摘要 |
The invention relates to a system and method for evaluating valuations group s of insurance policies. The steps involve a) retrieving at least one characteristic for each policy from the plurality of characteristics for each policy in the gro up of policies; b) obtaining at least one derived characteristics for each policy in the group of policies from plurality of characteristics for each policy in the group o f policies; c) calculating a group expected value for each of the at least one characterist ic and each of the at least one derived characteristic; d) receiving from the input device, a set of tolerances for each of the at least one characteristics and each of the at least one derived characteristic; e) minimizing a linear objective function with a set of policy weights wherein a sum of an at least one weighted characteristic, obtained b y multiplying the policy weight with one each one of the at least one characteristic and each one of the at least one derived characteristic, is equal to or within t he received tolerance of the group expected value for each of the one or more characteristic and each of the one or more derived characteristic; f) selecting policies with a non-zero policy weight; g) calculating at least one risk valuation result using the selected policies; andh) outputting the result of the at least one risk valuation result to the output device. The results of the at least one risk valuation result using t he selected policies substantially correspond to the results of calculating the at least one risk valuation result on the group of policies.
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