Object oriented demographically predictive insurance agency asset evaluation system and method
First Claim
1. A computer for evaluating a portfolio of insurance policies, said computer comprising:
- means for determining relevant data from a database of experiential data relating to insurance policies;
means for analyzing characteristics of a portfolio of insurance policies and identifying correspondence to the relevant data from the determining means; and
means for calculating a valuation for the portfolio based on the experiential data from the determining means and the characteristics analyzed by said analyzing means.
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Abstract
The present invention involves a computer system and method for evaluating a portfolio of insurance policies system and method which evaluates the portfolio. The computer determines relevant data from a database of experiential data relating to insurance policies. Also, characteristics of a portfolio of insurance policies are analyzed and identified by the computer for correspondence to the relevant data. The computer calculates a valuation for the portfolio based on the experiential data and the analyzed characteristics. The database of experiential data relating to insurance policies has financial data and associated demographic data. The computer also indexes policies of the portfolio based on predetermined risk factors. The experiential data may be updated and the valuation recalculated when new experiential data is obtained.
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Citations
12 Claims
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1. A computer for evaluating a portfolio of insurance policies, said computer comprising:
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means for determining relevant data from a database of experiential data relating to insurance policies;
means for analyzing characteristics of a portfolio of insurance policies and identifying correspondence to the relevant data from the determining means; and
means for calculating a valuation for the portfolio based on the experiential data from the determining means and the characteristics analyzed by said analyzing means. - View Dependent Claims (2, 3, 4)
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5. In computer, a method of determining a value for a portfolio of insurance policies, said method comprising the steps of:
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determining relevant data from a database of experiential data relating to insurance policies;
analyzing characteristics of a portfolio of insurance policies and identifying correspondence to the relevant data; and
calculating a valuation for the portfolio based on the experiential data and the analyzed characteristics. - View Dependent Claims (6, 7, 8)
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9. A machine-readable program storage device for storing encoded instructions for a method of determining a value for a portfolio of insurance policies, said method comprising the steps of:
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determining relevant data from a database of experiential data relating to insurance policies;
analyzing characteristics of a portfolio of insurance policies and identifying correspondence to the relevant data; and
calculating a valuation for the portfolio based on the experiential data and the analyzed characteristics. - View Dependent Claims (10, 11, 12)
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Specification