Company Filing History:
Years Active: 2013-2014
Title: The Innovative Contributions of Matthew T. Frank
Introduction
Matthew T. Frank is a notable inventor based in Bloomington, IL (US), recognized for his contributions to the field of insurance technology. He holds a total of 4 patents, showcasing his innovative approach to solving complex problems in the insurance industry.
Latest Patents
Among his latest patents is a "Computer readable medium containing a set of computer readable instructions for grid-based insurance rating." This invention involves a computer-readable medium that, when loaded into a computer, configures it to receive various data types, including demographic and fire station data. It determines a coordinate grid block associated with a specific location and queries a database for existing data to calculate insurance rates based on this information.
Another significant patent is titled "Methods for grid-based rating insurance products using a programmed computer system." This method involves receiving a coordinate pair of a location, determining a target coordinate grid block, and querying databases for existing data associated with that grid block. It also includes calculating a pure premium based on an analysis of the data retrieved.
Career Highlights
Matthew T. Frank is currently employed at State Farm Mutual Automobile Insurance Company, where he applies his expertise in developing innovative insurance solutions. His work focuses on enhancing the efficiency and accuracy of insurance rating processes through advanced technology.
Collaborations
Throughout his career, Matthew has collaborated with talented individuals such as Curt Stewart and Neale McCormick. These partnerships have contributed to the development of his innovative patents and have fostered a collaborative environment for technological advancement.
Conclusion
Matthew T. Frank's contributions to the field of insurance technology through his patents and collaborative efforts highlight his role as an influential inventor. His work continues to shape the future of insurance rating systems, demonstrating the importance of innovation in this industry.