MetLife has a total of 86 patents globally, out of which 35 have been granted. Of these 86 patents, more than 53% patents are active. United States of America is where MetLife has filed the maximum number of patents, followed by Canada and Australia, it has generated an annual revenue of $67.84 billion in the year 2020. Parallelly, United States of America seems to be the main focused R&D center and is also the origin country of MetLife.
MetLife was founded in the year 1868 by William P. Stewart. Company is doing business in insurance, annuities, and employee benefit programs. As of December 2021, MetLife has a market cap of $52.72 Billion.
Do read about some of the most popular patents of MetLife which have been covered by us in this article and also you can find MetLife’s patents information, the worldwide patent filing activity and its patent filing trend over the years, and many other stats over MetLife’s patent portfolio.
How many patents does the founder and CEO of MetLife have?
Founder: William P. Stewart and CEO: Michel A. Khalaf, both have 0 patents respectively.
How many patents does MetLife have?
MetLife has a total of 86 patents globally. These patents belong to 40 unique patent families. Out of 86 patents, 46 patents are active.
How many MetLife patents are Alive/Dead?
How Many Patents did MetLife File Every Year?
Are you wondering why there is a drop in patent filing for the last two years? It is because a patent application can take up to 18 months to get published. Certainly, it doesn’t suggest a decrease in the patent filing.
|Year of Patents Filing or Grant||MetLife Applications Filed||MetLife Patents Granted|
How Many Patents did MetLife File in Different Countries?
Countries in which MetLife Filed Patents
|United States Of America||53|
|Hong Kong (S.A.R.)||1|
Where are Research Centers of MetLife Patents Located?
10 Best MetLife Patents
US6275807B1 is the most popular patent in the MetLife portfolio. It has received 236 citations so far from companies like Lincoln National Life Insurance, Freemarkets and Samsung Electronics.
Below is the list of 10 most cited patents of MetLife:
|Publication Number||Citation Count|
Which Companies are using MetLife Patents to Advance their Research?
If patents or patents from a particular technology area of a company receive a lot of citations, it implies that the technology is being followed and incrementally innovated by the citing companies. It also indicates that citing companies are working on similar and closely related technologies.
The top citing companies in the MetLife patent portfolio are Hartford Fire Insurance Company, Bank Of America and Tata Consultancy Services.
List of the top forward citing Companies –
|Company||Number of Patents|
|Hartford Fire Insurance Company||6|
|Bank Of America||3|
|Tata Consultancy Services||2|
|American International Group||2|
|State Farm Mutual Automobile Insurance Company||2|
|The Prudential Insurance Company Of America||2|
|Lyxor Asset Management||1|
Count of 102 and 103 Type Rejections based on MetLife Patents
Top MetLife Patents used in Rejecting Most Patent Applications
|Patent Number||Count of Rejected Applications|
What Percentage of MetLife US Patent Applications were Granted?
MetLife (Excluding its subsidiaries) has filed 4 patent applications at USPTO so far (Excluding Design and PCT applications). Out of these 4 have been granted leading to a grant rate of 100%.
Below are the key stats of MetLife patent prosecution at the USPTO.
Which Law Firms Filed Most US Patents for MetLife?
|Law Firm||Total Application||Success Rate|
|Troutman Sanders Llp For Metropolitan Life||4||100.00%|
“At MetLife, innovation means reinvention, our process for continuously reimagining how we create and deliver new forms of value for our customers, employees, and business partners.”
MetLife is dedicated to using innovation to revolutionise the insurance sector. They are able to solve the genuine difficulties confronting their worldwide firm, producing breakthrough solutions for their businesses and consumers, by including as many associates as possible in the creative process and creating a secure environment for experimentation.
MetLife is leading the charge in transforming the global insurance industry by pursuing innovation and redefining the customer experience through digital technologies. MetLife is advancing digital automation, data analytics, product distribution, and innovation capabilities.
Customer platforms are the centre of digital automation robotic technology. The usage of robots complements the work of its employees, allowing them to concentrate on activities that require a human touch.
It’s all about the data science architecture in data analytics. MetLife is putting in place new procedures to handle data, link it to outcomes, and begin uncovering genuine insights. These data-driven insights have resulted in the development of new products and services that anticipate and meet customer requirements.
With the application of artificial intelligence, innovation is exploding (AI). MetLife has teamed up with IBM to create an industry-first Insurance Platform, clearing the way for new product development and tailored client support. They can gain deeper insights from data using a combination of AI, cognitive computing, and cloud technology. The platform improves existing customer service while also providing fresh information and data to attract new clients.
EXCLUSIVE INSIGHTS COMING SOON!
What are MetLife key innovation segments?
What Technologies are Covered by MetLife?
The chart below distributes patents filed by MetLife in different countries on the basis of the technology protected in patents. It also represents the markets where MetLife thinks it’s important to protect particular technology inventions.
R&D Focus: How MetLife search focus changed over the years?
EXCLUSIVE INSIGHTS COMING SOON!
Interested in knowing about the areas of innovation that are being protected by MetLife?