| Predicate |
Object |
| assignee |
http://rdf.ncbi.nlm.nih.gov/pubchem/patentassignee/MD5_27e968cd6bf509be2e02c9523435f7ec |
| classificationCPCInventive |
http://rdf.ncbi.nlm.nih.gov/pubchem/patentcpc/G06Q40-02
http://rdf.ncbi.nlm.nih.gov/pubchem/patentcpc/G06Q40-08 |
| classificationIPCInventive |
http://rdf.ncbi.nlm.nih.gov/pubchem/patentipc/G06Q40-08
http://rdf.ncbi.nlm.nih.gov/pubchem/patentipc/G06Q40-02 |
| filingDate |
2003-04-30-04:00^^<http://www.w3.org/2001/XMLSchema#date> |
| grantDate |
2010-10-12-04:00^^<http://www.w3.org/2001/XMLSchema#date> |
| inventor |
http://rdf.ncbi.nlm.nih.gov/pubchem/patentinventor/MD5_113007a32d231772193a1a8e56e11643
http://rdf.ncbi.nlm.nih.gov/pubchem/patentinventor/MD5_cf0e2e101726c8bb36630d3f7e7e1fd0
http://rdf.ncbi.nlm.nih.gov/pubchem/patentinventor/MD5_c215a008fb737d15e5779734007a20e0
http://rdf.ncbi.nlm.nih.gov/pubchem/patentinventor/MD5_56f62c1e9ad7a098244217a4a0a38551
http://rdf.ncbi.nlm.nih.gov/pubchem/patentinventor/MD5_6612d55febf86a3148b627122dcbf73c |
| publicationDate |
2010-10-12-04:00^^<http://www.w3.org/2001/XMLSchema#date> |
| publicationNumber |
US-7813945-B2 |
| titleOfInvention |
System and process for multivariate adaptive regression splines classification for insurance underwriting suitable for use by an automated system |
| abstract |
A method and system for automating the decision-making process used in underwriting of insurance applications is described. While this approach is demonstrated for insurance underwriting, it is broadly applicable to diverse decision-making applications in business, commercial, and manufacturing processes. A structured methodology is used based on a multi-model parallel network of multivariate adaptive regression splines (“MARS”) models to identify the relevant set of variables and their parameters, and build a framework capable of providing automated decisions. The parameters of the MARS-based decision system are estimated from a database consisting of a set of applications with reference decisions against each. Cross-validation and development/hold-out combined with re-sampling techniques are used to build a robust set of models that minimize the error between the automated system's decision and the expert human underwriter. Furthermore, this model building methodology can be used periodically to update and maintain the family of models if required to assure currency. |
| isCitedBy |
http://rdf.ncbi.nlm.nih.gov/pubchem/patent/US-8335701-B1
http://rdf.ncbi.nlm.nih.gov/pubchem/patent/US-10977729-B2
http://rdf.ncbi.nlm.nih.gov/pubchem/patent/WO-2019173734-A1
http://rdf.ncbi.nlm.nih.gov/pubchem/patent/US-9767517-B1
http://rdf.ncbi.nlm.nih.gov/pubchem/patent/US-2011055131-A1
http://rdf.ncbi.nlm.nih.gov/pubchem/patent/US-2012296676-A1
http://rdf.ncbi.nlm.nih.gov/pubchem/patent/US-11720527-B2
http://rdf.ncbi.nlm.nih.gov/pubchem/patent/US-11720962-B2
http://rdf.ncbi.nlm.nih.gov/pubchem/patent/US-8214314-B2
http://rdf.ncbi.nlm.nih.gov/pubchem/patent/US-2009048876-A1
http://rdf.ncbi.nlm.nih.gov/pubchem/patent/US-9839376-B1
http://rdf.ncbi.nlm.nih.gov/pubchem/patent/US-8775218-B2
http://rdf.ncbi.nlm.nih.gov/pubchem/patent/US-11259718-B1
http://rdf.ncbi.nlm.nih.gov/pubchem/patent/US-10426378-B1
http://rdf.ncbi.nlm.nih.gov/pubchem/patent/US-2011040582-A1
http://rdf.ncbi.nlm.nih.gov/pubchem/patent/US-8566125-B1
http://rdf.ncbi.nlm.nih.gov/pubchem/patent/US-9965807-B1
http://rdf.ncbi.nlm.nih.gov/pubchem/patent/US-8666788-B1 |
| priorityDate |
2003-04-30-04:00^^<http://www.w3.org/2001/XMLSchema#date> |
| type |
http://data.epo.org/linked-data/def/patent/Publication |