Patent ID: 8793146
Filing Date: 2014-07-29
Classification: G06Q

Abstract:
1. A system for underwriting an insurance application, the system in the form of a tangibly embodied computer, the system comprising: a receiver, in the form of a tangibly embodied computer portion, that receives a request to underwrite an insurance application, where the request includes information about at least one application component; an evaluation module, in the form of a tangibly embodied computer portion, that evaluates the at least one application component based on at least one rule associated with the at least one application component; and an assignment module, in the form of a tangibly embodied computer portion, that: the assignment module further assigns the insurance application to a specific application category out of a plurality of application categories, where the one specific application category is assigned based at least in part on the specific component category, and the plurality of component categories are identical to the plurality of application categories; wherein the plurality of component categories are identical to the plurality of application categories, in that the plurality of component categories correspond to the plurality of application categories, the component categories being constituted by cat1, cat2and cat3, and the application categories being constituted by cat1, cat2and cat3.