Patent ID: 7801748
Filing Date: 2010-09-21
Classification: G06Q

Abstract:
1. A process performed by a computing device for preparing an insurance application for underwriting based on a plurality of previous insurance application underwriting decisions, the process comprising: receiving, by the computing device, a request to underwrite the insurance application; assigning, by the computing device, a risk classification to the insurance application; defining, by the computing device, a set comprising at least one of the plurality of previous insurance application underwriting decisions; comparing, by the computing device, the insurance application to the set; and designating, by the computing device, the insurance application based at least in part on the comparison between the insurance application and the set and the risk classification assigned to the insurance application, where the designating includes: designating the insurance application as an outlier insurance application; and where the at least one insurance application in the set includes a classification assignment; and where designating the insurance application as an outlier insurance application is based on determining an occurrence that a dominance relationship between the insurance application and one of the at least one insurance application in the set is inconsistent with a relationship of classification assignments between the insurance application and the one of the at least one insurance application in the set; and the designating the insurance application as an outlier insurance application comprising determining the dominance relationship, the determining the dominance relationship including: