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Process for rule-based insurance underwriting suitable for use by an automated system

  • US 20030187700A1
  • 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 method for underwriting an insurance application comprising the steps of:

  • receiving a request to underwrite an insurance application, where the request includes information about at least one application component;

    evaluating the at least one application component based on at least one rule associated with the at least one application component;

    assigning a measurement to the at least one application component; and

    assigning the at least one application component to a specific component category out of a plurality of component categories based on the assigned measurement.

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