Visible insurance

• US 9,996,884 B2
• Filed: 07/21/2015
• Issued: 06/12/2018
• Est. Priority Date: 11/26/2008
• Status: Active Grant

• Current Assignee: Great Lakes Incubator, LLC
• Original Assignee: Great Lakes Incubator, LLC
• Inventors: Collopy, Fred, Nard, Craig Allen, Amin, Himanshu S., Turocy, Gregory, Murphy, Patrica Sue, Krosky, Ronald Charles, Noonan, David, Narvaez, Gustavo Arnaldo, Asquith, Brian
• Primary Examiner(s): Baird, Edward J
• Application Number:
  US14/805,133
• Publication Number:
  US 20150324927A1
• Time in Patent Office: 1,057 Days
• Field of Search: 705 4, 705 35- 40
• CPC Class Codes: G06Q 30/0201 Market modelling; Market analysis; Collecting market data
• CPC Class Codes: G06Q 30/0224 based on user history
• CPC Class Codes: G06Q 30/0251 Targeted advertisements
• CPC Class Codes: G06Q 30/0265 Vehicular advertisement
• CPC Class Codes: G06Q 30/0269 based on user profile or attribute
• CPC Class Codes: G06Q 30/0273 Determination of fees for advertising
• CPC Class Codes: G06Q 30/04 Billing or invoicing
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

Real-time insurance rates can be generated and presented to a driver—as the rate changes, the change can be shown through an interface. Different factors can be evaluated and based upon a result of the evaluation, the rate can be determined. The determination can be performed locally at a vehicle as well as by an insurance company. A bidding process can be used where different insurance companies supply rates and a user or automated process selects the rate for use—the selected rate is conveyed upon the interface.

Claims

1. A computer implemented system for rendering insurance information, comprising:

a special purpose processor specifically configured to execute the following computer executable components stored on a storage medium;

a collections component that identifies an opportunity to provide a real-time insurance rate, and collects contextual information, driver history metadata, and real-time vehicle operation information, wherein the collected information is evaluated and used to calculate the real-time insurance rate, and to supply the real-time insurance rate;

an analysis component that receives and evaluates the real-time vehicle operation information, road condition data, weather data, traffic data, and current vehicle operation by the user;

an artificial intelligence component that learns from the real-time vehicle operation information, road condition data, weather data, and traffic data, the current vehicle operation by the user, and facilitates making determinations or inferences regarding risk assessment relating to real-time operation of the vehicle, appropriate insurance rates and projected insurance rates; and

a rendering component that employs a regression-based method that reduces complex multi-dimensional data available through an insurer network to a single or small number of values, the single or small number of values represented as color(s) produced by LEDs, and represents how safely the vehicle is being driven, and renders on a display a real-time insurance rate that is based at least in part on a result of the evaluation by the analysis component, wherein the display of the vehicle is physically integrated upon a dashboard of the vehicle, is a heads-up display, is located within the vehicle or a combination thereof.

2. The system of claim 1, wherein the collection component obtains metadata that pertains to current vehicle operation by the user.

3. The system of claim 2, further comprising a search component that locates an information source, wherein the information source provides at least a portion of the insurance rate information or the metadata that pertains to current vehicle operation by the user obtained by the collection component.

4. The system of claim 1, wherein the analysis component employs at least one regression-based technique to perform at least part of the evaluation.

5. The system of claim 1, wherein the rendering component renders, in addition to the real-time insurance rate, driving feedback information, an indicator showing at least one standard to achieve an insurance rate modification, a status of at least one standard to achieve an insurance rate modification, or a combination thereof.

6. The system of claim 1, further comprising:

an assessment component that appraises at least one contextual factor related to current vehicle operation by the user; and

a calculation component that determines the insurance rate that is rendered based upon an outcome of the appraisal and the evaluation.

7. The system of claim 6, wherein the assessment component functions as part of a cellular telephone, radio frequency identifier, keyfob, or a combination thereof.

8. The system of claim 6, wherein the at least one contextual factor includes a traffic level, a number of passengers in the vehicle, a status of a operator related to engagement of a cellular telephone communication, time of day, weather, history of a neighborhood, intended destination, real-time vehicle condition, or a combination thereof.

9. The system of claim 1, further comprising a personalization component that enables modification of the display, wherein the modification includes information displayed, location of the displayed information, where the interface displays, or a combination thereof.

10. A method for real-time insurance rate calculation, comprising:

using a special purpose processor specifically to execute computer executable instructions stored on a computer readable medium to perform the following acts;

using a collections component to identify an opportunity to provide insurance, and collect contextual information, driver history metadata, and real-time vehicle operation information, wherein the collected information is evaluated and used to calculate the real-time insurance rate, and to supply the real-time insurance rate;

using an analysis component to receive and evaluate the real-time vehicle operation data, road condition data, weather data, traffic data, and current vehicle operation by the user;

using an artificial intelligence component to learn from the real-time vehicle operation data, road condition data, weather data, traffic data, and the current vehicle operation by the user, and to facilitate making determinations or inferences regarding risk assessment relating to real-time operation of the vehicle, appropriate insurance rates and projected insurance rates; and

using a rendering component to employ a regression-based method that reduces complex multi-dimensional data available through an insurer network to a single or small number of values, the single or small number of values represented as color(s) produced by LEDs and represents how safely the vehicle is being driven, and renders on a display a real-time insurance rate that is based at least in part on a result of the evaluation by the analysis component, wherein the display of the vehicle is physically integrated upon a dashboard of the vehicle, is a heads-up display, is located within the vehicle, or a combination thereof.

11. The method of claim 10, further comprising presenting a determined rate on the display.

12. The method of claim 11, further comprising selecting an advertisement to display along with the determined rate, wherein the selected advertisement is displayed with the determined rate.

13. The method of claim 11, wherein the display is an interactive interface, upon which an operator can engage the interface and be presented information on rationale for the rate, how the operator can improve the rate, how the operator compares against other operators, or a combination thereof.

14. The method of claim 10, further comprising:

determining feedback to suggest future driving actions for the operator to perform to lower the insurance rate; and

presenting the feedback.