Patent ID: 7945497

Claim:
A system for processing an insurance request comprising: a user interface for accepting data related to an insurance request from a user; a business logic processor configured to process the accepted data to i) determine a recommended set of policy parameters for an insured, and ii) output the recommended set of policy parameters to the user via the user interface, wherein the business logic processor comprises: a computerized coverage recommendation predictive model which is configured to determine and output a policy parameter recommendation based on the accepted data; a computerized pricing predictive model which is configured to receive the policy parameter recommendation as an input, determine a price corresponding to an insurance policy including the received policy parameter recommendation based on the accepted data, and output the determined price into the coverage recommendation predictive model; wherein the coverage recommendation predictive model is further configured to determine and output an updated policy parameter recommendation based on the price output by the pricing predictive model, the accepted data, and a previously output policy parameter recommendation.