage parameters, and a third premium.