Deloitte Development LLC

Cheng-Sheng Peter Wu

Frank M Zizzamia

John R Lucker

Dominic A Tocci

Matthew R Carrier

Raymond E Stukel

Hrisanthi Adamopoulos

A quantitative system and method that employs data sources external to an insurance company to generate a statistical model that may be used to predict commercial insurance profitability. The system and method are able to predict individual commercial insurance policyholder profitability on a prospective basis regardless of the internal data and business practices of a particular insurance company.

Commercial insurance scoring system and method

A method and system for determining the importance of each of the variables that contribute to the overall score of a model for predicting the profitability of an insurance policy. For each variable in the model, an importance is calculated based on the calculated slope and deviance of the predictive variable. Since the score is developed using complex mathematical calculations combining large numbers of parameters with predictive variables, it is often difficult to interpret from the mathematical formula for example, why some policyholders receive low scores while other receive high scores. Such clear communication and interpretation of insurance profitability scores is critical if they are used by the various interested insurance parties including policyholders, agents, underwriters, and regulators.

Method and system for determining the importance of individual variables in a statistical model

A quantitative system and method that employs data sources external to an insurance company to generate a statistical model that may be used to more accurately and consistently predict commercial insurance profitability (the 'predictive statistical model'). The system and method are able to predict individual commercial insurance policyholder profitability on a prospective basis regardless of the internal data and business practices of a particular insurance company.

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Arcadia, CA, United States of America

Cheng-Sheng Peter Wu