Actuary-manipulable rating model and system
US8224672B1 · kind B1 · utility
5Cited by
1References
20Claims
0Family size
Assignee
Inventor
Key dates
| Filing date | Feb 1, 2001 |
| Grant date | Jul 17, 2012 |
| Priority date | — |
| Expiry date | Jan 28, 2030 |
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.