AIG’s patent involves a system using computer vision and sensors to automatically identify property risks, reducing accidents. The technology captures images, detects objects, determines compliance with regulations, and generates compliance reports. GlobalData’s report on American International Group Inc (AIG) gives a 360-degree view of the company including its patenting strategy. Buy the report here.

According to GlobalData’s company profile on American International Group Inc (AIG), Digital lending was a key innovation area identified from patents. American International Group Inc (AIG)'s grant share as of January 2024 was 57%. Grant share is based on the ratio of number of grants to total number of patents.

Automated system for identifying property-related risks using computer vision

Source: United States Patent and Trademark Office (USPTO). Credit: American International Group Inc (AIG)

A recently granted patent (Publication Number: US11875410B2) discloses a computing device designed to enhance safety and compliance monitoring at site locations. The device utilizes a camera to capture images of objects, employs a Convolutional Neural Network (CNN) for object detection, and analyzes edge data to identify object types. By comparing sensor data to regulation information, the device can determine compliance with logic rules and generate compliance reports. Additionally, the device can prioritize objects based on potential risks, identify hazardous objects using insurance claims data, and integrate contextual and semantic information for a comprehensive analysis.

Furthermore, the patent details a method and a computer-readable medium storing instructions for the computing device to perform the functions described above. The method involves capturing images, detecting objects using CNN, identifying object types through edge analysis, and assessing compliance with regulation information. It also includes features such as prioritizing objects, utilizing insurance claims data for hazard identification, and displaying prompts for user interaction. The computer-readable medium enables the device to execute these functions efficiently, providing a robust system for safety and compliance monitoring at various site locations.

To know more about GlobalData’s detailed insights on American International Group Inc (AIG), buy the report here.

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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.