Systems and methods for assessing needs

Abstract

Systems and methods for assessing the needs of customers using predictive modeling techniques are disclosed. The method receives customer data from a first database and provided by the user. The method generates an instruction to a second database and receives additional customer information received from external databases to generate a basic profile for data based on the customer. The system further analyzes data provided by the user. The method generates a customer profile based on the basic customer data and additional data. The method determines missing data from the customer profile associated and a set of attributes of the user. The method identifies a profile with the customer similar set of attributes and estimates the missing data using predictive modeling techniques to generate estimated customer information. The system further pre-populates one or more missing fields of the full profile associated with the customer based on said estimated customer information. The system. The method additionally analyzes the full updated customer profile associated with the customer to generate one or more insurance recommendations for the customer that will allow customers to fulfill one or more proposed future financial goals while ensuring the financial stability of the customer. The systems and methods disclosed allow the level of data-entry efforts required from the user to be significantly reduced.