Patent ID: 7398218
Filing Date: 2008-07-08
Classification: G06Q

Abstract:
1. A method of determining risk, comprising: a computer segmenting case data of a single insurable customer into a plurality of components associated with a collection of profiles; the computer selecting a plurality of profiles from the collection of profiles that match the components associated with the collection of profiles, each of the selected profiles being representative of a respective part of the case data and an insurable dimension of the single insurable customer; selecting with the computer at least one of a plurality of predefined qualities for each of the components in each one of the selected profiles based on application of quality definitions to the case data segmented into each one of the respective components, the quality definitions associated with each of the selected profiles and each of the selected at least one of a plurality of predefined qualities is a term that provides a non-numeric valuation that is descriptive of the case data that is segmented into a respective one of the components within a respective one of the profiles; for each one of the selected profiles generating with the computer an outcome by logical combination of the predefined qualities selected for each of the components in each one of the selected profiles, the outcome of a selected profile is a pre-defined expression that is descriptive of the respective part of the case data and the insurable dimension of the single insurable customer represented with the selected profile; and the computer aggregating the outcomes from each of the selected profiles to determine the risk associated with the case data of the single insurable customer.