Actuarial data processing system and an actuarial method
First Claim
1. An actuarial data processing system comprising data input means for inputting client information, output means for outputting information, storage means and processing means, wherein the processing means is adapted to use the client information and data stored in the storage means to produce a scoring statistic representative of the client'"'"'s level of health, and to use the scoring statistic to produce and output a value representative of client life expectancy.
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Abstract
An actuarial data processing system comprises data input means for inputting client information, output means for outputting information, storage means and processing means. The processing means is adapted to use the client information and data stored in the storage means to output the client'"'"'s life expectancy.
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Citations
25 Claims
- 1. An actuarial data processing system comprising data input means for inputting client information, output means for outputting information, storage means and processing means, wherein the processing means is adapted to use the client information and data stored in the storage means to produce a scoring statistic representative of the client'"'"'s level of health, and to use the scoring statistic to produce and output a value representative of client life expectancy.
- 13. An actuarial method comprising assigning a statistic to a client based on the client'"'"'s level of health, deriving data from a standard actuarial table, and producing a value representative of the client life expectancy using the statistic and the derived data.
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14. An actuarial method comprising assigning a statistic to a client based on the client'"'"'s level of health, deriving data from a standard actuarial table, producing a value representative of the client life expectancy using the statistic and the derived data, and using the value produced to calculate a premium.
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25. A computer system for processing actuarial data, comprising a data store storing data on a client'"'"'s level of health, and standard actuarial table data;
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a processor programmed to assign a statistic based on the client'"'"'s level of health stored in the data store, to derive data using the standard actuarial table data in the data store, and to produce a value representative of the client'"'"'s life expectancy using the statistic and the derived data.
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Specification