This inventor holds 3 USPTO granted patents and 2 published patent applications. Top assignee: State Farm Mutual Automobile Insurance Company. Active years: 2019-2022.
Company Filing History:
Years Active: 2019-2022
Title: Innovations by David A. Theile
Introduction
David A. Theile is an accomplished inventor based in Bloomington, IL (US). He has made significant contributions to the field of insurance technology, holding a total of 3 patents. His work focuses on improving the efficiency and effectiveness of insurance application processes.
Latest Patents
One of David's latest patents is a "System and method for real-time screening of a disability insurance applicant." This innovative system automatically screens applicants for disability insurance in real-time. If the results are favorable, it communicates acceptances and issues policies via wireless communication. The system calculates the applicant's BMI and rejects those whose BMI is too high or low. It also checks the applicant's prescription drug history, rejecting those with a history of serious medical conditions. The acceptance or rejection, along with a premium for the insurance product, is set based on the screening results. Additionally, the system can confirm the applicant's occupation class and obtain necessary reports. If rejected, applicants may still apply through an alternate non-real-time process.
Another notable patent is for an "Insurance application process providing bound online coverage for life insurance products." This patent describes methods and systems for a web-based application that allows customers to submit information for obtaining various insurance policy products. The application simplifies the process by filtering questions based on the customer's specific needs and previous answers. It also determines whether a customer qualifies for temporary or permanent life insurance coverage and provides a binding receipt of temporary insurance coverage upon payment.
Career Highlights
David A. Theile works at State Farm Mutual Automobile Insurance Company, where he applies his innovative ideas to enhance insurance services. His contributions have significantly improved the customer experience in obtaining insurance coverage.
Collaborations
David collaborates with talented individuals such as David Scott Etheridge and Randall Petersen, contributing to a dynamic work environment that fosters innovation.
Conclusion
David A. Theile's work in the insurance technology sector exemplifies the impact of innovation on traditional industries. His patents reflect a commitment to improving the insurance application process, making it more efficient and user-friendly.