Process for case-based insurance underwriting suitable for use by an automated system

US7844476B2 · kind B2 · utility

Assignee

• Genworth Financial, Inc. · US

Inventors

• Piero Patrone Bonissone · Schenectady, US
• Richard Paul Messmer · Rexford, US
• Dan Yang · Westborough, US
• Marc Pavese · Saratoga Springs, US
• Angela Neff Patterson · Blacksburg, US
• Antonio Mogro-Campero · Niskayuna, US
• Anil Varma · Clifton Park, US
• William Michael Durham · Wheaton, US
• Diane Marie Russell · Lynchburg, US
• Rajesh Venkat Subbu · Clifton Park, US

Key dates

• Filing date: Jun 14, 2002
• Grant date: Nov 30, 2010
• Expiry date: Dec 5, 2026

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/08
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A process for at least a partial underwriting of insurance policies is described. Based on the similarity to previous insurance applications, a decision on the current request for underwriting may be made. This decision-making process represents an analogical approach to the placement of an insurance application to an underwriting category, whereby a given insurance application request is compared to previous requests.