US Patent Issued to Allstate Insurance on May 19 for "Integrated ratemaking platform" (Illinois Inventors)

ALEXANDRIA, Va., May 19 -- United States Patent no. 12,632,903, issued on May 19, was assigned to Allstate Insurance Co. (Northbrook, Ill.).

"Integrated ratemaking platform" was invented by Nicholas J. Reed (Round Lake, Ill.), Randy Senko (Northbrook, Ill.), Kevin Secler (Northbrook, Ill.) and Venkat Gopalakrishnan (Aurora, Ill.).

According to the abstract* released by the U.S. Patent & Trademark Office: "Implementations include an integrated ratemaking platform utilizing a common rating core that combines the functionality of an analytics rating engine and the production rating engine. Through the platform, one or more rating plans may be generated from rating plan configurations provided to the system, analyzed for performance, and util...