Company Filing History:
Years Active: 2023-2024
Title: Innovations by Pavan Kumar Bhagavatula
Introduction
Pavan Kumar Bhagavatula is an accomplished inventor based in Normal, Illinois. He has made significant contributions to the field of insurance technology, particularly in the area of vehicle total loss claims. With two patents to his name, Bhagavatula's work demonstrates a commitment to improving processes within the insurance industry.
Latest Patents
Bhagavatula's latest patents focus on a method and system for the early identification and settlement of total loss claims. This innovative method involves retrieving a variety of historical vehicle records and labeling them as either repaired or total loss. The process includes calculating mean cost values, training a regression model, optimizing a probability threshold, and analyzing multiple inputs to generate accurate predictions. The computing system he developed comprises a transceiver, a processor, and memory that stores instructions. When executed, these instructions enable the system to receive and transmit answers, generate repair suggestions for repairable predictions, and create settlement offers for total loss predictions. This technology aims to streamline the claims process and enhance customer satisfaction.
Career Highlights
Pavan Kumar Bhagavatula is currently employed at State Farm Mutual Automobile Insurance Company, where he applies his expertise in developing innovative solutions for the insurance sector. His work has been instrumental in advancing the company's capabilities in handling vehicle claims efficiently.
Collaborations
Bhagavatula collaborates with talented professionals such as Carlee A Clymer and Gary Foreman, contributing to a dynamic work environment that fosters innovation and creativity.
Conclusion
Pavan Kumar Bhagavatula's contributions to the field of insurance technology through his patents reflect his dedication to improving industry practices. His innovative methods for handling total loss claims are set to make a significant impact on the insurance landscape.
Inventor’s Patent Attorneys refers to legal professionals with specialized expertise in representing inventors throughout the patent process. These attorneys assist inventors in navigating the complexities of patent law, including filing patent applications, conducting patent searches, and protecting intellectual property rights. They play a crucial role in helping inventors secure patents for their innovative creations.