The Logic of Insurance: an Ontology-Centric Pricing Application
نویسندگان
چکیده
We have developed a new pricing and scoring application for a large insurance company’s car insurance products. The business logic of this application is entirely expressed in an OWL ontology and SWRL rules. The ontology and rules are not merely documentation or a specification of the application, they form the business logic of the application. In other words the application is ontology-centric. The application efficiently generates quotes, calculates the pricing of contracts and determines the applicability of a product based on an acceptance policy.
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