Patent ID: 8793146

Claim:
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: a) assigns an assigned measurement to the at least one application component constituted by assigning a measurement from a sliding scale, the application component constituted by a physical parameter of a person to be insured, the physical parameter being at least one selected from the group consisting of cholesterol level, blood pressure level, a pulse measurement, weight-to-height ratio, or other physical parameter of the person to be insured; and b) assigns the at least one application component to a specific component category out of a plurality of component categories based on the assigned measurements: the at least one application component assigned to a first component category, out of component categories, when a first threshold is satisfied, else: the at least one application component assigned to a further component category, out of a plurality of component categories, when a further threshold is satisfied; and 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.