Patent ID: 8566125

Claim:
A workflow system for processing an insurance application in an automated manner, the workflow system in the form of a tangibly embodied processing machine constituting a physical structure, the workflow system comprising: an interface portion tangibly disposed in the processing machine and constituting a physical structure, the interface portion inputting application information into the workflow system for processing by the workflow system; a workflow looping portion tangibly disposed in the processing machine and constituting a physical structure, the workflow looping portion performing processing, the processing including, in sequence: performing underwriting processing to effect underwriting of the insurance application based on the application information, the performing underwriting processing including: monitoring the underwriting processing to determine whether the underwriting processing is completed, and forwarding the insurance application to perform issue processing subsequent to the determining that the underwriting processing is completed; performing issue processing to effect issue of the insurance application, the performing issue processing including: monitoring the issue processing to determine whether the issue processing is completed; and forwarding the insurance application to perform settlement processing subsequent to the determining that the issue processing is completed; and performing settlement processing to effect settlement of the insurance application, the performing settlement processing including: monitoring the settlement processing to determine whether the issue processing is completed; and a rules logic portion tangibly disposed in the processing machine and constituting a physical structure, the rules logic portion controlling the implementation of rules applied to the processing of the insurance application as the insurance application passes through the automated processing; and wherein the performing underwriting processing, performing issue processing and performing settlement processing are each performed in an automated manner to constitute automated processing of the insurance application, such that the automated processing includes the performing underwriting processing, performing issue processing and performing settlement processing.