Insurance patent

Insurance patent


Under some patent laws, patents may be obtained for insurance-related inventions. Historically, patents could only cover the technological aspects of a new insurance invention.[1] This is still the case in most countries. In the United States, however, recent court decisions have encouraged more inventors to file patent applications on methods of doing business. These patents may be used to get more comprehensive coverage of improvements in basic insurance processes, such as the methods of calculating premiums, reserves, underwriting, etc. This is causing controversy in the insurance industry as some see it as a positive development and others see it as a negative development.

Insurance market: Standard & Poor's lowered the rating perspective for Eureko

Insurance market: Standard & Poor's lowered the rating perspective for Eureko

The Standard & Poor's rating agency has changed the Eureko's rating perspective from stable to negative. According to S&P, this change reflects fears regarding the effectiveness of Eureko on the Dutch market, especially regarding life insurance policies. Financial results of the Dutch holding from the half of the year show a decrease of life insurance profit from 324 mln EUR to 14 mln EUR (by 96%).

Insurance market: less mortgage credits and house policies

Insurance market: less mortgage credits and house policies

The crisis on the mortgage credit market might seriously influence the insurance companies. The market of housing policies, which increased last year by 20%, will slow down. Currently, many banks resign from foreign currency credits, which is a bad news for the insurers. Last year, the increase of profit from those policies amounted 100 mln zloty's.