Company Filing History:
Years Active: 2012-2013
Title: The Innovations of Robert Otis
Introduction
Robert Otis is a notable inventor based in San Antonio, TX (US). He has made significant contributions to the field of automobile insurance through his innovative patents. With a total of 2 patents, Otis has developed systems that enhance the way insurance rates are established.
Latest Patents
One of Robert Otis's latest patents is a system and method for establishing rates for an automobile insurance policy. This invention allows for the calculation of a single tier placement based on a combination of mutually exclusive factors derived from applicant data. The factors considered include a household driving record gradient, a stability gradient, and an operator driving record gradient. For new policies, additional factors such as a named insured driving experience gradient and a prior insurance gradient are included. In the case of renewal policies, factors like a household claims record gradient, a member relationship gradient, and an operator claims record gradient come into play. Importantly, no single factor serves as the sole determinant for tier placement.
Career Highlights
Robert Otis is currently employed at the United Services Automobile Association (USAA), where he applies his expertise in insurance rate calculations. His work has been instrumental in refining the processes that determine insurance premiums, making them more equitable and reflective of individual circumstances.
Collaborations
Throughout his career, Otis has collaborated with talented professionals such as Deborah Murphy and Thomas F Damrow. These partnerships have contributed to the development of innovative solutions in the insurance sector.
Conclusion
Robert Otis stands out as an influential inventor in the automobile insurance industry. His patents reflect a commitment to improving the accuracy and fairness of insurance rate assessments. His work continues to impact the field positively.