Benjamin A Friesen

Title: Inventor Spotlight: Benjamin A. Friesen

Introduction: Benjamin A. Friesen, based in Long Beach, California, is a notable inventor recognized for his contributions to the insurance industry through innovative technology solutions. With one patent to his name, he has significantly impacted the way insurance companies can detect and prevent fraud.

Latest Patents: Friesen's singular patent, titled "Detection of Insurance Premium Fraud or Abuse Using a Predictive Software System," addresses a crucial issue within the insurance sector. This predictive model employs derived variables to evaluate the likelihood of fraud associated with each policy. By generating a score, the model offers a quantitative assessment that helps identify potential premium fraud or abuse effectively. The system is designed to accept various insurance policies, determine which are suitable for scoring, store relevant data in a database, derive the necessary variables for analysis, and ultimately process the data to produce model scores and other pertinent information. Additionally, the system includes a rule-based analysis that detects specific inconsistencies indicative of premium fraud, further enhancing the detection process.

Career Highlights: Benjamin A. Friesen has made significant strides in his career at Fair Isaac Corporation, a company known for its advanced analytics and decision management solutions. His role at Fair Isaac positions him at the forefront of innovative technology in fraud detection, aligning with industry needs and helping to enhance risk management strategies.

Collaborations: Throughout his career, Friesen has collaborated with talented individuals in the field, including his colleagues Ho Ming Luk and Pamela E. Coates. These collaborations have likely contributed to the development and refinement of his patent, showcasing the importance of teamwork in driving innovation.

Conclusion: Benjamin A. Friesen exemplifies the spirit of innovation in the insurance industry. His patent for detecting premium fraud demonstrates a commitment to improving the integrity of insurance practices. With continuing advancements in technology and collaboration with his peers, Friesen's contributions are poised to influence the future of fraud detection in the insurance sector.