Does insurance industry have a patent? Yes, insurance does have a patent. But insurance companies didn’t often apply patents to protect their innovation. This article has focused its discussion on subclass 4 of UPC 705, and explores the technological trajectories and patent fields of insurance business methods. Moreover, it also discusses the possible impacts and strategies that companies should take after implementation of IPR (Intellectual Property Rights). Finally, several suggestions are made to companies in responses to this industrial restructure due to the implementation of IPR.