gathering, by the computing device, a plurality of previous insurance application underwriting decisions, where the plurality of decisions have resulted in the same classification for respective prior applications to which the decisions are associated with, the plurality of decisions each comprise a plurality of features;

receiving, by the computing device, a request to underwrite an insurance application, where the request includes information about at least one application component;

defining, by the computing device, a first set comprising at least one of the plurality of previous insurance application underwriting decisions that is not dominated by any other of the plurality of previous insurance application underwriting decisions, such that the first set constitutes a Pareto-best subset;

defining, by the computing device, a second set comprising at least one of the plurality of previous insurance application underwriting decisions that does not dominate any of the other of the plurality of previous insurance application underwriting decisions, such that the second set constitutes a Pareto-worst subset, the first set and the second set being constituted by different previous insurance application underwriting decisions;

the first set and the second set associated with respective prior applications; and

comparing, by the computing device, the insurance application to the first set and the second set; and

wherein the insurance application comprises a plurality of features; and

where the comparing the insurance application to the first set and the second set further comprises:

comparing the at least one feature to a corresponding feature in the at least one of the plurality of previous insurance application underwriting decisions in the first set; and

comparing the at least one feature to a corresponding feature in the at least one of the plurality of previous insurance application underwriting decisions in the second set; and

where:

comparing the at least one feature to a corresponding feature in the first set further comprises determining if the at least one feature in the insurance application is dominated by the corresponding feature in the first set to generate a first dominated determination; and

comparing the at least one feature to a corresponding feature in the second set further comprises determining if the at least one feature in the insurance application is dominated by the corresponding feature in the second set to generate a second dominated determination;

each of the comparings including determining whether each of said feature in the insurance application represents greater or less risk than the corresponding feature in the first set or second set, respectively;

the process further including, based on the first and second dominated determinations, assessing, by the computing device, whether all the features of the application are dominated by all the corresponding features of the first set, and including assessing whether all the features of the application are dominated by all the corresponding features of the second set;

the process further including assigning, by the computing device, a risk assessment to the insurance application based on the assessings; and

outputting, by the computing device, the risk assessment.