INSURANCE RATE OPTIMIZATION THROUGH DRIVER BEHAVIOR MONITORING

• US 20150006207A1
• Filed: 09/19/2014
• Published: 01/01/2015
• Est. Priority Date: 12/02/2011
• Status: Active Grant

• Current Assignee: Spireon Incorporated (Solera Holdings Incorporated)
• Original Assignee: Spireon Incorporated (Solera Holdings Incorporated)
• Inventors: Jarvis, Brad, Pearlman, Richard Frank, Walsh, Sean Micheal, Schantz, Daris Amon, Gertz, Steven, Hale-Pletka, Alec Michael
• Granted Patent: US 10,169,822 B2
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: G06Q 10/06398 Performance of employee with respect to a job function
• CPC Class Codes: G06Q 10/0833 Tracking
• CPC Class Codes: G06Q 30/0207 Discounts or incentives, e.g. coupons or rebates
• CPC Class Codes: G06Q 30/0271 Personalized advertisement
• CPC Class Codes: G06Q 40/08 Insurance
• CPC Class Codes: G09B 19/14 Traffic procedures, e.g. traffic regulations
• CPC Class Codes: H04Q 2209/50 using a mobile data collecting device, e.g. walk by or drive by
• CPC Class Codes: H04Q 2209/80 Arrangements in the sub-station, i.e. sensing device
• CPC Class Codes: H04Q 2209/86 Performing a diagnostic of the sensing device
• CPC Class Codes: H04Q 9/00 Arrangements in telecontrol or telemetry systems for selectively calling a substation from a main station, in which substation desired apparatus is selected for applying a control signal thereto or for obtaining measured values therefrom

Abstract

Disclosed are a method and/or a system of insurance rate optimization through driver behavior which includes a computer server of the driver monitoring environment to determine if a newly insured driver operating a private vehicle is adhering to a set of parameters set by an entity i.e. a driving school, an insurance provider and/or a family member of the newly insured driver. The system assigns a credit to the newly insured driver when it adheres to the set of parameters. The newly insured driver is monitored by the entity. A metadata is generated which includes a behavioral trait of the newly insured driver and an insurance rate is set through the insurance provider based on an adherence to the set of parameters set by the entity.

Claims

1. A system of a driver monitoring environment comprising:

a computer server of the driver monitoring environment;

the computer server including one or more computers having instructions stored thereon that when executed cause the one or more computers;

to determine if a newly insured driver operating a private vehicle is adhering to a set of parameters set by an entity, wherein the entity is at least one of a driving school, an insurance provider, a family member of the newly insured driver, and

to assign a credit to the newly insured driver when the newly insured driver adheres to the set of parameters set by the entity using a processor and a memory, wherein the newly insured driver is monitored by the entity,

to generate a metadata comprising a behavioral trait of the newly insured driver, and

to set an insurance rate through the insurance provider based on an adherence to the set of parameters set by the entity.

2. The system of the driver monitoring environment of claim 1 further comprising:

to select an advertiser that targets the behavioral trait in promotion of at least one of a product and a service,

to present the advertiser with an advertising opportunity to the newly insured driver operating the private vehicle through a mobile device of the newly insured driver,

to permit the entity to configure the set of parameters, and

permitting the entity to assign a weight to each of the set of parameters.

3. The system of the driver monitoring environment of claim 2 further comprising:

to provide a punitive measure when the set of parameters is violated.

4. The system of the driver monitoring environment of claim 1 further comprising:

to set a curfew range on the private vehicle such that a movement of the private vehicle is limited to the curfew range, and

to monitor a set of sensors of the private vehicle to determine at least one of a geospatial location and a condition of the private vehicle.

5. The system of the driver monitoring environment of claim 1 further comprising:

to associate the private vehicle with the newly insured driver, and

to monitor a behavior of the newly insured driver when the newly insured driver is operating the private vehicle.

6. The system of the driver monitoring environment of claim 1 further comprising:

to determine whether the newly insured driver is adhering to the set of parameters set by the entity, and

to present an information to the newly insured driver that they have earned the credit toward a benefit based on the operating of the private vehicle by the newly insured driver.

7. A method comprising:

creating a competition between students of a driving school;

determining if a particular student operating a private vehicle is adhering to a set of parameters set by an entity, wherein the entity is at least one of the driving school, an insurance provider, a parent of the particular student, and a guardian of the particular student; and

assigning a credit to the particular student when the particular student adheres to the set of parameters set by the entity using a processor and a memory,

wherein the particular student is monitored by the entity;

generating a metadata comprising a behavioral trait of the particular student;

selecting an advertiser that targets the behavioral trait in promotion of at least one of a product and a service;

presenting the advertiser with an advertising opportunity to the particular student operating the private vehicle through a mobile device of the particular student; and

setting an insurance policy through the insurance provider based on an adherence to the set of parameters set by the entity.

8. The method of claim 7 further comprising:

permitting the entity to configure the set of parameters; and

permitting the entity to assign a weight to each of the set of parameters.

9. The method of claim 8 further comprising:

providing a punitive measure when the set of parameters is violated.

10. The method of claim 7 further comprising:

setting a curfew range on the private vehicle such that a movement of the private vehicle is limited to the curfew range; and

monitoring a set of sensors of the private vehicle to determine at least one of a geospatial location and a condition of the private vehicle.

11. The method of claim 7 further comprising:

associating the private vehicle with the particular student; and

monitoring a behavior of the particular student when the particular student is operating the private vehicle.

12. The method of claim 7 further comprising:

determining whether the particular student is adhering to the set of parameters set by the entity.

13. The method of claim 7 further comprising:

presenting an information to the particular student that they have earned the credit toward a benefit based on the operating of the private vehicle by the particular student.

14. A method comprising:

determining if a driver operating a private vehicle is adhering to a set of parameters set by an entity, wherein the entity is at least one of a driving school, an insurance company, a family member of the driver, and an acquaintance of the driver; and

assigning a credit to the driver when the driver adheres to the set of parameters set by the entity using a processor and a memory,

wherein the driver is monitored by the entity;

generating a metadata comprising a behavioral trait of the driver; and

setting an insurance policy through the insurance company based on an adherence to the set of parameters set by the entity.

15. The method of claim 14 further comprising:

selecting an advertiser that targets the behavioral trait in promotion of at least one of a product and a service;

presenting the advertiser with an advertising opportunity to the driver operating the private vehicle through a mobile device of the driver;

permitting the entity to configure the set of parameters; and

permitting the entity to assign a weight to each of the set of parameters.

16. The method of claim 14 further comprising:

providing a punitive measure when the set of parameters is violated.

17. The method of claim 14 further comprising:

setting a curfew range on the private vehicle such that a movement of the private vehicle is limited to the curfew range; and

monitoring a set of sensors of the private vehicle to determine at least one of a geospatial location and a condition of the private vehicle.

18. The method of claim 14 further comprising:

associating the private vehicle with the driver; and

monitoring a behavior of the driver when the driver is operating the private vehicle.

19. The method of claim 14 further comprising:

determining whether the driver is adhering to the set of parameters set by the entity.

20. The method of claim 14 further comprising:

presenting an information to the driver that they have earned the credit toward a benefit based on the operating of the private vehicle by the driver.