Difference between revisions of "Project scope"

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=Search Strategy=
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==Rationale==
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* Financial markets are a part of the changing business paradigms, across the globe - G. N. Bajpai
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* 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
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* "The focus over the last year has been around proving the value of IT as a key contributor to business success," - David Holtzman
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* Real-time documents provide faster time to market with a personal touch - Penn National Insurance
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==Search Strategy==
 
'''Search date:''' 14 Sept, 2006
 
'''Search date:''' 14 Sept, 2006
  
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=IP Activity Over Years=
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==Market data - Insurance sector==
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The total count here is not equal to 1239, 8 patents (priority date prior to 1990) have already been dropped during 1st filtering
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* Insurance and risk management is an immense global industry. In America alone, the insurance business employs about 2.5 million people<br>
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process.
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* 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<br>
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* U.S. life insurance firms hold about $3.8 trillion in assets<br>
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* 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<br>
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* Homeowners insurance is about a $50 billion market<br>
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* Property and Casualty insurance premiums will total about $450 billion in the U.S. for 2006
  
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[[image:IP activity.jpeg|thumb|center|700 px|IP Activity Over Years]]
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==Year wise IP activity==
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* Graph depicts IP activity based on publication year
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* 866 patents filed in a span of 16 years (1991 - 15th Sept, 2006). Out of which 792 patents filed in last 7 years
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* Trend indicates high IP activity during 2002 followed by sudden fall during 2003, since then recovering gradually
  
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'''Priority date:''' ''The initial date of filing of a patent application, normally in the applicant's domestic patent office.  
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[[Image:PUYear.png|thumb|center|600 px|Assignee wise IP activity]]
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This date is used to help determine the novelty of an invention.''
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=Assignees Involved – First cut=
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* Assignee names available for only 687 out of 1239 patents
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* 459 patents are having inventor name
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* In 93 patent records assignee name is not available
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* Dolcera will incorporate missing assignee names during the process wherever possible from known sources
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[[image:Assignees Involved – First cut.jpeg|thumb|center|700 px|Assignees Involved – First cut]]
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==Assignee wise IP activity==
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* Graph depicts assignee and number of patents to their credit
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=Other Assignees=
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* Assignees with less than 3 patent record is depicted in [[TABLE]]
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* There are other insurance companies also involved apart from key players which will be indicated in final report
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* MITSUI SUMITOMO INSURANCE leading in IP activity race with 60 patents to its credit, followed by TOKIO MARINE & FIRE INSURANCE with 49 and AIOI INSURANCE with 23 patent records to their credit
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* Technology companies apart from GE, IBM
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# Accenture
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# Nippon Electric
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# Ntt DoCoMo
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# Xerox Corp etc…..
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* Banks involved are
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# Bank Of America
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# Bank Of Montreal
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# Bank Of New York
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# Chase Manhattan Bank
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# First USA Bank
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# JP Morgan Chase Bank
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# UFJ Bank etc…….
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* Above and other Insurance, Banking and Technology assignees will be incorporated in final report
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=Note=
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* # of patents (1239) will be reduced after filtering off-target patents, so the numbers presented here will vary in final report
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* Patents will be considered for analysis starting date from 1990
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* Report completion will take 3-4 weeks
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=Deliverable=
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* Content
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# IP landscape
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# Competitor landscape
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# Market landscape
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# Technology landscape
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## Various dimensions under which patents have been filed
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## Core insurance firms patents on their internal processes
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## Technology companies and their activity in Insurance domain
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# Geographic distribution
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# Other standard Dolcera indicators (Dash board, Mind maps etc..)
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* Report format
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# Power point
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# Wiki
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=Insurance - Background=
 
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* '''Definition of Insurance :'''
 
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** Insurance is defined as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a premium and duty of care.
 
  
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=Distribution of patents - Based on insurance type=
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[[Image:PAssignee1.png|thumb|center|700 px|Assignee wise IP activity]]
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* 200 patents have been analyzed and categorized based on type of insurance
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'''Note''': Below mentioned assignees patents added together and presented as one in above graph
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* SUMITOMO LIFE INSURANCE and MITSUI SUMITOMO INSURANCE is presented as MITSUI SUMITOMO INSURANCE
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* GE MORTGAGE HOLDINGS and GE FINANCIAL ASSURANCE HOLDING is presented as GE FINANCIAL ASSURANCE HOLDING
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* NICHIDO FIRE & MARINE INSURANCE , TOKIO MARINE AND FIRE INSURANCE , TOKIO MARINE & NICHIDO LIFE  INSURANCE , TOKIO MARINE & NICHIDO FIRE INSURANCE and  TOKIO MARINE & FIRE INSURANCE is presented as TOKIO MARINE & FIRE INSURANCE
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* NIPPONKOA INSURANCE , NIPPON ELECTRIC and NIPPON LIFE INSURANCE is presented as NIPPON LIFE INSURANCE
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==Country wise IP activity==
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* Graph indicates IP activity based on priority country
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* United States with 506 patent records is the most happening destination for insurance related IP activities followed by Japan (314) and Australia (9)
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* [[Country code]]
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[[Image:PCountry.png|thumb|center|600 px|Assignee wise IP activity]]
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==Distribution of patents - Based on insurance type==
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* 95 patents have been analyzed and categorized based on type of insurance
 
