SYSTEMS AND METHODS FOR MANAGING INSURANCE CONTRACTS

1 . A computer system for managing insurance contracts, the computer system including at least one processor in communication with at least one memory device, the at least one processor programmed to:

store a user profile and a current user insurance contract, wherein the user profile includes a plurality of user preferences;

receive a plurality of offers for insurance contracts from a plurality of insurance providers, wherein each of the plurality of offers includes a plurality of coverage options;

for each of the plurality of offers, compare the corresponding plurality of coverage options to the plurality of user preferences;

automatically determine a desired offer of the plurality of offers based upon the comparison; and

electronically update the current user insurance contract based upon the desired offer;

wherein the plurality of user preferences include a plurality of ratings for a plurality of potential coverage options, and wherein the processor is further programmed to:

compare the plurality of ratings to the plurality of coverage options for each of the plurality of offers; and

determine a ranking for each of the plurality of offers based upon the corresponding comparisons;

compare a ranking of the current user insurance contract and the plurality of rankings associated with the plurality of offers; and

automatically determine a plurality of potential desired offers based upon the comparison.

2 . The computer system of claim 1 , wherein the processor is further programmed to:

transmit the desired offer to the user; and

receive approval of the desired offer from the user.

3 . (canceled)

4 . The computer system of claim 1 , wherein the processor is further programmed to determine the desired offer based upon the corresponding ranking.

5 . (canceled)

6 . The computer system of claim 1 , wherein the processor is further programmed to:

transmit the plurality of potential desired offers to the user; and

receive a selection of the desired offer from the user.

7 . The computer system of claim 1 , wherein the processor is further programmed to determine a plurality of potential desired offers based upon the comparison of the plurality of coverage options to the plurality of user preferences.

8 . The computer system of claim 1 , wherein the processor is further programmed to:

receive one or more new offers for insurance contracts; and

update the plurality of offers based upon the one or more new offers.

9 . The computer system of claim 1 , wherein the processor is further programmed to:

receive a plurality of user preferences from a user, wherein the user preferences relate to potential coverage options for an insurance contract; and

generate a user profile for the user based upon the plurality of user preferences.

10 . The computer system of claim 9 , wherein the processor is further programmed to:

determine a first user insurance contract based upon the plurality of offers and the user profile;

receive acceptance of the first user insurance contract from the user; and

store the first user insurance contract as the current user insurance contract.

11 . A computer-based method for managing insurance contracts, the method implemented on an insurance management (“IM”) computer device including at least one processor in communication with at least one memory device, the method comprising:

storing, in the memory device, a user profile and a current user insurance contract, wherein the user profile includes a plurality of user preferences;

receiving, at the TM computer device, a plurality of offers for insurance contracts from a plurality of insurance providers, wherein each of the plurality of offers includes a plurality of coverage options;

for each of the plurality of offers, comparing, by the TM computer device, the corresponding plurality of coverage options to the plurality of user preferences;

automatically determining a desired offer of the plurality of offers based upon the comparison; and

electronically updating, by the IM computer device the current user insurance contract based upon the desired offer;

wherein the plurality of user preferences include a plurality of ratings for a plurality of potential coverage options, and wherein the method further comprises:

comparing the plurality of ratings to the plurality of coverage options for each of the plurality of offers;

determining a ranking for each of the plurality of offers based upon the corresponding comparisons;

comparing a ranking of the current user insurance contract and the plurality of rankings associated with the plurality of offers; and

automatically determining a plurality of potential desired offers based upon the comparison.

12 . The method of claim 11 further comprising:

transmitting the desired offer to the user; and

receiving approval of the desired offer from the user.

13 . (canceled)

14 . The method of claim 11 further comprising determining the desired offer based upon the corresponding ranking.

15 . (canceled)

16 . The method of claim 11 further comprising:

transmitting the plurality of potential desired offers to the user; and

receiving a selection of the desired offer from the user.

17 . The method of claim 11 further comprising determining a plurality of potential desired offers based upon the comparison of the plurality of coverage options to the plurality of user preferences.

18 . The method of claim 11 further comprising:

receiving one or more new offers for insurance contracts; and

updating the plurality of offers based upon the one or more new offers.

19 . The method of claim 11 further comprising:

receiving a plurality of user preferences from a user, wherein the user preferences relate to potential coverage options for an insurance contract; and

generating a user profile for the user based upon the plurality of user preferences.

20 . The method of claim 19 further comprising:

determining a first user insurance contract based upon the plurality of offers and the user profile;

receiving acceptance of the first user insurance contract from the user; and

storing the first user insurance contract as the current user insurance contract.

21 . At least one non-transitory computer-readable storage media having computer-executable instructions embodied thereon, wherein when executed by at least one processor, the computer-executable instructions cause the processor to:

store a user profile and a current user insurance contract, wherein the user profile includes a plurality of user preferences;

receive a plurality of offers for insurance contracts from a plurality of insurance providers, wherein each of the plurality of offers includes a plurality of coverage options;

for each of the plurality of offers, compare the corresponding plurality of coverage options to the plurality of user preferences;

automatically determine a desired offer of the plurality of offers based upon the comparison; and

electronically update the current user insurance contract based upon the desired offer;

wherein the plurality of user preferences include a plurality of ratings for a plurality of potential coverage options, and wherein the computer-executable instructions further cause the processor to:

compare the plurality of ratings to the plurality of coverage options for each of the plurality of offers;

determine a ranking for each of the plurality of offers based upon the corresponding comparisons;

compare a ranking of the current user insurance contract and the plurality of rankings associated with the plurality of offers; and

automatically determine a plurality of potential desired offers based upon the comparison.