Patent ID: 6163770
Filing Date: 2000-12-19
Classification: G06Q

Abstract:
A method for using an apparatus to process digital electrical signals to generate documentation using a computed value for claims cost affected by at least one concurrent, different insurance policy, the method including the steps of:providing an apparatus including a digital electrical computer having a processor, the processor electrically connected to an input device, for receiving input data and for converting the input data into input electrical signals, and to a printer, for converting output electrical signals into printed documentation, the processor being programmed to control the apparatus in changing the input electrical signals to produce the output electrical signals in accordance with said method;receiving, as part of the input data, actuarial assumptions defining a first insurance policy for a first risk having a claims cost affected by at least a second concurrent insurance policy for a respectively different risk for an insured person; whereinthe changing of the input electrical signals into the output electrical signals includes computing a first value for the claims cost for the first insurance policy and computing a second value representing an extent to which the claims cost for the first insurance policy is influenced by the second insurance policy; andusing the first value to generate printed insurance documentation at said printer.