Location History:
- Mentor-on-the-Lake, OH (US) (2005)
- Independence, OH (US) (2013)
Company Filing History:
Years Active: 2005-2013
Title: Byron John Olexa: Innovator in Insurance Technology
Introduction
Byron John Olexa is a notable inventor based in Independence, OH (US). He has made significant contributions to the field of insurance technology, holding 2 patents that focus on innovative monitoring systems for insurance costs. His work aims to enhance the relationship between insured parties and insurers through advanced data processing and communication methods.
Latest Patents
Olexa's latest patents include a monitoring system designed to determine and communicate the cost of insurance. This system records, stores, calculates, and reviews various operational aspects of a machine, with insurance costs influenced by the activities of the machine operator. The system allows for potential discounts in exchange for the recorded operational data, which can be reviewed by the insured party. Additionally, it highlights information that may affect insurance costs and provides comparative insights to help operators understand how their behavior impacts their insurance rates.
Another significant patent involves a method and system for facilitating communication between insured individuals and insurers through an Internet communication scheme. This system processes acquired event and sensor data to compute insurance costs in real-time. It enhances user access to this data through advanced presentation systems, such as maps and service diagnostics, allowing for better decision-making regarding insurance services.
Career Highlights
Byron John Olexa is currently employed at Progressive Casualty Insurance Company, where he applies his innovative ideas to improve insurance processes. His work focuses on integrating technology with traditional insurance practices to create more efficient and user-friendly systems.
Collaborations
Olexa has collaborated with notable colleagues, including Robert John McMillan and Alan Rex Bauer, contributing to the development of cutting-edge insurance solutions.
Conclusion
Byron John Olexa's contributions to insurance technology through his patents demonstrate his commitment to innovation in the field. His work not only enhances the efficiency of insurance processes but also empowers users with valuable insights into their operational behaviors.