System and method for computing trip score using geo-spatial information
First Claim
1. A system for converting geo-spatial information into insurance determinations based on vehicle trip data including a comparison of paths taken on a plurality of trips, the system comprising:
- a data collection device installed in a vehicle and configured to be automatically activated responsive to the vehicle being turned on, the data collection device being communicatively coupled to a vehicle computer of the vehicle via an on-board diagnostics port of the vehicle, the data collection device comprising;
a global navigation satellite system receiver, configured to determine, continuously and automatically, while the vehicle is in operation during the plurality of trips, geo-position information of the vehicle; and
a data collection device processor, configured to periodically pull geo-position data from the global navigation satellite system receiver;
the data collection device being configured to automatically transmit telematics data, the telematics data including the geo-position data; and
one or more data storage devices storing data indicative of the telematics data transmitted from the data collection device;
one or more computer processors in communication with the one or more data storage devices;
a communications device in communication with the one or more computer processors and the one or more data storage devices; and
a memory, coupled to the one or more computer processors, storing program instructions which, when executed by the one or more computer processors, cause the one or more computer processors to;
retrieve information related to an automobile insurance policy;
retrieve at least a portion of the stored data indicative of the telematics data from the computer memory, the retrieved data including locations defined by particular latitudes and longitudes;
determine for each of the locations a rounded location by applying a rounding operation on the particular latitudes and longitudes;
compute a trips score based on a comparison of paths taken on the plurality of trips, the comparison based at least in part on similarity of location data points along the paths, determined from the rounded location determined from the particular latitudes and longitudes from the retrieved telematics data, the comparison based on at least one of;
(i) a sequence alignment technique, (ii) a Smith-Waterman algorithm technique, and (iii) a Needleman-Wunsch algorithm technique;
store the computed trips score;
perform an insurance calculation for the automobile insurance policy based on the retrieved information related to the policy and the trips score; and
output an insurance determination for the automobile insurance policy based on the insurance calculation.
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Abstract
Systems and methods are disclosed herein for pricing an insurance premium based on a vehicle trip similarity score. 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 similarities score based on the telematics data. The processor is also configured to determine a price, price adjustment, or any other benefit for automobile insurance based on the similarities score.
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Citations
20 Claims
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1. A system for converting geo-spatial information into insurance determinations based on vehicle trip data including a comparison of paths taken on a plurality of trips, the system comprising:
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a data collection device installed in a vehicle and configured to be automatically activated responsive to the vehicle being turned on, the data collection device being communicatively coupled to a vehicle computer of the vehicle via an on-board diagnostics port of the vehicle, the data collection device comprising; a global navigation satellite system receiver, configured to determine, continuously and automatically, while the vehicle is in operation during the plurality of trips, geo-position information of the vehicle; and a data collection device processor, configured to periodically pull geo-position data from the global navigation satellite system receiver; the data collection device being configured to automatically transmit telematics data, the telematics data including the geo-position data; and one or more data storage devices storing data indicative of the telematics data transmitted from the data collection device; one or more computer processors in communication with the one or more data storage devices; a communications device in communication with the one or more computer processors and the one or more data storage devices; and a memory, coupled to the one or more computer processors, storing program instructions which, when executed by the one or more computer processors, cause the one or more computer processors to; retrieve information related to an automobile insurance policy; retrieve at least a portion of the stored data indicative of the telematics data from the computer memory, the retrieved data including locations defined by particular latitudes and longitudes; determine for each of the locations a rounded location by applying a rounding operation on the particular latitudes and longitudes; compute a trips score based on a comparison of paths taken on the plurality of trips, the comparison based at least in part on similarity of location data points along the paths, determined from the rounded location determined from the particular latitudes and longitudes from the retrieved telematics data, the comparison based on at least one of;
