Jufeng “James” Peng

Title: Jufeng “James” Peng: Innovator in Vehicle Insurance Technology

Introduction

Jufeng “James” Peng is a notable inventor based in Normal, IL (US). He has made significant contributions to the field of vehicle insurance technology, holding a total of 6 patents. His work focuses on utilizing mobile devices to enhance the accuracy and efficiency of insurance premium calculations.

Latest Patents

One of Jufeng Peng's latest patents is a system and method that uses a mobile device to collect data for determining vehicle insurance premiums. This innovative system comprises a mobile device equipped with one or more sensors that automatically collect vehicle operation data during a data collection session. The device includes a processor, a non-transitory storage medium, a display, a transmitter, and a set of computer-readable instructions. When executed by the processor, these instructions enable the mobile device to collect and transmit vehicle operation data. Additionally, a remote processing computer receives this data, storing it in a database and utilizing a rating engine to determine the vehicle insurance premium based on the collected information.

Career Highlights

Jufeng Peng is currently employed at State Farm Mutual Automobile Insurance Company, where he continues to innovate in the insurance sector. His work has been instrumental in developing systems that leverage technology to improve insurance processes.

Collaborations

Throughout his career, Jufeng has collaborated with notable colleagues, including Benjamin F Bowne and Nicholas R Baker. These partnerships have contributed to the advancement of his projects and the overall innovation within the company.

Conclusion

Jufeng “James” Peng is a prominent figure in the realm of vehicle insurance technology, with a focus on mobile data collection for premium determination. His contributions are shaping the future of insurance practices, making them more efficient and data-driven.