Web of Issues associated patent filings decreased within the insurance coverage business in Q3 2023


Notably, the variety of web of things-related patent purposes within the insurance coverage business was 66 in Q3 2023, versus 67 within the prior quarter.

The highest 5 firms accounted for 45% of patenting exercise

Evaluation of patenting exercise by firms reveals that State Farm Mutual Vehicle Insurance coverage filed essentially the most web of issues patents throughout the insurance coverage business in Q3 2023. The corporate filed 14 web of things-related patents within the quarter, in contrast with 14 within the earlier quarter. It was adopted by Allstate with 8 web of issues patent filings, UnitedHealth Group (3 filings), and Mitsubishi Electrical (3 filings) in Q3 2023.

Patenting exercise was pushed by the US with an 89% share of complete patent filings

The most important share of web of issues associated patent filings within the insurance coverage business in Q3 2023 was within the US with 89%, adopted by China (3%) and Canada (2%). The share represented by the US was 16% increased than the 73% share it accounted for in Q2 2023.

For additional understanding of GlobalData’s Insurance coverage: Patents Tendencies Q3 2023, purchase the databook right here.

This content material was up to date on 16 October 2023

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GlobalData, the main supplier of business intelligence, offered the underlying information, analysis, and evaluation used to supply this text.

GlobalData’s Patent Analytics tracks patent filings and grants from official places of work all over the world. Textual evaluation and official patent classifications are used to group patents into key thematic areas and hyperlink them to particular firms the world over’s largest industries.

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