Company Filing History:
Years Active: 2022
Title: Innovations by Wanli Cheng in Insurance Forecasting
Introduction
Wanli Cheng is an accomplished inventor based in Houston, TX, known for his significant contributions to the field of insurance forecasting. With a total of two patents to his name, Cheng has developed innovative systems and methods that enhance the accuracy of predicting loss metrics in the insurance industry.
Latest Patents
Cheng's latest patents include "Systems and methods for forecasting loss metrics" and "Systems and methods for clustering data to forecast risk and other metrics." The first patent focuses on creating models that generate development curves to predict ultimate losses for long-tail losses, such as bodily injury claim payouts. This involves using historical data and relevant variables to train a predictive development model. The second patent addresses the clustering of data to train models for predicting loss metrics. It involves cleaning and aggregating historical data, generating clusters using various algorithms, and evaluating the accuracy of the models.
Career Highlights
Throughout his career, Wanli Cheng has worked with notable companies, including DataInfocom USA, Inc. His experience in these organizations has allowed him to refine his skills in data analysis and predictive modeling, contributing to his innovative patent developments.
Collaborations
Cheng has collaborated with talented individuals such as Wensu Wang and Chun Wang, further enhancing the quality and impact of his work in the field of insurance forecasting.
Conclusion
Wanli Cheng's innovative patents and career achievements reflect his dedication to improving the insurance industry through advanced forecasting methods. His work continues to influence how insurance companies predict and manage risk effectively.