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 including data that measures characteristics of an operating insured vehicle and its use;
determining, by one or more processors, a risk score for the received sensor data;
assigning, by one or more processors, the risk score to insurance policy data corresponding to the insured customer, wherein a magnitude of the risk score is based on a degree that the risk score exceeds a threshold;
matching, by one or more processors, the determined risk score to a rule, the rule defining an action to execute an incentive or a disincentive for the insured customer based on the determined risk score; and
executing, by one or more processors, the action.
2 Assignments
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.
35 Citations
22 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 including data that measures characteristics of an operating insured vehicle and its use; determining, by one or more processors, a risk score for the received sensor data; assigning, by one or more processors, the risk score to insurance policy data corresponding to the insured customer, wherein a magnitude of the risk score is based on a degree that the risk score exceeds a threshold; matching, by one or more processors, the determined risk score to a rule, the rule defining an action to execute an incentive or a disincentive for the insured customer based on the determined 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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one or more processors; and one or more memories coupled to the one or more processors; the one or more memories including computer executable instructions stored therein that, when executed by the one or more processors, cause the one or more processors to; receive sensor data from one or more sensors, the sensor data including data that measures characteristics of an operating insured vehicle and its use; determine a risk score for the received sensor data; assign the risk score to insurance policy data corresponding to the insured customer, wherein a magnitude of the risk score is based on a degree that the risk score exceeds a threshold; match the determined risk score to a rule, the rule defining an action to execute an incentive or a disincentive for the insured customer based on the determined risk score; and execute the action. - View Dependent Claims (12, 13, 14, 15, 16, 17)
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18. A tangible computer-readable medium including non-transitory computer readable instructions stored thereon for providing incentives or disincentives to an insured customer during the term of an insurance policy, the instructions comprising:
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receiving sensor data from one or more sensors, the sensor data including data that measures characteristics of an operating insured vehicle and its use; determining a risk score for the received sensor data; assigning a risk score to insurance policy data corresponding to the insured customer, wherein a magnitude of the risk score is based on a degree that the received sensor data exceeds the sensor data threshold; matching the determined risk score to a rule, the rule defining an action to execute an incentive or a disincentive for the insured customer based on the determined risk score; and executing the action. - View Dependent Claims (19, 20, 21, 22)
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Specification