SYSTEM AND METHOD FOR MANAGING UNDERWRITING USING A RISK ORDER APPROACH

摘要

The disclosed technology relates generally to a method and system for assessing the eligibility of a customer to receive insurance from a provider. In certain embodiments, the disclosed technology uses a risk order approach to rank applicants based on mortality. Applicants are evaluated based on the impact a variety of metrics have on mortality and the system determines a recommended risk class and policy terms for each applicant. The system, in certain embodiments, provides a modular underwriting platform that is expandable and able to incorporate several underwriting tools (e.g., lab scores, market view data). The modular structure of the platform enables the system to be adjusted such that the approach may be modified for use in new insurance markets. In certain implementations, the system provides the ability to make slight adjustments to allow for preferred class distinctions in a simplified issue context.