Insurance classification plan loss control system

Details Insurance classification plan loss control system Insurance classification plan loss control system

1996-06-20

1999-04-06

MacDonald, Allen R.

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

Insurance

705 4, 705 5, G06F 1900

Patent

active

058930728

ABSTRACT:
A loss control system for an insurance classification plan has a policy holder database, a predictive apparatus and a derived actual loss ratio generator. The policy holder database generates signals indicative of the premium, actual loss, a one a plurality of classification plan variable values and an actual loss ratio for each policy holder. The predictive apparatus generates a plurality of predicted loss ratio signals indicative of predicted loss ratios of the policy holders. The derived actual loss ratio generator generates signals which are indicative of a difference between the predicted loss ratio and the actual loss ratio of the policy holders.

REFERENCES:
patent: 5128859 (1992-07-01), Carbone et al.
patent: 5191522 (1993-03-01), Bosco et al.
patent: 5613072 (1997-03-01), Hammond et al.
patent: 5636117 (1997-06-01), Rothstein
patent: 5655085 (1997-08-01), Rayan et al.

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