Motivation and General Description of the Automated Decision - Making Process for the Insurance/Actuarial Industry

The purpose of this paper is threefold: 1) to provide a description of the economic/financial benefits that the considered invention can bring about; 2) to offer a general explanation of how the system works; and 3) to generally describe the method (mathematical model) for determining secondary values having a second-highest priority representing one of the uniquely created formulae, with examples of pertinent applications.