Friday, November 18, 2016

US Patent Submitted – Patent Pending for Missing Link in Insurance Industry


After the considerable amount of work undertaken by our patent attorneys, a patent application was filed on October 11, 2016 with the U.S. Patent & Trademark Office for P&C Insurance Trust Automation and Financial Solvency Management technology. Two inventors take credit for the development of this unique product: Chris Marinescu and Emma Hart.
Chris Marinescu, President of Paulmar Software, Inc. stated: this product represents the “missing link” of P&C insurance agency automation. While not competing with current agency management systems, such as: AMS or Applied Systems, this product will easily integrate with them for complete automation of P&C agencies.  By fostering the outsourcing of agency’s trust account management, this product paves the way to rapid organic growth, higher productivity and increased profit performance. A significant advantage for both P&C producing agencies and insurance companies will follow as agencies will be able to focus solely on sales and service.
This product brings to the market a new fiduciary accounting concept for P&C insurance premium and return premium trust funds, fundamentally different from business accounting. A new trust financial solvency reporting system has been developed and included.
The introduction of this product into the marketplace will change the management paradigm of the P&C insurance brokerage industry and help it become leaner and significantly more efficient.    
To learn more about this product, go to www.paulmargroup.com/missinglinkpatent Or contact Emma Hart at emmahart@paulmargroup.com or 949/233-2545.