SYSTEM AND METHOD FOR RECEIVING ACTUAL TELEMATICS DATA FOR A VEHICLE BASED ON DETERMINATION OF AN INITIAL BENEFIT FROM PRELIMINARY TELEMATICS DATA COLLECTED BY A SMARTPHONE

• US 20150248731A1
• Filed: 05/18/2015
• Published: 09/03/2015
• Est. Priority Date: 05/22/2012
• Status: Active Grant

• Current Assignee: Hartford Fire Insurance Company (The Hartford Financial Services Group, Inc.)
• Original Assignee: Hartford Fire Insurance Company (The Hartford Financial Services Group, Inc.)
• Inventors: Fernandes, Steven J., Feero, Steven R.
• Granted Patent: US 9,672,569 B2
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: B60W 40/09 Driving style or behaviour
• CPC Class Codes: G06Q 40/08 Insurance
• CPC Class Codes: G07C 5/00 Registering or indicating the working of vehicles
• CPC Class Codes: G08G 5/0039 Modification of a flight plan

Abstract

A system and method are disclosed herein to receive preliminary telematics data collected by a smartphone and actual telematics data collected by a data collection device. The system includes a computer memory and a processor in communication with the computer memory. The computer memory stores the data indicative of preliminary telematics data collected by the smartphone, including at least one of geo-position information of the vehicle and vehicle kinematics data. The processor is configured to calculate an initial benefit based upon the preliminary telematics data, and apply the initial benefit in exchange for receiving the data indicative of actual telematics data via the data collection device within the vehicle. When the received data indicative of the actual telematics data meets a pre-determined condition, the processor may compute a final benefit based on the actual telematics data.

Claims

1. A computer system for receiving preliminary telematics data for a driver, determining an initial insurance policy benefit for the driver based on the preliminary telematics data, issuing an insurance policy to the driver responsive to receipt of data indicative of an agreement to participate in a telematics program by the driver, receiving data corresponding to actual telematics data, and, when the actual telematics data meets a pre-determined condition, determining a final insurance policy benefit for the driver, the system comprising:

a data storage device for storing data indicative of the preliminary telematics data collected by a smartphone associated with a vehicle; and

a computer processor in communication with the data storage device; and

a memory, coupled to the computer processor, storing program instructions for execution by the computer processor to;

receive, before the insurance policy for the vehicle has been issued to the driver, the preliminary telematics data collected by the smartphone associated with the vehicle;

determine, based on the preliminary telematics data received from the smartphone, the initial insurance policy benefit to be applied upon issuance of the insurance policy;

responsive to receipt of data indicative of the agreement to participate in the telematics program from the driver, issue the insurance policy to the driver in accordance with the initial insurance policy benefit;

receive, after the insurance policy for the vehicle has been issued to the driver, data corresponding to the actual telematics data collected after the issuance of the insurance policy by a data collection device within the vehicle, the actual telematics data comprising at least one of geo-position information of the vehicle and vehicle kinematics data for the vehicle;

determine whether the data corresponding to the actual telematics data meets the pre-determined condition,

responsive to a determination that the data corresponding to the actual telematics data meets the pre-determined condition;

determine, based on the data corresponding to the actual telematics data, the final insurance policy benefit; and

output an indication of the final insurance policy benefit for the insurance policy.

2. The computer system of claim 1, wherein the memory storing program instructions for execution by the computer processor to receive data corresponding to the actual telematics data comprises the memory storing program instructions for execution by the computer processor to receive the actual telematics data from the data collection device.

3. The computer system of claim 1, wherein the memory storing program instructions for execution by the computer processor to receive data corresponding to the actual telematics data comprises the memory storing program instructions for execution by the computer processor to receive a summary corresponding to the actual telematics data from a third party computer system.

4. The computer system of claim 3, wherein the memory storing program instructions for execution by the computer processor to determine the final insurance policy benefit based on the data corresponding to the actual telematics data comprises the memory storing program instructions for execution by the computer processor to:

receive one of a score and a discount from the third party computer system; and

determine the final insurance policy benefit based on the one of the score and the discount from the third party computer system.

5. The computer system of claim 1, wherein the memory storing program instructions for execution by the computer processor to determine the final insurance policy benefit based on the data corresponding to the actual telematics data comprises the memory storing program instructions for execution by the computer processor to:

receive one of a score and a discount from an independent underwriter computer system; and

determine the final insurance policy benefit based on the one of the score and the discount from the independent underwriter computer system.

6. The computer system of claim 1, wherein the data collection device being within the vehicle comprises the data collection device being one of inside the vehicle, attached to an outside of the vehicle, and integrated into the vehicle.

7. The computer system of claim 1, wherein the data collection device encrypts the actual telematics data and removes one or both of location information and speed information from the actual telematics data.

8. The computer system of claim 1, wherein the data collection device is configured to vary a rate of collection of actual telematics data based on vehicle behavior.

