An Expert System for Marine Umbrella Liability Insurance Underwriting

University of Pennsylvania
University of Pennsylvania
ScholarlyCommons
ScholarlyCommons
Technical Reports (CIS)
Department of Computer & Information Science
July 1986
An Expert System for Marine Umbrella Liability Insurance
An Expert System for Marine Umbrella Liability Insurance
Underwriting
Underwriting
Claire Socolovsky Caine
University of Pennsylvania
Follow this and additional works at: https://repository.upenn.edu/cis_reports
Recommended Citation
Recommended Citation
Claire Socolovsky Caine, "An Expert System for Marine Umbrella Liability Insurance Underwriting", . July
1986.
University of Pennsylvania Department of Computer and Information Science Technical Report No. MS-CIS-86-54.
This paper is posted at ScholarlyCommons. https://repository.upenn.edu/cis_reports/731
For more information, please contact repository@pobox.upenn.edu

An Expert System for Marine Umbrella Liability Insurance Underwriting
An Expert System for Marine Umbrella Liability Insurance Underwriting
Abstract
Abstract
This paper describes three versions of an expert system for marine liability insurance underwriting. The first version, built on a PC, was the result of a series of knowledge engineering sessions with an underwriter of an insurance company. The prototype was accurate, but it asked too many marginally relevant questions, without regard to the time and business constraints of the user.
The second version was developed to address this concern. It initially asked only a subset of the relevant questions to arrive at a premium. If the premium was too high, the prototype attempted to reduce it by performing a sensitivity analysis on the results of the first round. This analysis was driven by meta-rules.
The third version was built on a lisp machine using a graphical expert system-building tool. The graphical approach and greater flexibility of the tool provided the user with an overview of the domain and permitted him to have more control over the data. Any implementation of an expert system for marine liability insurance underwriting should incorporate the lessons learned from each of the three versions of the prototype. In addition, sensitivity analysis and a graphical interface could be useful for expert system domains other than insurance underwriting.
Comments
Comments
University of Pennsylvania Department of Computer and Information Science Technical Report No. MS-
CIS-86-54.
This technical report is available at ScholarlyCommons: https://repository.upenn.edu/cis_reports/731