Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Insurance
Patent
1997-10-14
2000-04-11
Voeltz, Emanuel Todd
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Insurance
705 7, G06F 1760
Patent
active
060497734
ABSTRACT:
An automated method for identifying those claims of a raw claims insurance claims database for which reinsurance is applicable. The method develops a database of uniquely clustered catastrophic events such as storm reports. This "CatNodes" database may be developed manually or automatically through the use of a neural network approach. A fuzzy degree of belonging is employed to quantify the likelihood that a given insurance claim is properly associated with a given catastrophic event or storm. The assignment of a degree of belonging is derived by approaches which consider four factors: the date of the loss; the location of the loss; the type of the loss; and the presence of special keywords in the claim description.
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McCormack Douglas R.
McCormack James S.
Morgan George D.
Reclaim Technology and Services Limited
Todd Voeltz Emanuel
LandOfFree
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