Patent Document ID: 7801748
Application ID: 10425722
Patent Flag: 1

Claim One:
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: defining, by the computing device, a first set comprising at least one of the plurality of previous insurance application underwriting decisions that is not dominated by any other of the plurality of previous insurance application underwriting decisions, such that the first set constitutes a Pareto-best subset; defining, by the computing device, a second set comprising at least one of the plurality of previous insurance application underwriting decisions that does not dominate any of the other of the plurality of previous insurance application underwriting decisions, such that the second set constitutes a Pareto-worst subset, the first set and the second set being constituted by different previous insurance application underwriting decisions; the first set and the second set associated with respective prior applications; and comparing, by the computing device, the insurance application to the first set and the second set; and wherein the insurance application comprises a plurality of features; and where the comparing the insurance application to the first set and the second set further comprises: comparing the at least one feature to a corresponding feature in the at least one of the plurality of previous insurance application underwriting decisions in the first set; and comparing the at least one feature to a corresponding feature in the at least one of the plurality of previous insurance application underwriting decisions in the second set; and where: comparing the at least one feature to a corresponding feature in the first set further comprises determining if the at least one feature in the insurance application is dominated by the corresponding feature in the first set to generate a first dominated determination; and comparing the at least one feature to a corresponding feature in the second set further comprises determining if the at least one feature in the insurance application is dominated by the corresponding feature in the second set to generate a second dominated determination; each of the comparings including determining whether each of said feature in the insurance application represents greater or less risk than the corresponding feature in the first set or second set, respectively; the process further including, based on the first and second dominated determinations, assessing, by the computing device, whether all the features of the application are dominated by all the corresponding features of the first set, and including assessing whether all the features of the application are dominated by all the corresponding features of the second set.