Changes

==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==

[[image:IP activity==Market data - Insurance sector==* Insurance and risk management is an immense global industry.jpeg|thumb|center|In America alone, the insurance business employs about 2.5 million people<br>* 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 px|IP Activity Over Years]]billion in 2002<br>* U.S. life insurance firms hold about $3.8 trillion in assets<br>* 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>* Homeowners insurance is about a $50 billion market<br>* Property and Casualty insurance premiums will total about $450 billion in the U.S. for 2006

'''Priority date:''' ''The initial date of filing of a patent application, normally in the applicant's domestic patent office. This date is used to help determine the novelty of an invention.''----=Assignees Involved – First cut=Year wise IP activity==* Assignee names available for only 687 out of 1239 patents Graph depicts IP activity based on publication year* 459 866 patents are having inventor namefiled in a span of 16 years (1991 - 15th Sept, 2006). Out of which 792 patents filed in last 7 years* In 93 patent records assignee name is not available * Dolcera will incorporate missing assignee names Trend indicates high IP activity during the process wherever possible from known sources2002 followed by sudden fall during 2003, since then recovering gradually

[[imageImage:Assignees Involved – First cutPUYear.jpegpng|thumb|center|500 600 px|Assignees Involved – First cutAssignee wise IP activity]]----=Other Assignees=Assignee wise IP activity==* There are other insurance companies also involved apart from key players which will be indicated Graph depicts assignee and number of patents to their credit* Assignees with less than 3 patent record is depicted in final report[[TABLE]]* Technology companies apart from GE MITSUI SUMITOMO INSURANCE leading in IP activity race with 60 patents to its credit, IBMfollowed by TOKIO MARINE & FIRE INSURANCE with 49 and AIOI INSURANCE with 23 patent records to their credit# Accenture# Nippon Electric# Ntt DoCoMo# Xerox Corp etc….[[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* Banks involved areSUMITOMO LIFE INSURANCE and MITSUI SUMITOMO INSURANCE is presented as MITSUI SUMITOMO INSURANCE# Bank Of America* GE MORTGAGE HOLDINGS and GE FINANCIAL ASSURANCE HOLDING is presented as GE FINANCIAL ASSURANCE HOLDING# Bank Of Montreal* 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# Bank Of New York* NIPPONKOA INSURANCE , NIPPON ELECTRIC and NIPPON LIFE INSURANCE is presented as NIPPON LIFE INSURANCE# Chase Manhattan Bank# First USA Bank==Country wise IP activity==# JP Morgan Chase Bank* Graph indicates IP activity based on priority country# UFJ Bank etc……* 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]] [[Image:PCountry.png|thumb|center|600 px|Assignee wise IP activity]] ==Distribution of patents - Based on insurance type==* Above 95 patents have been analyzed and other Insurance, Banking and Technology assignees will be incorporated categorized based on type of insurance* For definitions follow the [[link]]* Number in final report( ) 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)[[Image:Insurance_Types_(95).jpeg|thumb|center|600 px|Distribution of patents -Level--I Analysis]] =Note=Distribution of patents - Based on activity==* # of 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 (123923) will be reduced after filtering off-target patents, so the numbers presented here will vary in final reportfollowed by* Patents will be considered for analysis starting date from 1990* Insurance payment process (21) and* Report completion will take 3-4 weeks* Insurance selling system and various selling parameters (15) [[Image:Insurance_activity_-_95_(2).png|thumb|center|850 px|Distribution of patents -Level--II Analysis]] =Deliverable=Overall Trend - Based on insurance sector and respective activities=='''Automobile Insurance'''* ContentCustomize insurance policy and customized insurance premium for different cars and people# IP landscape * Keeping uninsured from driving# Competitor landscape# Market landscape'''Casualty insurance'''# Technology landscape * Automatic accident reporting system of an insured person## Various dimensions under which patents have been filed ## Core '''Health insurance firms patents on their internal processes'''## Technology companies and their activity in * Pharmacy benefits calculator – selects a cost effective insurance plan form the group of plans '''Life Insurance domain'''# Geographic distribution * Annuity – Automated benefit scheme administration apparatus# Other standard Dolcera indicators * Package – Selling other services (Dash board, Mind maps etc..funeral plan)along with life insurance* Report formatRetirement – Computer based retirement planning and income arrangement system# Power point# Wiki'''Property insurance'''* GPS Mobile insurance system – Monitoring current location and condition ==Insurance type Vs assignee and their activities=='''Automobile insurance''' [[Image:Automobile.png|thumb|center|850 px|Automobile insurance - Assignee wise patent distribution]]