Managing an insurance product with an insurance value chain

Abstract

A method of managing an insurance value chain is disclosed. A specification of an insurance policy having a set of attributes is received. Sets of values corresponding to the set of attributes are received. The sets of values are derived from negotiations with stake holders of an insurance value chain. Versions of the insurance policy are generated. Each of the versions of the insurance policy corresponds to a unique one of the sets of values. An aggregation of information regarding the versions of the insurance policy is presented via a user interface of an insurance value chain application.

1 . (canceled) 
     
     
         2 . A method comprising:
 generating a plurality of value chains corresponding to a plurality of insurance products, the generating of the plurality of value chains including, for each value chain, creating a logical entity stored in a memory of a networked computer system, the logical entity including sets of data items corresponding to each of a set of stakeholders associated with the value chain;   generating a plurality of versions of at least one of the plurality of insurance products for at least one of the set of stakeholders, the generating of the plurality of versions including generating sets of values for sets of attributes corresponding to each version of the at least one of the plurality of insurance products, the generating of the sets of values based on receiving a specification of an insurance product of the plurality of insurance products and a comparison between data items associated with the at least one of the set of stakeholders and the sets of data items corresponding to each other stakeholder of the set of stakeholders associated with each value chain; and   communicating at least one of the plurality of versions to the at least one of the set of stakeholders for distribution by the at least one of the set of stakeholders, one or more modules incorporated into the networked computer system to perform the generating of the plurality of value chains, the generating of the plurality of versions, and the communicating of the at least one of the plurality of versions, the one or more modules implemented by one or more processors of the networked computer system.   
     
     
         3 . The method of  claim 2 , wherein the data items associated with each other stakeholder of the stakeholders include a data item corresponding to actual sales of the stakeholder of an insurance product of the plurality of insurance products and the additional set of data items includes a data item corresponding to anticipated sales of the at least one of the stakeholders of the insurance product. 
     
     
         4 . The method of  claim 2 , wherein the attributes include at least one of a commission term, a payment term, an insurance rate, an exclusion, or a wording. 
     
     
         5 . The method of  claim 2 , wherein the communicating of the at least one of the plurality of versions to the at least one of the stakeholders for distribution by the at least one of the stakeholders is based on an approval by an administrator of the plurality of insurance products, the approval provided by the administrator via a unified user interface that aggregates information pertaining to the plurality of insurance products. 
     
     
         6 . The method of  claim 2 , further comprising identifying an additional stakeholder to associate with at least one of the plurality of value chains, the additional stakeholder being associated with an additional set of data items and wherein the at least one of the stakeholders includes the additional stakeholder. 
     
     
         7 . The method of  claim 2 , further comprising generating a suggested version of the insurance policy, the suggested version based on anticipated sales by a potential distributor of the suggested version of the insurance policy in comparison to actual volumes of sales of distributors of the versions of the insurance policy. 
     
     
         8 . A system comprising:
 one or modules incorporated into a networked computer system, the one or more modules implemented by one or more processors of the networked computer system, the one or more modules configured to, at least:   generate a plurality of value chains corresponding to a plurality of insurance products, the generating of the plurality of value chains including, for each value chain, creating a logical entity stored in a memory of a networked computer system, the logical entity including sets of data items corresponding to each of a set of stakeholders associated with the value chain;   generate a plurality of versions of at least one of the plurality of insurance products for at least one of the set of stakeholders, the generating of the plurality of versions including generating sets of values for sets of attributes corresponding to each version of the at least one of the plurality of insurance products, the generating of the sets of values based on receiving a specification of an insurance product of the plurality of insurance products and a comparison between data items associated with the at least one of the set of stakeholders and the sets of data items corresponding to each other stakeholder of the set of stakeholders associated with each value chain; and   communicate at least one of the plurality of versions to the at least one of the set of stakeholders for distribution by the at least one of the set of stakeholders.   
     
