Travelers has a total of 214 patents globally, out of which 88 have been granted. Of these 214 patents, more than 29% patents are active. The United States of America is where Travelers has filed the maximum number of patents, followed by Canada and Europe. Parallelly, USA seems to be the main focused R&D center and is also the origin country of Travelers.
Travelers was founded in 1853 by James G. Batterson, Travelers is an insurance leader, committed to keeping pace with the ever-changing needs of their customers and anticipating their needs for the future. The company has been around for more than 165 years and earned a reputation as one of the best property casualty insurers in the industry. As of January 2022, Travelers has a market cap of $39.37 Billion.
Do read about some of the most popular patents of Travelers which have been covered by us in this article and also you can find Travelers patents information, the worldwide patent filing activity and its patent filing trend over the years, and many other stats over the Travelers patent portfolio.
How many patents does the CEO of Travelers have?
The CEO, Alan D. Schnitzer have 0 patents.
How many patents does Travelers have?
Travelers has a total of 214 patents globally. These patents belong to 114 unique patent families. Out of 214 patents, 62 patents are active.
How many Travelers patents are Alive/Dead?
How Many Patents did Travelers 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||Travelers Applications Filed||Travelers Patents Granted|
How Many Patents did Travelers File in Different Countries?
Countries in which Travelers Filed Patents
|United States Of America||155|
|Hong Kong (S.A.R.)||1|
Where are Research Centers of Travelers Patents Located?
10 Best Travelers Patents
US20090265193A1 is the most popular patent in the Travelers portfolio. It has received 642 citations so far from companies like Honeywell, General Electric, Denso and Amazon.
Below is the list of 10 most cited patents of Travelers:
|Publication Number||Citation Count|
Which Companies are using Travelers 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 Travelers patent portfolio are State Farm Mutual Automobile Insurance Company, Hartford Fire Insurance Company and Allstate.
List of the top forward citing Companies –
|Company||Number of Patents|
|State Farm Mutual Automobile Insurance Company||46|
|Hartford Fire Insurance Company||34|
|United Services Automobile Association (Usaa)||17|
|American International Group||3|
Count of 102 and 103 Type Rejections based on Travelers Patents
Top Travelers Patents used in Rejecting Most Patent Applications
|Patent Number||Count of Rejected Applications|
What Percentage of Travelers US Patent Applications were Granted?
Travelers (Excluding its subsidiaries) has filed 203 patent applications at USPTO so far (Excluding Design and PCT applications). Out of these 107 have been granted leading to a grant rate of 60.11%.
Below are the key stats of Travelers patent prosecution at the USPTO.
Which Law Firms Filed Most US Patents for Travelers?
|Law Firm||Total Applications||Success Rate|
|Stroock & Stroock & Lavan||19||78.95%|
|Michael A O Neil||14||85.71%|
|Wilmerhale New York||13||0.00%|
|Mh2 Technology Law Group||7||16.67%|
Travelers is the insurer of choice for a vast range of technology companies because companies understand what it means to be in business in the sector. We are focused intently on making sure that our competitive advantages are as relevant and differentiating tomorrow as they are today.
the undeniable choice for the customer and an indispensable partner for our agents and brokers.
This vision drives the company three innovation priorities:
- Extending our advantage in risk expertise.
- Providing great experiences for our customers, agents and brokers and employees.
- Optimizing our productivity and efficiency.We are pursuing innovation in service of our vision to be the undeniable choice for the customer and an indispensable partner to our agents and brokers. In support of that vision, we have three innovation priorities: extend our advantage in risk expertise; provide great experiences for our customers, agents and brokers; and optimize productivity and efficiency.
We are pursuing innovation in service of our vision to be the undeniable choice for the customer and an indispensable partner to our agents and brokers. In support of that vision, we have three innovation priorities: extend our advantage in risk expertise; provide great experiences for our customers, agents and brokers; and optimize productivity and efficiency.
Extend our advantage in risk expertise. Risk is an important competitive advantage developed over a long period of time and one that is very difficult to replicate. We seek to extend our advantage by investing in areas such as predictive modeling, advanced analytics, robotic process automation, machine learning, artificial intelligence and new products.
Provide great experiences for our customers, agents and brokers. When we think there is a proprietary advantage, we invest in building these capabilities ourselves. In other cases, we partner with, invest in or acquire organizations – both established businesses and startups. Both approaches have resulted in new and enhanced capabilities, such as on-demand certificates of insurance for Small Commercial accounts and a completely redesigned mobile app.
Optimize productivity and efficiency. Company continuously working to optimize our productivity and efficiency to enhance our operating leverage. We primarily do this through investing in technology and improving workflow. Enhanced operating leverage provides us with the flexibility to let the savings fall to the bottom line, reinvest the savings and/or compete on price without compromising our return objectives.
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What are Traveler’s key innovation segments?
What Technologies are Covered by Travelers?
The chart below distributes patents filed by Travelers in different countries on the basis of the technology protected in patents. It also represents the markets where Travelers thinks it’s important to protect particular technology inventions.
R&D Focus: How Travelers search focus changed over the years?
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Interested in knowing about the areas of innovation that are being protected by Travelers?