Company Filing History:
Years Active: 2012
Title: Michael R Pallesen: Innovator in Flexible Insurance Rating Calculation
Introduction
Michael R Pallesen is an accomplished inventor based in Ukiah, California. He has made significant contributions to the field of insurance technology, particularly through his innovative patent that enhances the efficiency of insurance rating calculations. His work is instrumental in providing flexible solutions that meet the evolving needs of the insurance industry.
Latest Patents
Michael R Pallesen holds a patent for a "System and method for flexible insurance rating calculation." This invention describes a product rate calculation system that operates as a rating server. The system is designed to be easily modified and expanded while providing quick and real-time responsiveness to product rate requests. It includes an interface to a product information database and a cache for storing product rate information, which allows for efficient reuse. The product rate information is processed through an expression evaluation routine, utilizing additional data such as look-up tables and consumer information to determine accurate product rates.
Career Highlights
Pallesen's career is marked by his role at Insweb Corporation, where he has applied his expertise in developing innovative insurance solutions. His work has not only advanced the technology used in insurance rating but has also contributed to the overall efficiency of the industry. His dedication to innovation is evident in the successful implementation of his patented system.
Collaborations
Throughout his career, Michael has collaborated with notable colleagues, including Vilas M Athavale and Sridhar Gunapu. These partnerships have fostered a creative environment that encourages the development of cutting-edge solutions in the insurance sector.
Conclusion
Michael R Pallesen is a notable inventor whose contributions to flexible insurance rating calculation have made a significant impact on the industry. His innovative approach and dedication to improving insurance technology continue to influence the field positively.