Pre-calculated insurance premiums with wildcarding
First Claim
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1. A system comprising:
- a vehicle telematics unit disposed inside a vehicle operated by a user, the vehicle telematics unit communicatively tethered to the vehicle and configured to measure one or more vehicle operational factors;
a user device comprising a display screen visible to the user;
an online vehicle insurance rating server comprising a computer processor and a computer memory storing computer-executable instructions;
a data storage unit communicatively coupled to the online vehicle insurance rating server, the data storage unit storing all ratings data in a single table comprising a plurality of embedded tables, wherein the single table comprises one or more wildcard values representing one or more factors that automatically match any value; and
a network communicatively coupling the online vehicle insurance rating server and the user device;
wherein the computer-executable instructions, when executed by the computer processor of the online vehicle insurance rating server, cause the online vehicle insurance rating server to;
store, in the computer memory by the computer processor, a data structure comprising combinations of a first plurality of personal insurance factors and a first plurality of vehicle operational factors, and a pre-calculated insurance premium amount associated with each combination, wherein the data structure comprises the one or more wildcard values in multiple fields of the data structure;
receive, by the computer processor using an input module, a second plurality of personal insurance factors associated with the user of the vehicle and a second plurality of vehicle operational factors of the vehicle of the user measured by the vehicle telematics unit, wherein the second plurality of personal insurance factors comprise at least a first personal insurance factor and a second personal insurance factor;
identify, by the computer processor using a search module, a plurality of pre-calculated insurance premium amounts in the data structure directly corresponding to the second plurality of personal insurance factors and the second plurality of vehicle operational factors;
aggregate, by the search module, the identified plurality of pre-calculated insurance premium amounts to determine an aggregated pre-calculated insurance premium amount;
determine, by the computer processor, based directly on the aggregated pre-calculated insurance premium amounts and without performing additional calculations, an insurance premium amount quote; and
output, by the computer processor, over the network to the display screen on the user device, the insurance premium amount quote.
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Abstract
Systems and methods involving a rating module that accesses a single, voluminous table or multiple tables stored in a searchable data store (e.g., database) to execute various queries (e.g., SQL JOIN) to search the table(s) is disclosed. The system may include—an underlying linear programming platform (e.g., optimization engine and associated components) that includes an application programmer'"'"'s interface (e.g., Python API) that may be used to perform optimization using illustrative optimization libraries (e.g., optimizer). The system may be communicatively coupled with a vehicle and/or other device to communicate/output ratings information to a user.
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Citations
18 Claims
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1. A system comprising:
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a vehicle telematics unit disposed inside a vehicle operated by a user, the vehicle telematics unit communicatively tethered to the vehicle and configured to measure one or more vehicle operational factors; a user device comprising a display screen visible to the user; an online vehicle insurance rating server comprising a computer processor and a computer memory storing computer-executable instructions; a data storage unit communicatively coupled to the online vehicle insurance rating server, the data storage unit storing all ratings data in a single table comprising a plurality of embedded tables, wherein the single table comprises one or more wildcard values representing one or more factors that automatically match any value; and a network communicatively coupling the online vehicle insurance rating server and the user device; wherein the computer-executable instructions, when executed by the computer processor of the online vehicle insurance rating server, cause the online vehicle insurance rating server to; store, in the computer memory by the computer processor, a data structure comprising combinations of a first plurality of personal insurance factors and a first plurality of vehicle operational factors, and a pre-calculated insurance premium amount associated with each combination, wherein the data structure comprises the one or more wildcard values in multiple fields of the data structure; receive, by the computer processor using an input module, a second plurality of personal insurance factors associated with the user of the vehicle and a second plurality of vehicle operational factors of the vehicle of the user measured by the vehicle telematics unit, wherein the second plurality of personal insurance factors comprise at least a first personal insurance factor and a second personal insurance factor; identify, by the computer processor using a search module, a plurality of pre-calculated insurance premium amounts in the data structure directly corresponding to the second plurality of personal insurance factors and the second plurality of vehicle operational factors; aggregate, by the search module, the identified plurality of pre-calculated insurance premium amounts to determine an aggregated pre-calculated insurance premium amount; determine, by the computer processor, based directly on the aggregated pre-calculated insurance premium amounts and without performing additional calculations, an insurance premium amount quote; and output, by the computer processor, over the network to the display screen on the user device, the insurance premium amount quote. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11)
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12. A method of calculating an insurance premium amount using an online vehicle insurance rating server, comprising:
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storing, in a computer memory by a computer processor of the online vehicle insurance rating server, a data structure comprising combinations of a first plurality of personal insurance factors and a first plurality of vehicle operational factors, and a pre-calculated insurance premium amount associated with each combination, wherein the data structure comprises one or more wildcard values in multiple fields of the data structure, wherein the one or more wildcard values represent one or more factors that automatically match any value; receiving, by the computer processor using an input module, a second plurality of personal insurance factors associated with a user of a vehicle, wherein the second plurality of personal insurance factors comprise at least a first personal insurance factor and a second personal insurance factor; receiving, by the computer processor and from a vehicle telematics unit disposed inside the vehicle associated with the user, a second plurality of vehicle operational factors of the vehicle of the user measured by the vehicle telematics unit, the vehicle telematics unit communicatively tethered to the vehicle and configured to measure one or more vehicle operational factors; identifying, by the computer processor using a search module, a plurality of pre-calculated insurance premium amounts in the data structure directly corresponding to the second plurality of personal insurance factors and the second plurality of vehicle operational factors received from the input module; aggregating, by the search module, the identified plurality of pre-calculated insurance premium amounts to determine an aggregated pre-calculated insurance premium amount; calculating, by the computer processor, based directly on the aggregated pre-calculated insurance premium amounts and without performing additional calculations, an insurance premium amount quote; and outputting, by the computer processor, over a network to a display screen on an electronic device, the insurance premium amount quote. - View Dependent Claims (13, 14, 15)
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16. A non-transitory computer-readable medium storing computer-executable instructions that, when executed by a computer processor, cause a system to:
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store, in a computer memory by the computer processor, a data structure comprising combinations of a first plurality of personal insurance factors and a first plurality of vehicle operational factors, and a pre-calculated insurance premium amount associated with each combination, wherein the data structure comprises one or more wildcard values in the data structure, and wherein the one or more wildcard values represent one or more factors that automatically match any value; receive, by the computer processor using an input module, a second plurality of personal insurance factors associated with a user of a vehicle, wherein the second plurality of personal insurance factors comprise at least a first personal insurance factor and a second personal insurance factor; receive, by the computer processor and from a vehicle telematics unit disposed inside the vehicle associated with the user, a second plurality of vehicle operational factors of the vehicle of the user measured by the vehicle telematics unit, the vehicle telematics unit communicatively tethered to the vehicle and configured to measure one or more vehicle operational factors; identify, by the computer processor using a search module, a plurality of pre-calculated insurance premium amounts in the data structure directly corresponding to the second plurality of personal insurance factors and the second plurality of vehicle operational factors received from the input module; aggregate, by the search module, the plurality of pre-calculated insurance premium amounts to determine an aggregated pre-calculated insurance premium amount; determine, by the computer processor, based directly on the aggregated pre-calculated insurance premium amounts and without performing additional calculations, an insurance premium amount quote; and output, by the computer processor, over a network to a display screen on a user device, the insurance premium amount quote. - View Dependent Claims (17, 18)
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Specification