Company Filing History:
Years Active: 2013-2014
Title: Innovations by Greg D. Lindquist in Insurance Technology
Introduction
Greg D. Lindquist is an accomplished inventor based in Champlin, MN (US). He has made significant contributions to the field of insurance technology, particularly in the area of application processing and policy administration. With a total of 2 patents, Lindquist has developed innovative systems that enhance the efficiency and effectiveness of life insurance processing.
Latest Patents
Lindquist's latest patents include a "System and method for application processing and policy administration for insurance policies issued before comprehensive underwriting." This invention features a computer system designed to administer applications for life insurance. The system includes a processor and a memory storage device that work together to evaluate application data and the health status of a proposed insured. Based on this data, the system determines eligibility and generates an output signal to initiate policy generation and comprehensive underwriting. Additionally, it allows for the calculation of commissions and reinsurance premiums upon the issuance of a policy.
Another notable patent is the "System and method for administering insurance policies issued before comprehensive underwriting." This system also utilizes a processor and memory storage device to manage applications for life insurance. It assesses whether a proposed insured is eligible for life insurance before the completion of comprehensive underwriting. If eligible, the system generates an output signal to issue a policy and commence the underwriting process. It can also provide updates based on the results of the underwriting process.
Career Highlights
Greg D. Lindquist is currently employed at The Prudential Insurance Company of America, where he applies his expertise in insurance technology. His work focuses on improving the processes involved in life insurance applications and policy management. Lindquist's innovative solutions have the potential to streamline operations and enhance customer experiences in the insurance industry.
Collaborations
Lindquist has collaborated with notable colleagues, including Leslie Ann Reynolds and Michael J. Roscoe. These partnerships have contributed to the development of his patents and the advancement of insurance technology.
Conclusion
Greg D. Lindquist is a pioneering inventor whose work in insurance technology has led to significant advancements in application processing and policy administration. His contributions are shaping the future of the insurance industry, making it more efficient and user-friendly.