Configuring composite ratebooks

Configuring composite ratebooks includes receiving configuration parameters associated with a composite ratebook; receiving a selection of one or more rate routines to be associated with the composite ratebook; receiving input defining one or more rate tables to be included in the composite ratebook...

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Bibliographic Details
Main Authors MARWAHA GAURAV, BERLIN RICHARD IAN, MCCREARY DOUGLAS E, SCHNEIDER HOLLINGER MARILYN JOYCE
Format Patent
LanguageEnglish
Published 16.02.2016
Subjects
CALCULATING
COMPUTING
COUNTING
DATA PROCESSING SYSTEMS OR METHODS, SPECIALLY ADAPTED FORADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORYOR FORECASTING PURPOSES
PHYSICS
SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE,COMMERCIAL, FINANCIAL, MANAGERIAL, SUPERVISORY OR FORECASTINGPURPOSES, NOT OTHERWISE PROVIDED FOR
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Summary:Configuring composite ratebooks includes receiving configuration parameters associated with a composite ratebook; receiving a selection of one or more rate routines to be associated with the composite ratebook; receiving input defining one or more rate tables to be included in the composite ratebook; and generating a composite ratebook including the configuration parameters, the one or more rate routines, and the defined one or more rate tables. A rate routine includes operations used to determine a premium for an insurance coverage. The one or more rate tables include insurance factors used by the one or more selected rate routines to determine premiums for insurance coverages.
Bibliography:Application Number: US201313755978