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

US7844477B2 · kind B2 · utility

Assignee

• Genworth Financial, Inc. · US

Inventors

• Piero Patrone Bonissone · Schenectady, US
• Richard Paul Messmer · Rexford, US
• William Michael Durham · Wheaton, US
• Dan Yang · Westborough, US
• Marc Pavese · Saratoga Springs, US
• Diane Marie Russell · Lynchburg, US

Key dates

• Filing date: Jun 18, 2002
• Grant date: Nov 30, 2010
• Expiry date: Sep 22, 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. Various rules are created, along with a degree of satisfaction for each rule. Rules may be directed toward various insurance underwriting components (e.g., cholesterol levels, blood pressure, etc.). Based on the degree of satisfaction for each rule, a component may be assigned to a category. Based on the category for each component, the insurance application may be assigned an underwriting category.