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, comprising:
- providing a non-transitory computer-readable storage medium with instructions stored thereon that, when executed, direct a processor to perform acts comprising;
accessing at least one of a user-health telematics data, a historic vehicle telematics data, and a user environmental data;
wherein the user-health telematics data is accessed via a telematics data acquisition device having at least one telematics sensor in physical contact with a user, the user-health telematic data being indicative of at least one user'"'"'s health status while operating a vehicle;
wherein the historic vehicle telematics data is accessed via a historic vehicle 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, and;
wherein the user environmental data is accessed via an environmental telematics data acquisition device that is indicative of at least one user environmental data;
calculating an insurance quote based on the accessed at least one user-health telematic data, at least one historic vehicle telematics data, and at least one 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.
22 Citations
20 Claims
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1. A method, comprising:
providing a non-transitory computer-readable storage medium with instructions stored thereon that, when executed, direct a processor to perform acts comprising; accessing at least one of a user-health telematics data, a historic vehicle telematics data, and a user environmental data; wherein the user-health telematics data is accessed via a telematics data acquisition device having at least one telematics sensor in physical contact with a user, the user-health telematic data being indicative of at least one user'"'"'s health status while operating a vehicle; wherein the historic vehicle telematics data is accessed via a historic vehicle 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, and; wherein the user environmental data is accessed via an environmental telematics data acquisition device that is indicative of at least one user environmental data; calculating an insurance quote based on the accessed at least one user-health telematic data, at least one historic vehicle telematics data, and at least one 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 telematics 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, comprising:
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one or more processors; and at least one memory storing computer readable instructions that;
when executed by the one or more processors, cause the system to;access at least one of a user-health telematics data;
a historic vehicle telematics data, and a user environmental telematics data;wherein the user-health telematics data is assessed via a telematics data acquisition device having at least one telematics sensor, the user-health telematic data being indicative of the user'"'"'s health status while operating a vehicle; wherein the historic vehicle telematics data is accessed via a telematics data acquisition device in communication with a vehicle operating status and being indicative of at least one historical attribute of the vehicle; wherein the user environmental telematics data is accessed via an environmental telematics data acquisition device that is indicative of at least one user environmental data; calculate an insurance quote based on the accessed user-health telematic data, historic vehicle telematics 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 at least one of a at least one user-health telematic data, at least one user environmental telematics data, and a at least one historic vehicle telematics data; wherein the at least one user-health telematics data is accessed via a telematics data acquisition device, the user-health telematic data is collected substantially continually and being indicative of at least one user'"'"'s health status while operating a vehicle; wherein the at least one user environmental telematic data is accessed via a telematics data acquisition device and is indicative of an environmental quality around the user; and
,wherein the at least one historic vehicle telematics data is accessed via a telematics data acquisition device and is indicative of a historical nature of prior vehicle use; calculating a risk level associated with the at least one user-health telematics data, at least one user environmental telematics data, and the at least one historic vehicle telematics 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