* For definitions follow the [[link]]
 
* For definitions follow the [[link]]
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* Number in () indicates # of patents  
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* Number in ( ) indicates # of patents  
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[[Image:Overall_-_Insurance_types1.png|thumb|center|500 px|Distribution of patents - Level-I Analysis]]
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* '''Trend - Top insurance filing sectors'''
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** Maximum number of patents file under life insurance category (39) followed by
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** Automobile insurance (26) and
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** Property insurance (7)
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[[Image:Insurance_Types_(95).jpeg|thumb|center|600 px|Distribution of patents - Level-I Analysis]]
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==Distribution of patents - Based on activity==
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* Above 95 patents further analyzed for more granularity to project various patterns involved
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* '''Trend based on various activities under insurance: '''
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** Maximum patent filed on insurance information management system (23) followed by
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** Insurance payment process (21) and
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** Insurance selling system and various selling parameters (15)
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[[Image:Insurance_activity_-_95_(2).png|thumb|center|850 px|Distribution of patents - Level-II Analysis]]
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==Overall Trend - Based on insurance sector and respective activities==
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'''Automobile Insurance'''
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* Customize insurance policy and customized  insurance premium for different cars and people
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* Keeping uninsured from driving
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'''Casualty insurance'''
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* Automatic accident reporting system of an insured person
 +
 
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'''Health insurance'''
 +
* Pharmacy benefits calculator – selects a cost effective insurance plan form the group of plans
 +
 
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'''Life Insurance'''
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* 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
 +
 
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'''Property insurance'''
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* GPS Mobile insurance system – Monitoring current location and condition
  
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=Distribution of patents - Based on activity=
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==Insurance type Vs assignee and their activities==
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* Maximum patent filed on information management (33) followed by
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'''Automobile insurance'''
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* Insurance contract management system (28) and  
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* on various parameters of premium (18)
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[[Image:Insurance_Type_-_Activity_.png|thumb|center|800 px|Distribution of patents - Level-II Analysis]]
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[[Image:Automobile.png|thumb|center|850 px|Automobile insurance - Assignee wise patent distribution]]

Latest revision as of 19:21, 10 October 2006

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 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
  • 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 depicts assignee and number of patents to their credit
  • Assignees with less than 3 patent record is depicted in TABLE
  • MITSUI SUMITOMO INSURANCE leading in IP activity race with 60 patents to its credit, followed by TOKIO MARINE & FIRE INSURANCE with 49 and AIOI INSURANCE with 23 patent records to their credit


Assignee wise IP activity

Note: Below mentioned assignees patents added together and presented as one in above graph

  • SUMITOMO LIFE INSURANCE and MITSUI SUMITOMO INSURANCE is presented as MITSUI SUMITOMO INSURANCE
  • GE MORTGAGE HOLDINGS and GE FINANCIAL ASSURANCE HOLDING is presented as GE FINANCIAL ASSURANCE HOLDING
  • NICHIDO FIRE & MARINE INSURANCE , TOKIO MARINE AND FIRE INSURANCE , TOKIO MARINE & NICHIDO LIFE INSURANCE , TOKIO MARINE & NICHIDO FIRE INSURANCE and TOKIO MARINE & FIRE INSURANCE is presented as TOKIO MARINE & FIRE INSURANCE
  • NIPPONKOA INSURANCE , NIPPON ELECTRIC and NIPPON LIFE INSURANCE is presented as NIPPON LIFE INSURANCE

Country wise IP activity

  • Graph indicates IP activity based on priority country
  • United States with 506 patent records is the most happening destination for insurance related IP activities followed by Japan (314) and Australia (9)
  • Country code
Assignee wise IP activity

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)
Distribution of patents - Level-I Analysis

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
    • Insurance selling system and various selling parameters (15)
Distribution of patents - Level-II Analysis

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

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

Insurance type Vs assignee and their activities

Automobile insurance

Automobile insurance - Assignee wise patent distribution
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