Project scope
From DolceraWiki
Contents
Search Strategy
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
Market data - Insurance sector
- 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
Year wise IP activity
- Graph depicts IP activity based on publication year
- Trend indicates high IP activity during 2002 followed by sudden fall during 2003, since then recovering gradually
Assignee wise IP activity
- Graph depicts assignee and number of patents to their credit
- Assignees having single patent record depicted in table
Country 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
Distribution of patents - Based on insurance type
- 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)
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Distribution of patents - Based on activity
- 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)
Overall Trend - Based on insurance sector and respective activities
Automobile Insurance
- Customize insurance policy and customized insurance premium for different cars and people
- Keeping uninsured from driving
Casualty insurance
- Automatic accident reporting system of an insured person
Health insurance
- Pharmacy benefits calculator – selects a cost effective insurance plan form the group of plans
General Insurance
- Capability modeling – Computerized, customized and flexible insurance accepting, declining and design system
- Contract management –
- Converting current insurance contract to newly launch insurance terms
- System for decreasing insurance – Computer program calculates point based on the transaction data
- Reducing insurance policy issuing time by automating assessment processing - Application contents are automatically assessed after checking predefined conditions on applicant terminal
- Real-time insurance coverage verification system
- Online policy and insurance portfolio analysis for greater value and low risk – Analyzing data of present and proposed insurance policies and provides user comparative output for different policies
- Automated insurance processing – processes (mainly verifies) current status of insurance policies
- Risk assessment system – evaluates history of natural/man made disasters in a particular geographical area and sets insurance premium
- Insurance selling system – online auction for life settlement and vertical transactions
- Straight through processing – Insurance policy issuance and management system
Life Insurance
- Annuity – Automated benefit scheme administration apparatus
- Package – Selling other services (funeral plan) along with life insurance
- Retirement – Computer based retirement planning and income arrangement system
Property insurance
- GPS Mobile insurance system – Monitoring current location and condition
