The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jun. 12, 2012
Filed:
Nov. 28, 2001
Frank M. Zizzamia, Canton, CT (US);
Cheng-sheng Peter Wu, Arcadia, CA (US);
Raymond E. Stukel, Elmhurst, IL (US);
Hrisanthi Adamopoulos, Wethersfield, CT (US);
John R. Lucker, Simsbury, CT (US);
Frank M. Zizzamia, Canton, CT (US);
Cheng-Sheng Peter Wu, Arcadia, CA (US);
Raymond E. Stukel, Elmhurst, IL (US);
Hrisanthi Adamopoulos, Wethersfield, CT (US);
John R. Lucker, Simsbury, CT (US);
Deloitte Development LLC, Hermitage, TN (US);
Abstract
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.