Company Filing History:
Years Active: 2012-2013
Title: The Innovative Mind of Wangyang Hu
Introduction: Wangyang Hu is an accomplished inventor based in Burlington, CT. With a repertoire of three patents, his contributions to the field of insurance technology are significant. He works for the Hartford Fire Insurance Company, where he continues to innovate and enhance claim processing systems.
Latest Patents: Wangyang Hu has developed notable patents that focus on improving the evaluation and prediction of insurance claims. His latest inventions include:
1. **System and Method for Calculating Estimated Claim Costs:** This patented computer system includes a data storage module that receives, stores, and provides access to historical claim data. It utilizes a categorical aggregation component, which aggregates historical claim data by categorizing claims based on their characteristics. The system assigns claims to various severity ranges and calculates the average cost per claim year for each range.
2. **System for Evaluating Potential Claim Outcomes Using Related Historical Data:** Similar to his first patent, this invention also features a data storage device. It provides access to historical claim data and categorizes this information to evaluate claim outcomes. This enhances the understanding of potential future claims based on previous data, offering a comprehensive approach to risk assessment in insurance.
Career Highlights: Wangyang Hu's career at the Hartford Fire Insurance Company showcases his dedication to improving claim evaluation processes. His innovative patents have positioned him as a key player in the development of technological solutions in the insurance industry.
Collaborations: Throughout his career, Wangyang has collaborated with talented professionals including his coworkers Kelly J McLaughlin and Kathleen F Maurer. Together, they contribute to advancing the capabilities and efficiency of claim processing systems.
Conclusion: Wangyang Hu exemplifies the spirit of innovation within the insurance sector. His patents not only address critical needs in the field but also pave the way for future advancements. His work at Hartford Fire Insurance Company continues to set benchmarks for excellence in insurance technology.