Difference between revisions of "Project scope"
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| + | ==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 Strategy== | ||
'''Search date:''' 14 Sept, 2006 | '''Search date:''' 14 Sept, 2006 | ||
| Line 20: | Line 26: | ||
'''Note:''' ''All search hits exclude family members and duplicate patent records'' | '''Note:''' ''All search hits exclude family members and duplicate patent records'' | ||
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==Market data - Insurance sector== | ==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<br> | * Insurance and risk management is an immense global industry. In America alone, the insurance business employs about 2.5 million people<br> | ||
| Line 30: | Line 37: | ||
==Year wise IP activity== | ==Year wise IP activity== | ||
* Graph depicts IP activity based on publication year | * 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 | * Trend indicates high IP activity during 2002 followed by sudden fall during 2003, since then recovering gradually | ||
| Line 36: | Line 44: | ||
==Assignee wise IP activity== | ==Assignee wise IP activity== | ||
* Graph depicts assignee and number of patents to their credit | * Graph depicts assignee and number of patents to their credit | ||
| − | * Assignees | + | * 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 | ||
| − | [[Image: | + | |
| + | [[Image:PAssignee1.png|thumb|center|700 px|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== | ==Country wise IP activity== | ||
* Graph indicates IP activity based on priority country | * 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]] | * [[Country code]] | ||
| Line 50: | Line 66: | ||
* 95 patents have been analyzed and categorized based on type of insurance | * 95 patents have been analyzed and categorized based on type of insurance | ||
* For definitions follow the [[link]] | * For definitions follow the [[link]] | ||
| − | * Number in () indicates # of patents | + | * Number in ( ) indicates # of patents |
* '''Trend - Top insurance filing sectors''' | * '''Trend - Top insurance filing sectors''' | ||
** Maximum number of patents file under life insurance category (39) followed by | ** Maximum number of patents file under life insurance category (39) followed by | ||
| Line 61: | Line 77: | ||
* '''Trend based on various activities under insurance: ''' | * '''Trend based on various activities under insurance: ''' | ||
** Maximum patent filed on insurance information management system (23) followed by | ** Maximum patent filed on insurance information management system (23) followed by | ||
| − | ** Insurance payment process (21) and | + | ** Insurance payment process (21) and |
** Insurance selling system and various selling parameters (15) | ** Insurance selling system and various selling parameters (15) | ||
| − | [[Image: | + | [[Image:Insurance_activity_-_95_(2).png|thumb|center|850 px|Distribution of patents - Level-II Analysis]] |
==Overall Trend - Based on insurance sector and respective activities== | ==Overall Trend - Based on insurance sector and respective activities== | ||
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'''Health insurance''' | '''Health insurance''' | ||
* Pharmacy benefits calculator – selects a cost effective insurance plan form the group of plans | * Pharmacy benefits calculator – selects a cost effective insurance plan form the group of plans | ||
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'''Life Insurance''' | '''Life Insurance''' | ||
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'''Property insurance''' | '''Property insurance''' | ||
* GPS Mobile insurance system – Monitoring current location and condition | * GPS Mobile insurance system – Monitoring current location and condition | ||
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| + | ==Insurance type Vs assignee and their activities== | ||
| + | '''Automobile insurance''' | ||
| + | |||
| + | [[Image:Automobile.png|thumb|center|850 px|Automobile insurance - Assignee wise patent distribution]] | ||
Latest revision as of 19:21, 10 October 2006
Contents
- 1 Rationale
- 2 Search Strategy
- 3 Market data - Insurance sector
- 4 Year wise IP activity
- 5 Assignee wise IP activity
- 6 Country wise IP activity
- 7 Distribution of patents - Based on insurance type
- 8 Distribution of patents - Based on activity
- 9 Overall Trend - Based on insurance sector and respective activities
- 10 Insurance type Vs assignee and their activities
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
- 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
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
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
- Insurance selling system and various selling parameters (15)
.png)
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