     
         9 . The system of  claim 8 , wherein the data items associated with each other stakeholder of the stakeholders include a data item corresponding to actual sales of the stakeholder of an insurance product of the plurality of insurance products and the additional set of data items includes a data item corresponding to anticipated sales of the at least one of the stakeholders of the insurance product. 
     
     
         10 . The system of  claim 8 , wherein the attributes include at least one of a commission term, a payment term, an insurance rate, an exclusion, or a wording. 
     
     
         11 . The system of  claim 8 , wherein the communicating of the at least one of the plurality of versions to the at least one of the stakeholders for distribution by the at least one of the stakeholders is based on an approval by an administrator of the plurality of insurance products, the approval provided by the administrator via a unified user interface that aggregates information pertaining to the plurality of insurance products. 
     
     
         12 . The system of  claim 8 , the one or more modules further configured to identify an additional stakeholder to associate with at least one of the plurality of value chains, the additional stakeholder being associated with an additional set of data items and wherein the at least one of the stakeholders includes the additional stakeholder. 
     
     
         13 . The system of  claim 8 , the one or more modules further configured to generate a suggested version of the insurance policy, the suggested version based on anticipated sales by a potential distributor of the suggested version of the insurance policy in comparison to actual volumes of sales of distributors of the versions of the insurance policy. 
     
     
         14 . A non-transitory machine readable medium embodying a set of instructions that, when incorporated as one or more modules into a networked computer system, cause one or more processors of the networked computer to perform operations, the operations comprising:
 generating a plurality of value chains corresponding to a plurality of insurance products, the generating of the plurality of value chains including, for each value chain, creating a logical entity stored in a memory of a networked computer system, the logical entity including sets of data items corresponding to each of a set of stakeholders associated with the value chain;   generating a plurality of versions of at least one of the plurality of insurance products for at least one of the set of stakeholders, the generating of the plurality of versions including generating sets of values for sets of attributes corresponding to each version of the at least one of the plurality of insurance products, the generating of the sets of values based on receiving a specification of an insurance product of the plurality of insurance products and a comparison between data items associated with the at least one of the set of stakeholders and the sets of data items corresponding to each other stakeholder of the set of stakeholders associated with each value chain; and   communicating at least one of the plurality of versions to the at least one of the set of stakeholders for distribution by the at least one of the set of stakeholders, one or more modules incorporated into the networked computer system to perform the generating of the plurality of value chains, the generating of the plurality of versions, and the communicating of the at least one of the plurality of versions, the one or more modules implemented by one or more processors of the networked computer system.   
     
     
         15 . The non-transitory machine readable medium of  claim 14 , wherein the data items associated with each other stakeholder of the stakeholders include a data item corresponding to actual sales of the stakeholder of an insurance product of the plurality of insurance products and the additional set of data items includes a data item corresponding to anticipated sales of the at least one of the stakeholders of the insurance product. 
     
     
         16 . The non-transitory machine readable medium of  claim 14 , wherein the attributes include at least one of a commission term, a payment term, an insurance rate, an exclusion, or a wording. 
     
     
         17 . The non-transitory machine readable medium of  claim 14 , wherein the communicating of the at least one of the plurality of versions to the at least one of the stakeholders for distribution by the at least one of the stakeholders is based on an approval by an administrator of the plurality of insurance products, the approval provided by the administrator via a unified user interface that aggregates information pertaining to the plurality of insurance products. 
     
     
         18 . The non-transitory machine readable medium of  claim 14 , the operations further comprising identifying an additional stakeholder to associate with at least one of the plurality of value chains, the additional stakeholder being associated with an additional set of data items and wherein the at least one of the stakeholders includes the additional stakeholder. 
     
     
         19 . The non-transitory machine readable medium of  claim 14 , the operations further comprising generating a suggested version of the insurance policy, the suggested version based on anticipated sales by a potential distributor of the suggested version of the insurance policy in comparison to actual volumes of sales of distributors of the versions of the insurance policy.