System and method for determining an insurance premium based on analysis of human telematic data and vehicle telematic data
First Claim
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1. A method for processing vehicle operator status data, and historic vehicle data and user environmental data related to determination of an insurance quote comprising:
- providing a non-transitory computer-readable storage medium with instructions stored thereon that, when executed, direct a processor to perform acts comprising;
accessing user health telematic data via a telematics data acquisition device having at least one telematic sensor in direct physical contact with a user, the user health telematic data being indicative of the user'"'"'s health status while operating a vehicle;
accessing a historic vehicle telematic data via a telematics data acquisition device in communication with a vehicle operating status, the historic vehicle telematic being indicative at least one historical attribute of the vehicle;
accessing user environmental data collected by an environmental telematics data acquisition device worn by the user, wherein the environmental telematics data is indicative of a measured at least one user environmental data;
calculating an insurance quote based on the sensed user health telematic data, historic vehicle telematic data, and user environmental data; and
,transmitting the insurance quote to the user via a mobile device for immediate acceptance of the insurance quote.
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Abstract
Systems and methods are disclosed herein for pricing an insurance premium based on telematics data. The system includes a communications interface and a business logic processor in communication with the communications interface. The communications interface receives telematics data collected by a telematics acquisition device. A business logic processor determines an insurance quote for a user based on the received telematics data, vehicle data, and vehicle owner data. The communications interface transmits the insurance quote to the user of the vehicle.
24 Citations
20 Claims
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1. A method for processing vehicle operator status data, and historic vehicle data and user environmental data related to determination of an insurance quote comprising:
providing a non-transitory computer-readable storage medium with instructions stored thereon that, when executed, direct a processor to perform acts comprising; accessing user health telematic data via a telematics data acquisition device having at least one telematic sensor in direct physical contact with a user, the user health telematic data being indicative of the user'"'"'s health status while operating a vehicle; accessing a historic vehicle telematic data via a telematics data acquisition device in communication with a vehicle operating status, the historic vehicle telematic being indicative at least one historical attribute of the vehicle; accessing user environmental data collected by an environmental telematics data acquisition device worn by the user, wherein the environmental telematics data is indicative of a measured at least one user environmental data; calculating an insurance quote based on the sensed user health telematic data, historic vehicle telematic data, and user environmental data; and
,transmitting the insurance quote to the user via a mobile device for immediate acceptance of the insurance quote. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. The method of 12, wherein the current vehicle telematic data is at least one of a vehicle speed, vehicle location, vehicle drive time, and/or vehicle condition.
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14. A system for determining an insurance quote comprising:
a non-transitory computer-readable storage medium with instructions stored thereon that, when executed, direct a processor to perform acts, comprising; access user health telematic data via a telematics data acquisition device having at least one telematic sensor in direct physical contact with a user, the user health telematic data being indicative of the user'"'"'s health status while operating a vehicle; access historic vehicle telematic data via a telematics data acquisition device in communication with a vehicle operating status, the historic vehicle telematic data being indicative of at least one historical attribute of the vehicle; access user environmental telematics data collected by an environmental telematics data acquisition device worn by the user, wherein the user environmental telematics data is indicative of at least some user environmental data; calculate an insurance quote based on the sensed user health telematic data, historic vehicle telematic data, and user environmental data; and
,transmit the insurance quote to the user via a mobile device for immediate acceptance of the insurance quote. - View Dependent Claims (15, 16)
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17. A non-transitory computer-readable storage medium with instructions stored thereon that, when executed, direct a processor to perform acts comprising:
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accessing user health telematic data indicative of a user'"'"'s current health status while within a vehicle, wherein the user health telematic data is collected substantially continuously; accessing user environmental telematic data indicative of an environmental quality around the user; accessing historic vehicle telematic data indicative of the historical nature of prior vehicle use; calculating a risk level associated with the user health telematic data, user environmental telematic data, and the historic vehicle telematic data; calculating an insurance quote indicative of the risk level based upon the calculated risk level, and; transmitting the insurance quote to the user via a mobile device for immediate acceptance of the insurance quote. - View Dependent Claims (18, 19, 20)
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Specification