Project scope - DolceraWiki

Rationale

Financial markets are a part of the changing business paradigms, across the globe - G. N. Bajpai
Today, globalization of competencies, thinking and perspectives has been the part of Strategic Action Plan of all the major players in the financial markets, globally - G. N. Bajpai
"The focus over the last year has been around proving the value of IT as a key contributor to business success," - David Holtzman
Real-time documents provide faster time to market with a personal touch - Penn National Insurance

Search date: 14 Sept, 2006

Database: Micropatent (PatSearch Fulltext)

Search Strings, Hits & Scope:

Search I
- Query: (Life) AND (Insurance OR Reinsurance OR Polic* OR Annuit*) - 532 hits
- Search scope – Title, Abstract & Claims, Date - 2000 till date
- Databases: US, EP, WO, JP, DE, GB and FR (common for all)
Search II
- Query: (computer) and (Insurance OR Reinsurance) and (Polic* OR Annuit*) – 511 hits
- Search scope – Title, Abstract & Claims, Date 1991 till date
Search III
- Query: (Insurance OR Reinsurance OR polic* or Annuit*) limited by assignee (Insurance OR Bank) – 345 hits
- Search scope – Title, Abstract & Claims, Date – 1991 till date – 345 hits
Total # of records - Search I + Search II + Search III = 1239 (excluding duplicates and family members but includes off-target)

Note: All search hits exclude family members and duplicate patent records

Insurance and risk management is an immense global industry. In America alone, the insurance business employs about 2.5 million people
Life and health insurance in the United States will be about a $725 billion in gross revenues business in 2006, compared to only about $500 billion in 2002
U.S. life insurance firms hold about $3.8 trillion in assets
Personal lines comprise another vast sector of insurance. For example, private passenger automobile insurance will be about a $172 billion annual premium market in the U.S. for 2006
Homeowners insurance is about a $50 billion market
Property and Casualty insurance premiums will total about $450 billion in the U.S. for 2006

Graph depicts IP activity based on publication year
866 patents filed in a span of 16 years (1991 - 15th Sept, 2006). Out of which 792 patents filed in last 7 years
Trend indicates high IP activity during 2002 followed by sudden fall during 2003, since then recovering gradually

Assignee wise IP activity

Assignee wise IP activity

Graph indicates IP activity based on priority country
Maximum number of patent records filed in United States (506) followed by Japan (314) and Australia (9)
Country code

Assignee wise IP activity

95 patents have been analyzed and categorized based on type of insurance
For definitions follow the link
Number in () indicates # of patents
Trend - Top insurance filing sectors
- Maximum number of patents file under life insurance category (39) followed by
- Automobile insurance (26) and
- Property insurance (7)

Distribution of patents - Level-I Analysis

Above 95 patents further analyzed for more granularity to project various patterns involved
Trend based on various activities under insurance:
- Maximum patent filed on insurance information management system (23) followed by
- Insurance payment process (21) and on
- Insurance selling system and various selling parameters (15)

Distribution of patents - Level-II Analysis

Automobile Insurance

Customize insurance policy and customized insurance premium for different cars and people
Keeping uninsured from driving

Casualty insurance

Health insurance

Pharmacy benefits calculator – selects a cost effective insurance plan form the group of plans

Life Insurance

Property insurance