(i) a sequence alignment technique, (ii) a Smith-Waterman algorithm technique, and (iii) a Needleman-Wunsch algorithm technique;store the computed trips score; perform an insurance calculation for the automobile insurance policy based on the retrieved information related to the policy and the trips score; and output an insurance determination for the automobile insurance policy based on the insurance calculation. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. A computerized method for converting geo-spatial information into insurance determinations based on vehicle trip data including a comparison of paths taken on a plurality of trips, the method comprising:
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automatically activating a data collection device installed in a vehicle responsive to the vehicle being turned on, the data collection device being communicatively coupled to a vehicle computer of the vehicle via an on-board diagnostics port of the vehicle; continuously and automatically determining, by a global navigation satellite system receiver of the activated data collection device, while the vehicle is in operation during the plurality of trips, geo-position information of the vehicle; periodically pulling by a processor of the data collection device geo-position data from the global navigation satellite system receiver; automatically transmitting telematics data by the data collection device, the telematics data including the geo-position data; receiving, by one or more computer processors, data indicative of the telematics data, the received data including geo-position data including locations defined by particular latitudes and longitudes; determining, by the one or more computer processors, for each of the locations a rounded location by applying a rounding operation on the particular latitudes and longitudes; receiving, by the one or more computer processors, information related to an automobile insurance policy; computing, by the one or more computer processors, a trips score based on a comparison of paths taken on the plurality of trips, the comparison based at least in part on similarity of location data points along the paths, determined from the rounded locations determined from the telematics data, and the comparison based on at least one of;
(i) a sequence alignment technique, (ii) a Smith-Waterman algorithm technique, and (iii) a Needleman-Wunsch algorithm technique; andperforming, by the one or more computer processors, an insurance calculation for the automobile insurance policy based on the received information related to the automobile insurance policy and the trips score; and outputting, by the one or more computer processors, an insurance determination relating to the automobile insurance policy, wherein the insurance determination is based on the insurance calculation. - View Dependent Claims (11, 12, 13, 14, 15, 16, 17)
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18. A system for obtaining geo-spatial information and converting geo-spatial information into insurance determinations based on vehicle trip data including a comparison of paths taken on a plurality of trips, the system comprising:
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a data collection device installed in a vehicle and configured to be automatically activated responsive to the vehicle being turned on, the data collection device being communicatively coupled to a vehicle computer of the vehicle via an on-board diagnostics port of the vehicle, the data collection device comprising; a global navigation satellite system receiver, configured to determine, continuously and automatically, while the vehicle is in operation during the plurality of trips, geo-position information of the vehicle; and a data collection device processor, configured to periodically pull by a processor geo-position data from the global navigation satellite system receiver; the data collection device being further configured to automatically transmit telematics data, the telematics data including the geo-position data; one or more data storage devices for storing summary data indicative of the transmitted telematics data; one or more computer processors in communication with the one or more data storage devices; a communications device in communication with the one or more computer processors and the one or more data storage devices; and a memory, coupled to the one or more computer processors, storing program instructions which, when executed by the one or more computer processors, cause the one or more computer processors to; receive, by the communications device from a third party provider of trips scores, a trips score based on a comparison of paths taken on the plurality of trips, the comparison based at least in part on similarity of location data points along the paths, the plurality of trips represented in detailed data indicative of telematics data received by the third party provider of trips from a sensor within a vehicle associated with the plurality of trips, wherein the detailed data indicative of telematics data comprises at least one of geo-position information of the vehicle and vehicle kinematics data, the detailed data comprising particular latitude and longitude data, and wherein the trips score is determined based on applying to rounded latitude and longitude data based on the particular latitude and longitude data, at least in part on at least one of;
(i) a sequence alignment technique, (ii) a Smith-Waterman algorithm technique, and (iii) a Needleman-Wunsch algorithm technique;perform an insurance calculation for one of an existing or not yet issued automobile insurance policy, wherein the insurance calculation is based on the trips score; and output the insurance determination for the automobile insurance policy, wherein the insurance determination is based on the insurance calculation. - View Dependent Claims (19, 20)
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Specification