Abstract: A method and system of forecasting reliability of an asset is provided. The method includes identifying peer units of the asset by using selected criteria, performing a search for the peer units based upon the selected criteria, and constructing local predictive models using the peer units. The method also includes estimating the future behavior of the asset based upon the local predictive models and dynamically updating the local predictive models to reflect at least one change in the criteria.

Abstract: A method for implementing and operating a decision system is provided. The method comprises collecting one or more input cases. Each input case defines a relationship in a decision space upon which the decision system is designed to operate. The method then comprises providing a configuration file accessible by a coordinating software module. The configuration file defines the transformation of data in the input cases into a format suitable for use by different software components that interact in the decision system. The configuration file can be modified to invoke different software components without re-writing the software components or altering the input cases. The method further comprises passing the one or more input cases to the coordinating software module. The method finally comprises translating the data in the one or more input cases in accordance with the transformation defined in the configuration file and passing the translated data to the decision system for processing a decision.

Abstract: A system and method is provided for using medication and medical impairment information in automated insurance underwriting. A method in accordance with embodiments of the invention may comprise the steps of identifying medication information provided by an applicant, identifying medical condition information provided by the applicant, assessing a consistency between the medication information and the medical condition information, and making at least one insurance underwriting decision based on the consistency between the medication information and the medical condition information.