This inventor holds 1 USPTO granted patent and 1 published patent application. Top assignee: Deloitte Development LLC. Active years: 2012.
Company Filing History:
Years Active: 2012
Title: The Innovative Contributions of Raymond E. Stukel
Introduction
Raymond E. Stukel is a notable inventor based in Elmhurst, IL (US). He has made significant contributions to the field of statistical modeling, particularly in the insurance industry. His work focuses on enhancing the understanding of profitability scores associated with insurance policies.
Latest Patents
Stukel holds a patent for a "Method and system for determining the importance of individual variables in a statistical model." This innovative method allows for the assessment of the importance of various variables that contribute to the overall score of a model predicting the profitability of an insurance policy. The patent addresses the complexities involved in interpreting mathematical formulas that determine why certain policyholders receive low or high scores. This clarity is essential for stakeholders, including policyholders, agents, underwriters, and regulators.
Career Highlights
Raymond E. Stukel is currently employed at Deloitte Development LLC, where he applies his expertise in statistical modeling to improve insurance profitability assessments. His work is instrumental in bridging the gap between complex mathematical calculations and practical applications in the insurance sector.
Collaborations
Stukel has collaborated with esteemed colleagues such as Cheng-Sheng Peter Wu and John R. Lucker. Their combined efforts contribute to the advancement of methodologies in statistical modeling and insurance profitability.
Conclusion
Raymond E. Stukel's innovative work in statistical modeling has made a significant impact on the insurance industry. His patent enhances the understanding of profitability scores, ensuring better communication among all stakeholders involved.