Notably, the variety of web of things-related patent functions within the insurance coverage trade was 66 in Q3 2023, versus 67 within the prior quarter.
The highest 5 corporations accounted for 45% of patenting exercise
Evaluation of patenting exercise by corporations exhibits that State Farm Mutual Vehicle Insurance coverage filed probably the most web of issues patents throughout the insurance coverage trade 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 trade in Q3 2023 was within the US with 89%, adopted by China (3%) and Canada (2%). The share represented by the US was 16% larger than the 73% share it accounted for in Q2 2023.
For additional understanding of GlobalData’s Insurance coverage: Patents Traits Q3 2023, purchase the databook right here.