System and method for computing and scoring the complexity of a vehicle trip using geo-spatial information
First Claim
1. A system for pricing an insurance premium based on route complexity, the system comprising:
- a computer memory for storing telematics data received from a sensor within a vehicle during at least one trip, the telematics data comprising at least one of geo-position information of the vehicle and vehicle kinematics data; and
a processor in communication with the memory, wherein the processor is configured for;
retrieving information related to an automobile insurance policy;
retrieving at least a portion of the stored telematics data from the computer memory;
computing a complexity score of the at least one trip based on at least a fractal dimension of a two dimensional representation of a route traversed by the vehicle during the at least one trip derived from the retrieved telematics data;
storing the computed complexity score;
calculating a price adjustment for a premium for the automobile insurance policy based on the retrieved information related to the policy and the complexity score of the at least one trip;
applying the price adjustment to the insurance premium; and
outputting the adjusted price for the premium for the automobile insurance policy.
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Accused Products
Abstract
Systems and methods are disclosed herein for pricing an insurance premium based on route complexity. The system includes a computer memory and a processor in communication with the computer memory. The computer memory stores telematics data received from a sensor within a vehicle. The telematics data includes at least one of geo-position information of the vehicle and vehicle kinematics data. The processor is configured to compute a complexity score of the trip based on the telematics data. The processor is also configured to determine a price for automobile insurance for the driver based on the complexity score of the at least one trip.
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Citations
28 Claims
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1. A system for pricing an insurance premium based on route complexity, the system comprising:
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a computer memory for storing telematics data received from a sensor within a vehicle during at least one trip, the telematics data comprising at least one of geo-position information of the vehicle and vehicle kinematics data; and a processor in communication with the memory, wherein the processor is configured for; retrieving information related to an automobile insurance policy; retrieving at least a portion of the stored telematics data from the computer memory; computing a complexity score of the at least one trip based on at least a fractal dimension of a two dimensional representation of a route traversed by the vehicle during the at least one trip derived from the retrieved telematics data; storing the computed complexity score; calculating a price adjustment for a premium for the automobile insurance policy based on the retrieved information related to the policy and the complexity score of the at least one trip; applying the price adjustment to the insurance premium; and outputting the adjusted price for the premium for the automobile insurance policy. - View Dependent Claims (2, 3, 4)
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5. A system for pricing an insurance premium based on route complexity, the system comprising:
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a computer memory for storing telematics data received from a sensor within a vehicle during at least one trip taken by the vehicle while driven by a driver, the telematics data comprising at least one of geo-position information of the vehicle and vehicle kinematics data; and a processor in communication with the memory, wherein the processor is configured for; computing a complexity score of the at least one trip based on at least a fractal dimension of a two dimensional representation of a route traversed by the vehicle during the at least one trip derived from the telematics data received from the computer memory; and determining a price for automobile insurance for the driver based on the complexity score of the at least one trip. - View Dependent Claims (6, 7, 8, 9, 10, 11, 12, 13, 14)
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15. A method for pricing an insurance premium based on route complexity, the method comprising:
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receiving, by a processor, telematics data collected from a sensor coupled to a vehicle throughout a duration of at least one trip taken by the vehicle while driven by a driver, wherein the telematics data includes at least one of geo-position information of the vehicle and vehicle kinematics data; computing, by the processor, a complexity score of the at least one trip based or at least a fractal dimension of a two dimensional representation of the route traversed by the vehicle during the at least one trip derived from the telematics data; and determining, by the processor, a price for automobile insurance for the driver based on the complexity score of the at least one trip. - View Dependent Claims (16, 17, 18, 19, 20, 21, 22, 23, 24)
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25. A non-transitory computer readable medium having stored therein instructions for, upon execution, causing a computer to implement method for pricing an insurance premium based on route complexity, the method comprising:
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receiving, by a processor, telematics data collected from a sensor coupled to a vehicle throughout a duration of at least one trip taken by the vehicle while driven by a driver, wherein the telematics data includes at least one of geo-position information of the vehicle and vehicle kinematics data; computing, by the processor, a complexity score of the at least one trip based on at least a fractal dimension of a two dimensional representation of a route traversed by the vehicle during the at least one trip derived from the telematics data; and determining, by the processor, a price for automobile insurance for the driver based on the complexity score of the at least one trip. - View Dependent Claims (26, 27)
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28. A system for pricing an insurance premium based on route complexity, the system comprising:
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a computer memory for storing information related to an automobile insurance policy; and a processor in communication with the memory, wherein the processor is configured for; receiving a fractal complexity score of at least one trip taken by a vehicle while driven by a driver, wherein the fractal complexity score is based on at least a fractal dimension of a two dimensional representation of a route traversed by the vehicle during the at least one trip derived from telematics data received from a sensor within the vehicle, the telematics data comprising at least one of geo-position information of the vehicle and vehicle kinematics data; determining a price for automobile insurance for the driver based on the fractal complexity score of the at least one trip; and storing the price for the automobile insurance in the computer memory.
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Specification