发明名称 |
Premium transition factor |
摘要 |
Auto insurance customers can be transitioned from an initial rating algorithm A to a subsequent algorithm B by phasing in the transition over a period of several years. The premium charged during the transition period is equal to the premium calculated under the rating algorithm B minus a premium adjustment. The premium adjustment is given by the difference between the premium according to algorithm B minus the legacy premium from algorithm A, said difference being multiplied by a rating transition factor. The rating transition factor may be a linearly decreasing function which has a value of 1 just before the transition period and a value of zero at the end of the transition period. The transition period may be in the range of 3 to 8 years long.
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申请公布号 |
US7827046(B2) |
申请公布日期 |
2010.11.02 |
申请号 |
US20060355781 |
申请日期 |
2006.02.16 |
申请人 |
PLYMOUTH ROCK ASSURANCE CORPORATION |
发明人 |
CONNER, III WILLIAM J.;ARNOLD GEOFFREY H.;LEIBENSPERGER MARLOWE G. |
分类号 |
G06Q40/00 |
主分类号 |
G06Q40/00 |
代理机构 |
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代理人 |
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主权项 |
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地址 |
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