Process for determining a confidence factor for insurance underwriting suitable for use by an automated system
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United States of America Patent
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Aug 23, 2011
Grant Date -
Oct 2, 2003
app pub date -
Jun 17, 2002
filing date -
Dec 31, 2001
priority date (Note) -
In Force
status (Latency Note)
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Abstract
A process is described for evaluating the decision-making confidence of a process and system for at least a partial underwriting of insurance policies where placement of an insurance application to an underwriting category is based on its similarity to previous insurance applications. The confidence factor computed is a measure of the correctness of the decision for a given application for insurance.
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