Company Filing History:
Years Active: 2019-2023
Title: Innovations by Erik Donahue
Introduction
Erik Donahue is an accomplished inventor based in Normal, Illinois. He has made significant contributions to the field of insurance technology, holding a total of seven patents. His work focuses on implementing advanced technologies to enhance the efficiency of insurance claims processing.
Latest Patents
One of Erik's latest patents is centered around implementing machine learning for life and health insurance claims handling. This patent discloses techniques for utilizing machine learning to improve the handling of claims. In specific scenarios, the machine-learning analytics model is trained using data relevant to insurance products, such as life and health insurance. A set of labeled historical claims, each corresponding to a settlement amount, is analyzed to train an artificial neural network. When a claim is received from a user's mobile device, it is analyzed using the trained neural network to predict a claim settlement. This prediction can then be used to generate a settlement offer, which is transmitted to the user's mobile device. If the user accepts the offer, the claim may be automatically paid.
Another notable patent is for a resource discovery agent computing device, software application, and method. This computer-implemented method retrieves information from various information services and provides it to a public application programming interface (API). The process involves receiving a request data message, calling a resource locator to find the information service, and transmitting messages to retrieve the requested data.
Career Highlights
Erik Donahue is currently employed at State Farm Mutual Automobile Insurance Company, where he applies his innovative ideas to improve insurance processes. His work has been instrumental in advancing the use of technology in the insurance industry.
Collaborations
Erik collaborates with talented individuals such as Gregory L. Hayward and Meghan Sims Goldfarb, contributing to a dynamic work environment that fosters innovation.
Conclusion
Erik Donahue's contributions to the field of insurance technology through his patents demonstrate his commitment to improving the efficiency of claims processing. His innovative approaches are paving the way for advancements in the insurance industry.