Is a
Patent attributes
Patent Jurisdiction
Patent Number
Patent Inventor Names
Michael Frederick Weitermann0
Lisa Marie Mrochinski0
Date of Patent
January 27, 2009
Patent Application Number
10227102
Date Filed
August 23, 2002
Patent Primary Examiner
Patent abstract
A system and method of generating insurance risk samples and for comparing hypothetical and real insurance premiums of different insurance companies is disclosed. In some embodiments, one or more rating factors are defined and have a plurality of possible values at least partially defining an insurance risk. By generating random numbers that are used to select the values of these parameters, a user can generate sample risks, calculate sample premiums for the risks, and/or compare sample premiums for different types of insurance policies.
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