9. A computerized method for receiving preliminary telematics data for a driver, determining an initial insurance policy benefit for the driver based on preliminary telematics data, issuing an insurance policy to the driver responsive to receipt of data indicative of an agreement to participate in a telematics program by the driver, receiving data corresponding to actual telematics data, and, when the actual telematics data meets a pre-determined condition, determining a final insurance policy benefit for the driver, the method comprising:

receiving, by a communication device before the insurance policy for the vehicle has been issued to the driver, data indicative of preliminary telematics data collected by a smartphone associated with a vehicle, the preliminary telematics data comprising at least one of geo-position information of the vehicle and vehicle kinematics data;

automatically determining, by a computer processor based on the preliminary telematics data collected by the smartphone, the initial insurance policy benefit to be applied upon issuance of the insurance policy;

responsive to receiving data indicative of the agreement to participate in the telematics program from the driver, issuing by the computer processor the insurance policy to the driver in accordance with the initial insurance policy benefit;

receiving, by the communication device after the insurance policy for the vehicle has been issued to the driver seeking the insurance policy, data corresponding to the actual telematics data collected after the issuance of the insurance policy for the vehicle collected by a data collection device within the vehicle, wherein the actual telematics data includes at least one of geo-position information and kinematics data;

determining, by the computer processor, whether the data corresponding to the actual telematics data meets the pre-determined condition; and

responsive to a determination that the data corresponding to the actual telematics data meets the pre-determined condition;

automatically computing, by the computer processor, the final insurance policy benefit based on the actual telematics data;

replacing the initial insurance policy benefit with the final insurance policy benefit; and

outputting an indication of the final insurance policy benefit for the insurance policy.

10. The computerized method of claim 9, wherein receiving the data corresponding to the actual telematics data comprises receiving a summary corresponding to the actual telematics data from a third party system;

and

wherein determining the final insurance policy benefit based on the data corresponding to the actual telematics data comprises;

receiving one of a score and a discount from the third party system; and

determining the final insurance policy benefit based on the one of the score and the discount from the third party system.

11. The computerized method of claim 9, wherein determining the final insurance policy benefit based on the data corresponding to the actual telematics data comprises:

receiving one of a score and a discount from an independent underwriter system; and

determining the final insurance policy benefit based on the one of the score and the discount from the independent underwriter system.

12. The computerized method of claim 9, further comprising, prior to the determination that the data corresponding to the actual telematics data meets the pre-determined condition:

determining a range of potential final insurance benefits based on the data corresponding to the actual telematics data received before the determination that the data corresponding to the actual telematics data meets the pre-determined condition, and

outputting an indication of the range of the potential final insurance benefits of the insurance policy.

13. The computerized method of claim 9, wherein:

the initial insurance policy benefit comprises at least one of;

(i) an insurance premium percentage discount, (ii) an insurance premium monetary discount, (iii) an insurance coverage amount, and (iv) a deductible amount;

the preliminary telematics data collected by the smartphone includes at least one of;

(i) time of day information, (ii) day of week information, (iii) location information, (iv) velocity information, and (v) mileage information; and

the pre-determined condition associated with the actual telematics data comprises at least one of;

(i) a minimum period of time, and (ii) a minimum number of miles.

14. The computerized method of claim 9, further comprising outputting an indication of a suggested driving modification and a predicted final insurance benefit corresponding to adoption of the suggested driving modification by the driver.

15. The computerized method of claim 9, wherein the insurance policy comprises at least one of:

(i) a newly issued insurance policy, and (ii) an insurance policy renewal.

16. A computer system for receiving preliminary telematics data for a driver, determining an initial insurance policy benefit for the driver based on the preliminary telematics data, issuing an insurance policy to the driver responsive to receipt of data indicative of an agreement to participate in a telematics program by the driver, receiving data corresponding to actual telematics data, and, when the actual telematics data meets a pre-determined condition, determining a final insurance policy benefit for the driver, comprising:

a data storage device for storing data indicative of the preliminary telematics data collected by a smartphone associated with a vehicle;

a computer processor in communication with the data storage device; and

a memory, coupled to the computer processor, storing program instructions for execution by the computer processor to;

receive, before the insurance policy for the vehicle has been issued to the driver, data indicative of the preliminary telematics data collected by the smartphone associated with a vehicle, the preliminary telematics data comprising at least one of geo-positional information of the vehicle and vehicle kinematics data;

determine, based on the preliminary telematics data collected by the smartphone, the initial insurance policy benefit to be applied upon issuance of the insurance policy;

responsive to receipt of data indicative of the agreement to participate in the telematics program from the driver, issue the insurance policy in accordance with the initial insurance policy benefit;

receive, after the insurance policy for the vehicle has been issued to the driver seeking the insurance policy, the data corresponding to the actual telematics data collected after the issuance of the insurance policy for the vehicle by a data collection device within the vehicle, wherein the actual telematics data includes at least one of geo-position information and kinematics data;

determine whether the data corresponding to the actual telematics data meets the pre-determined condition;

responsive to a determination that the data corresponding to the actual telematics data meets the pre-determined condition;

automatically determine the final insurance policy benefit based on the actual telematics data; and

transmit to the driver an indication of the final insurance policy benefit for the insurance policy.

17. The computer system of claim 16, wherein the memory storing program instructions for execution by the computer processor to receive data corresponding to the actual telematics data comprises the memory storing program instructions for execution by the computer processor to receive a summary corresponding to the actual telematics data from a third party system.

18. The computer system of claim 17, wherein the memory storing program instructions for execution by the computer processor to determine the final insurance policy benefit based on the data corresponding to the actual telematics data comprises the memory storing program instructions for execution by the computer processor to:

receive one of a score and a discount from the third party system; and

determine the final insurance policy benefit based on the one of the score and the discount from the third party system.

19. The computer system of claim 16, wherein the memory storing program instructions for execution by the computer processor to determine the final insurance policy benefit based on the data corresponding to the actual telematics data comprises the memory storing program instructions for execution by the computer processor to:

receive one of a score and a discount from an independent underwriter system; and

determine the final insurance policy benefit based on the one of the score and the discount from the independent underwriter system.

20. The computer system of claim 16, wherein the memory stores further program instructions for execution by the computer processor to:

identify, from the data corresponding to the actual telematics data, safety events; and

determine, from the data corresponding to the actual telematics data, a severity estimation of the safety events.