Patent ID: 8843409

Claim:
A method for policy event management, comprising: receiving, by a data processing system of a broker, an electronic communication from an insurance provider of an event related to a policy of a consumer serviced by the insurance provider; responsive to receiving the electronic communication, automatically determining, by the data processing system, whether the event meets at least one event criterion monitored by the data processing system of the broker; and responsive to determining that the event corresponds to at least one event criterion monitored by the broker, automatically initiating, by the data processing system, an action related to the event; and wherein the event comprises a change in a policy premium; and wherein the at least one event criterion comprises the change in the policy premium exceeding a predetermined threshold, and further comprising, responsive to determining that the change in the policy premium exceeds the predetermined threshold, the action comprises automatically transmitting an electronic request for an insurance quote to at least one other insurance provider on behalf of the consumer.