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System for optimization of insurance underwriting suitable for use by an automated system

  • US 20030187702A1
  • Filed: 06/18/2002
  • Published: 10/02/2003
  • Est. Priority Date: 12/31/2001
  • Status: Active Grant
First Claim
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1. A system for optimizing an insurance application underwriting decision for an insurance underwriting system, the system comprising:

  • an input module for defining a process for the insurance application underwriting decision for the insurance underwriting system;

    a processor module for performing a plurality of insurance application underwriting decisions by applying the process to a plurality of certified insurance applications, where each of the plurality of certified insurance applications comprises an insurance application for which a correct underwriting decision has already been made; and

    a comparison module for comparing the correct underwriting decisions to the underwriting decisions performed by applying the process.

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