Transforming data for rendering an insurability decision
First Claim
1. A method of structuring and transforming disparate data for use in rendering a decision involving a potentially insurable applicant, said method comprising:
- retrieving, by a computer, data from a first database, said retrieved data relating to the applicant; and
executing, by the computer, computer-executable instructions for;
transforming the retrieved data into domain-specific information, said domain-specific information relating to insurability of the applicant;
storing the transformed domain-specific information in a second database;
defining one or more relevancy factors as a function of the decision to be rendered involving the applicant;
assigning at least one of the relevancy factors to at least a portion of the transformed domain-specific information stored in the second database;
processing the transformed domain-specific information as a function of the assigned relevancy factors;
providing an output comprising the assigned relevancy factors to an underwriter for use in rendering the decision involving the applicant, wherein the processing, by the computer, comprises at least one of;
ant colony optimization, a heuristic algorithm, network theory, predictive modeling, deterministic chaos, behavioral economics, fractal geometry, and cellular automata;
monitoring one or more actions on the provided output by the underwriter in rendering the decision;
generating feedback as a function of the monitored actions;
adjusting, by the computer, at least one of said transforming, defining, assigning, and processing the transformed domain-specific information subsequent to providing the feedback to the underwriter; and
presenting an updated output to the underwriter based on the feedback.
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Abstract
Transformation of disparate data for use in rendering a decision involving a potentially insurable risk. An Extract, Transform, Load (ETL) process extracts the data and converts it from a plurality of formats into a standard format for processing. A heuristic engine inferentially processes the converted data to identify information relevant to the decision to be rendered. A consolidation and presentation engine generates presentable knowledge from the relevant information and then presents the knowledge to a decision-making entity for rendering the decision. And an optimization feedback process monitors one or more actions on the presented knowledge by the decision-making entity and adjusts one or more of the ETL process, the heuristic engine, and the consolidation and presentation engine as a function of the monitored actions.
81 Citations
22 Claims
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1. A method of structuring and transforming disparate data for use in rendering a decision involving a potentially insurable applicant, said method comprising:
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retrieving, by a computer, data from a first database, said retrieved data relating to the applicant; and executing, by the computer, computer-executable instructions for; transforming the retrieved data into domain-specific information, said domain-specific information relating to insurability of the applicant; storing the transformed domain-specific information in a second database; defining one or more relevancy factors as a function of the decision to be rendered involving the applicant; assigning at least one of the relevancy factors to at least a portion of the transformed domain-specific information stored in the second database; processing the transformed domain-specific information as a function of the assigned relevancy factors; providing an output comprising the assigned relevancy factors to an underwriter for use in rendering the decision involving the applicant, wherein the processing, by the computer, comprises at least one of;
ant colony optimization, a heuristic algorithm, network theory, predictive modeling, deterministic chaos, behavioral economics, fractal geometry, and cellular automata;monitoring one or more actions on the provided output by the underwriter in rendering the decision; generating feedback as a function of the monitored actions; adjusting, by the computer, at least one of said transforming, defining, assigning, and processing the transformed domain-specific information subsequent to providing the feedback to the underwriter; and presenting an updated output to the underwriter based on the feedback. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8)
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9. A system of structuring and transforming disparate data for use in rendering a decision involving a potentially insurable applicant, said system comprising:
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a first database storing data relating to the applicant; and a computer configured to execute computer-executable instructions for; transforming data retrieved from the first database into domain-specific information, said domain-specific information relating to insurability of the applicant; storing the transformed domain-specific information in a second database; defining one or more relevancy factors as a function of the decision to be rendered involving the applicant; assigning at least one of the relevancy factors to at least a portion of the transformed domain-specific information stored in the second database; processing the transformed domain-specific information as a function of the assigned relevancy factors; providing an output comprising the assigned relevancy factors to an underwriter for use in rendering the decision involving the applicant, wherein the processing comprises at least one of;
ant colony optimization, a heuristic algorithm, network theory, predictive modeling, deterministic chaos, behavioral economics, fractal geometry, and cellular automata;monitoring one or more actions on the provided output by the underwriter in rendering the decision; generating feedback as a function of the monitored actions; adjusting, by the computer, at least one of said transforming, defining, assigning, and processing the transformed domain-specific information subsequent to providing the feedback to the underwriter; and presenting an updated output to the underwriter based on the feedback. - View Dependent Claims (10, 11, 12, 13, 14, 15)
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16. A non-transitory computer-readable medium storing computer-executable instructions, which instructions when executed by a computer cause the computer to structure and transform disparate data for use in rendering a decision involving a potentially insurable applicant, said computer-executable instructions comprising:
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transforming data relating to the applicant into domain-specific information, said domain-specific information relating to insurability of the applicant; defining one or more relevancy factors as a function of the decision to be rendered involving the applicant; assigning at least one of the relevancy factors to at least a portion of the transformed domain-specific information; processing the transformed domain-specific information as a function of the assigned relevancy factors; providing an output comprising the assigned relevancy factors to an underwriter for use in rendering the decision involving the applicant, wherein the processing comprises at least one of;
ant colony optimization, a heuristic algorithm, network theory, predictive modeling, deterministic chaos, behavioral economics, fractal geometry, and cellular automata;monitoring one or more actions on the provided output by the underwriter in rendering the decision; generating feedback as a function of the monitored actions; adjusting at least one of said transforming, defining, assigning, and processing the transformed domain-specific information subsequent to providing the feedback to the underwriter; and presenting an updated output to the underwriter based on the feedback. - View Dependent Claims (17, 18, 19, 20, 21, 22)
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Specification