You are using an outdated browser and your browsing experience will not be optimal. Please update to the latest version of Microsoft Edge, Google Chrome or Mozilla Firefox. Install Microsoft Edge

April 27, 2011

Business Method Patents for Life Insurance

Subscribe to Updates
Bangkok Post, Corporate Counsellor Column

Since ideas, concepts, processes, or solutions to design new life insurance products are patentable business methods in other countries, it is therefore surprising that life insurance companies in Thailand are able to copy life insurance products that are newly launched in the market. Business methods are new methods of doing business often found in many industries—especially in the services business sector such as insurance, banking and finance, tax compliance, and e-commerce. Since business methods are invented to increase business competitiveness, they are protectable to encourage creativity and boost industrial growth. Patent protection of business methods appears to be the ideal means of protecting these intangible assets

Download Full Article
Related Professionals
Varunee Ratchatapattanakul
Email

Industries

Insurance

Practices

Intellectual Property

Location

RELATED INSIGHTS​ 

April 10, 2019
The 2019 edition of the Insurance and Reinsurance Global Guide , a Practical Law Company publication that provides an overview of insurance and reinsurance law in 38 jurisdictions worldwide. The Myanmar chapter of the guide was written by members of Tilleke & Gibbins’ Yangon office, including Yuwadee Thean-ngarm, director, and Nwe Oo, attorney-at-law.
Read More
March 4, 2019
In January 2019, the Thai Cabinet agreed to propose the Marine Insurance Bill, as prepared by the Ministry of Finance, to the National Legislative Assembly for consideration. When the bill has been passed by both the House of Representatives and the Senate it will be passed to the monarch to be signed into law, and then published in the Government Gazette  before coming into force.
Read More
January 22, 2019
Following a recent announcement that Myanmar’s insurance market would soon open to foreign investment, on January 18, 2019, Myanmar’s Ministry of Planning and Finance issued a formal Request for Proposal (RFP) to life insurers, and Expression of Interest (EOI) Invitation Letters to life and non-life insurers, seeking to do business in Myanmar.Life Insurers—Proposals for 100% Foreign Owned Company
Read More
January 3, 2019
On January 2, 2019, Myanmar’s Ministry of Planning and Finance issued an announcement inviting local and foreign insurers to submit their Expressions of Interest (EOIs) and/or Requests for Proposals (RFPs) for carrying out life and non-life insurance businesses in the country. Successful EOIs and RFPs will ultimately lead to the grant of licenses to operate in the jurisdiction.The following licenses are available:Life Insurance
Read More