Company Filing History:
Years Active: 2012-2013
Title: **Innovations by Steve McConnell in Insurance Coverage Systems**
Introduction
Steve McConnell, an accomplished inventor based in Marlborough, MA, has made significant contributions to the field of insurance technology. With a total of three patents to his name, McConnell's work focuses on systems and methods that streamline the processing of data related to insurance coverage.
Latest Patents
Among his latest innovations are two notable patents. The first patent is titled "System and method for processing data related to insurance coverage for multiple risks." This computer system involves a data storage device that retains crucial information about an insured individual, including their maximum benefit amount and allocations based on different categories of risks. The processor associated with this system has the capability to evaluate claims and determine eligibility for benefits based on predefined allocations.
The second relevant patent, "System and method for processing data related to insurance coverage for a plurality of risks," further enhances his initial invention. It incorporates an aggregate benefit amount that serves as the maximum benefit payable under insurance coverage while also categorizing health risks into two distinct groups. Similar to the first patent, it evaluates claims and determines eligibility, making insurance processing more efficient and reliable.
Career Highlights
Steve McConnell is currently employed at Hartford Fire Insurance Company, where he has been able to apply his innovative ideas into practical solutions that benefit both the company and its clients. His work significantly contributes to improving insurance claim processes and ensuring that individuals receive appropriate benefits.
Collaborations
In his professional journey, McConnell collaborates with notable colleagues such as Katherine Read and Edward Jaworski. Their combined expertise enhances the innovative environment within Hartford Fire Insurance Company and drives the development of advanced insurance technology solutions.
Conclusion
With three patents to his name, Steve McConnell stands out as a visionary in the insurance industry. His inventions are paving the way for more effective data processing systems, ensuring that insurance coverage can be managed more efficiently. McConnell’s contributions highlight the significance of innovation in enhancing the operational capabilities of insurance providers and improving the client experience.