Page 29 - The Insurance Times October 2025

children - lives saved. Though we know
that we are impermanent, we acquire
property for the benefit of our families.
Thus, we can pass on the value-added
property to the posterity. Salvage is a
wonderful learning weapon. Any insurer
can be discharged from responsibility by
paying claims.

Implementation and Part-
nership Opportunities

As the exclusive patent holders, Topspot
Insurance Broking offers unique collabo-
ration opportunities for various stake-
holders:
Ground Breaking Insurance Salvage Patent no.380579 For Insurance Companies: Enhanced claims process-
ing capabilities and demonstrated commitment to pub-
E. Legal and Technical Framework lic safety beyond profit margins.
The patent has been published in the official journal For Government Agencies: Advanced data analytics for
of the Patent Office under Section 43 of the Indian policy development and enhanced investigation capa-
Patent Act. This legal framework provides exclusive bilities for accident analysis.
rights to the patent holders while establishing a foun- For Technology Partners: Integration opportunities
dation for industry-wide implementation.
with cutting-edge salvage tracking solutions.
The invention aligns with recent developments in India's
patent landscape, particularly the CRI Guidelines 2025 Future Outlook and Expansion
which address computer-related inventions and empha-
The patent's broad applicability extends beyond automotive
size technical contributions and effects. The patent's
salvage to include consumer goods recovered from fire or
focus on solving technical problems through software-
flood damage, industrial equipment, and personal prop-
enhanced tracking systems positions it well within this erty with insurance history. This versatility positions
evolving legal framework.
the technology for expansion across multiple insurance
Industry Recognition and Validation sectors.
The achievement has garnered significant attention within From the smallest components to complete vehicle assem-
the insurance industry. The Insurance Times has dedicated blies, our system can track any manufactured article from
coverage to this breakthrough, describing it as a move to- insurance salvage:
ward making "insurers more humane". Industry publications Automotive Parts: Engine components, body panels,
recognize this as a landmark moment that redefines in- electronic systems
surer responsibility beyond traditional claim settlement. Consumer Goods: Items recovered from fire or flood
damage
The patent addresses a long-ignored dimension of the in-
Industrial Equipment: Machinery and tools from acci-
surance industry, challenging the conventional view that in-
dent sites
surers' responsibilities end with claim payments. This shift
toward extended responsibility represents a significant evo- Personal Property: Valuable items with insurance
lution in insurance industry practices. history

Thus, learning will happen from cradle to grave. Society be- The inventors envision a future where every salvaged item
comes a safer place. People will start respecting the rights carries its complete story, creating unprecedented trans-
and obligations of others. They would stop swearing while parency in salvage operations. This comprehensive approach
driving rashly. The innocent, their wives / husbands, their to tracking manufactured articles from insurance salvage

The Insurance Times October 2025 27