Patent ID: 8494882

Claim:
A method for analyzing insurance coverage disparities, the method comprising: providing a processor; providing a memory coupled to the processor and including data related to a plurality of claims; generating a claim scenario based on claim scenario parameters selected by a user, using the processor and the data related to the plurality of claims, wherein: the claim scenario is representative of peer claim data; and the claim scenario includes monetary amounts for damage to property and injury to a person; and computing, using the processor and the claim scenario, a coverage disparity between at least one of: a coverage limit of a policy associated with damage to property and the monetary amount for damage to the property; or a coverage limit of the policy associated with injury to the person and the monetary amount for the injury to the person; identify a peer group of policy holders based on characteristics of the user using the processor; transmitting information for display, within a user interface, the coverage disparity; and transmitting information for display, within the user interface, a coverage disparity for the peer group under the claim scenario.