Matthew R Carrier

Title: Innovations by Matthew R Carrier in Commercial Insurance

Introduction

Matthew R Carrier, an innovative inventor located in Naperville, IL, has made significant contributions to the field of commercial insurance through his patents. With a total of two patents to his name, Carrier's work primarily focuses on developing systems that enhance the profitability and predictability of insurance policies.

Latest Patents

Carrier's latest inventions include a "Commercial insurance scoring system and method," which presents a quantitative approach to predicting commercial insurance profitability. This system utilizes external data sources to create a statistical model that can forecast the profitability of individual commercial insurance policyholders on a prospective basis. Remarkably, this predictive statistical model functions independently of the internal data and business practices of specific insurance companies, allowing for a more consistent and accurate assessment.

Career Highlights

Carrier is associated with Deloitte Development LLC, a company that emphasizes innovative solutions in business processes, including insurance. His work within this prominent firm signifies a commitment to enhancing operational efficiencies and profitability for clients in the insurance sector.

Collaborations

Throughout his career, Carrier has collaborated with notable professionals such as Frank M Zizzamia and Cheng-Sheng Peter Wu. These partnerships have further propelled the development of his innovative insurance methodologies.

Conclusion

In summary, Matthew R Carrier's patents reflect a progressive approach to commercial insurance by employing innovative scoring systems that rely on external data to provide accurate profitability predictions. His work not only positions him as a key inventor in the field but also contributes significantly to the evolution of commercial insurance practices.