System and method for determining and monitoring auto insurance incentives
First Claim
1. A computer-implemented method for providing incentives or disincentives to an insured customer during the term of an insurance policy, the method comprising:
- receiving, via a computer network, sensor data from one or more sensors, the sensor data (i) including data that measures characteristics of an operating insured vehicle, and (ii) sent by the one or more sensors in real time during operation of the operating insured vehicle;
accessing vehicle conditions data including data related to an environment at a particular location;
once the sensor data is received from the one or more sensors, correlating the sensor data with the vehicle conditions data by;
determining that the operating insured vehicle is operating at the particular location, andcalculating a risk score for the insured customer based on at least a portion of the sensor data and at least a portion of the vehicle conditions data;
assigning, by one or more processors, the risk score to insurance policy data corresponding to the insured customer;
determining, by one or more processors, an action to execute an incentive or a disincentive for the insured customer based on the risk score; and
executing, by one or more processors, the action.
1 Assignment
0 Petitions
Accused Products
Abstract
A computer system or computer-implemented method may provide incentives to an insured customer for receiving sensor data indicating risk-reducing and risk-increasing behavior during the policy term. In-vehicle sensors or other devices may gather information about the vehicle and its use during the policy term and send the information to a back-end system for analysis. Based on this analysis, the back-end system may determine that the received information is indicative of risk-reducing or increasing behavior. Upon confirmation that the information indicates risk-reducing or increasing behavior, the back-end system may perform one or more actions defined by a set of rules to establish an incentive or disincentive for the customer corresponding to the behavior. For example, the system may modify the customer'"'"'s insurance policy data, send an e-mail, letter, gift card, coupon, points, or other incentive or disincentive for the customer based on the analysis.
90 Citations
20 Claims
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1. A computer-implemented method for providing incentives or disincentives to an insured customer during the term of an insurance policy, the method comprising:
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receiving, via a computer network, sensor data from one or more sensors, the sensor data (i) including data that measures characteristics of an operating insured vehicle, and (ii) sent by the one or more sensors in real time during operation of the operating insured vehicle; accessing vehicle conditions data including data related to an environment at a particular location; once the sensor data is received from the one or more sensors, correlating the sensor data with the vehicle conditions data by; determining that the operating insured vehicle is operating at the particular location, and calculating a risk score for the insured customer based on at least a portion of the sensor data and at least a portion of the vehicle conditions data; assigning, by one or more processors, the risk score to insurance policy data corresponding to the insured customer; determining, by one or more processors, an action to execute an incentive or a disincentive for the insured customer based on the risk score; and executing, by one or more processors, the action. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
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11. A computer device for providing incentives or disincentives to an insured customer during the term of an insurance policy, the computer device comprising:
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a memory storing computer executable instructions; and a processor coupled to the memory and configured to execute the computer executable instructions to cause the processor to; receive sensor data from one or more sensors, the sensor data (i) including data that measures characteristics of an operating insured vehicle, and (ii) sent by the one or more sensors in real time during operation of the operating insured vehicle, access vehicle conditions data including data related to an environment at a particular location, once the sensor data is received from the one or more sensors, correlate the sensor data with the vehicle conditions data by; determining that the operating insured vehicle is operating at the particular location, and calculating a risk score for the insured customer based on at least a portion of the sensor data and at least a portion of the vehicle conditions data, assign the risk score to insurance policy data corresponding to the insured customer, determine an action to execute an incentive or a disincentive for the insured customer based on the risk score, and execute the action. - View Dependent Claims (12, 13, 14, 15, 16, 17, 18, 19, 20)
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Specification