Location History:
- Avon, CT (US) (2013)
- South Windsor, CT (US) (2014)
Company Filing History:
Years Active: 2013-2014
Title: Paul M Fischer: Innovator in Life Insurance Technology
Introduction
Paul M Fischer is a notable inventor based in South Windsor, CT (US). He has made significant contributions to the field of life insurance technology, holding 2 patents that enhance the administration and pricing of life insurance policies. His work reflects a commitment to improving the efficiency and accessibility of life insurance products.
Latest Patents
Fischer's latest patents include a "System and method for administration of life insurance policy with accelerated benefits." This innovative computer system is designed to provide instructions for paying an owner of a life insurance policy accelerated benefits upon certification of the insured's loss of ability to perform daily activities or cognitive impairment. The system ensures that the death benefit is reduced accordingly with each periodic payment made.
Another significant patent is the "System and method for pricing and issuing level pay death benefit policies." This computer system facilitates the pricing of paycheck term policies by utilizing various input data sets, including the insured's issue age, desired death benefit amount, underwriting class, and interest rate factor. These advancements streamline the process of issuing life insurance policies, making it more efficient for both insurers and policyholders.
Career Highlights
Paul M Fischer is currently associated with The Prudential Insurance Company of America, where he applies his expertise in life insurance technology. His work has been instrumental in developing systems that not only enhance customer experience but also improve operational efficiency within the insurance sector.
Collaborations
Fischer has collaborated with notable colleagues, including Michael J Roscoe and Stephen A Roche. Their combined efforts contribute to the innovative solutions being developed in the life insurance industry.
Conclusion
Paul M Fischer's contributions to life insurance technology through his patents demonstrate his dedication to innovation in the field. His work continues to influence the way life insurance policies are administered and priced, ultimately benefiting both insurers and policyholders.