Actuary-manipulable rating model system
US10861098B2 · kind B2 · utility
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15References
18Claims
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Key dates
| Filing date | Jun 14, 2012 |
| Grant date | Dec 8, 2020 |
| Priority date | — |
| Expiry date | Jun 14, 2032 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q40/08
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Techniques have been developed whereby an actuary-manipulable rating model may be defined and transformed into executable form using automated techniques. By allowing business users to define, review and revise rating models using familiar methodologies and constructs (such as factor tables) and by providing an automated facility for transformation of the rating model into an efficient executable form, systems and techniques in accordance with some embodiments of the present invention facilitate rapid deployment and update of insurance product offerings.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.