Actuary-manipulable rating model system
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United States of America Patent
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Dec 8, 2020
Grant Date -
May 2, 2013
app pub date -
Jun 14, 2012
filing date -
Feb 1, 2001
priority date (Note) -
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Abstract
Techniques have been developed whereby an actuary-manipulable rating model may be defined and transformed into executable form using automated techniques. By allowing business users to define, review and revise rating models using familiar methodologies and constructs (such as factor tables) and by providing an automated facility for transformation of the rating model into an efficient executable form, systems and techniques in accordance with some embodiments of the present invention facilitate rapid deployment and update of insurance product offerings.
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