The underwriting cycle: the rule of six.

Using directional bit sequences to reveal the property-liability underwriting cycle as an algorithmic process

This paper presents a computational economics model of the property-liability insurance underwriting cycle. This computer experiment is built on downward-sloping demand, a simplistic version of the capacity constraint model of insurance supply, and a simple pricing rule. The pricing rule has each experimental insurer determine its price from the expected losses per-policy (a constant), the prev...

Budgetary Constraints and Idle Time Allocation in Common-Cycle Production with non-zero Setup Time

Economic lot size scheduling problem (ELSP) for a multi-product single machine system is a classical problem. This paper considers ELSP with budgetary constraint as an important aspect of such systems. In the real world situations the available funds for investment in inventory is limited. By adopting the common cycle time approach to ELSP, we obtain the optimal common cycle which minimizes the...

Shorten Your Underwriting Cycle Time and Write More Policies with Software AG’s Insurance Underwriting Process Framework

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Countrywide Loan Underwriting Expert System

Countrywide Loan Underwriting Expert System (CLUEZP) is an advanced, automated mortgage underwriting rule-based expert system. The system was developed to increase the production capacity and productivity of Countrywide branches, improve the consistency of underwriting, and reduce the cost of originating a loan. The system receives selected information from the loan application, credit report, ...

Medical Malpractice and the Insurance Underwriting Cycle