FRED Fuzzy Preference Decision Support System A knowledge-based Approach for fuzzy multiattribute Preference Decision Making

Life insurance takes into account interests of all groups involved; on the one hand the interests of the insurance company and on the other hand the interests of the clients. In this context the contract of insurance can be interpreted as a complex decision process which has to consider the different interests. In this article a method for checking an apply will be proposed. The method is motivated by fuzzifying an outranking approach. In the first step the apply will be prejudged by fuzzy inference and product rules and in a second step the analyzed alternatives of risk minimizing will be put in a hierachical order. The best alternative will be realized in a contract The method is realized in the decision support system FRED (fuzzy preference decision support system) which improves a decision support system (DSS) with a fuzzy knowledge-based element to get a usable tool for checking life insurance applies. The system is developed on a personal computer.