Risk unit based policies

• US 10,861,100 B2
• Filed: 04/26/2016
• Issued: 12/08/2020
• Est. Priority Date: 01/28/2015
• Status: Active Grant

• Current Assignee: Arity International Limited (Allstate Corporation)
• Original Assignee: Arity International Limited (Allstate Corporation)
• Inventors: Biemer, Edward A., Irey, Grady, Styrsky, Caryl M.
• Primary Examiner(s): Hamilton, Sara C
• Application Number:
  US15/138,576
• Publication Number:
  US 20160239926A1
• Time in Patent Office: 1,687 Days
• Field of Search: 705 4
• CPC Class Codes: G06Q 10/0635 Risk analysis of enterprise or organisation activities
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

Methods, computer-readable media, systems and apparatuses for implementing risk unit based insurance policies are presented. A user may receive a plurality of risk units associated with an insurance policy. The risk units may be stored in a risk unit account associated with the user, the vehicle, etc. During operation of the vehicle, sensor data may be received. The sensor data may provide information associated with driving behaviors of the user, environmental conditions in which the vehicle is being operated, and the like. A consumption rate of the risk units may be determined based, at least in part, on the received sensor data. In some examples, the consumption rate may be displayed to the user, such as via a mobile device of the user or a vehicle display. Further, in some arrangements, one or more driving modifications to reduce a consumption rate may be determined and provided to the user.

Claims

1. A risk unit based system, comprising:

at least one vehicle operation sensor arranged in a vehicle, the at least one vehicle operation sensor configured to detect and record operational parameters of the vehicle including driving data associated with at least one of;

driving behaviors of a user and an environment in which the vehicle is being operated;

an insurance system server having at least one processor and at least one memory storing computer-readable instructions that, when executed by the at least one processor, cause the insurance system server to;

generate a risk unit based insurance policy for the vehicle, the risk unit based insurance policy including a plurality of risk units forming a balance of risk units in a risk unit account, each risk unit representing a cost to insure an average user for a predetermined period of time and the balance of risk units being reduced upon operation of the vehicle; and

deposit a predetermined number of risk units into the risk unit account associated with the risk unit based insurance policy;

receive, via a communication interface and from the at least one vehicle operation sensor arranged in the vehicle, the driving data associated with at least one of;

driving behaviors of the user and an environment in which the vehicle is being operated;

analyze, in real-time, the received driving data;

determine, in real-time and based on the analyzed received driving data, a consumption rate of the risk units;

reduce, in real-time, the balance of risk units in the risk unit account based on the determined consumption rate;

determine whether the balance of risk units in the risk unit account is below a predetermined threshold; and

responsive to determining that the number of risk units is below the predetermined threshold, transmit a command to the vehicle to modify operation of at least one system of the vehicle based on the determination that the balance of risk units in the risk unit account is below the predetermined threshold.

2. The risk unit based system of claim 1, wherein modifying operation of the vehicle includes at least one of:

flashing headlights of the vehicle, causing a horn to blare, and preventing the vehicle from starting.

3. The risk unit based system of claim 1, wherein the at least one memory of the insurance system server further stores computer-readable instructions that, when executed by the at least one processor, further cause the insurance system server to:

transmit, via a wireless communication network, the determined consumption rate to a mobile device of the user, wherein

the mobile device of the user displays the determined consumption rate.

4. The risk unit based system of claim 1, wherein the at least one memory of the insurance system server further stores computer-readable instructions that, when executed by the at least one processor, further cause the insurance system server to:

responsive to determining that the number of risk units is below the predetermined threshold, determine at least one refill option for the user;

transmit, to a mobile device of the user, the determined at least one refill option, wherein the mobile device of the user displays the at least one refill option.

5. The risk unit based system of claim 1, wherein the at least one vehicle operation sensor includes a plurality of sensors.

6. The risk unit based system of claim 5, wherein the plurality of sensors includes at least one of:

accelerometer, speedometer, external temperature, and precipitation sensor.

7. The risk unit based system of claim 1, wherein the driving data associated with driving behaviors of the user includes at least:

hard braking, rapid acceleration, rapid deceleration, and swerving.

8. One or more non-transitory computer-readable media having computer-executable instructions stored thereon that, when executed by a processor, cause at an insurance system server to:

generate a risk unit based insurance policy for a vehicle, the risk unit based insurance policy including a plurality of risk units forming a balance of risk units in a risk unit account, each risk unit representing a cost to insure an average user for a predetermined period of time and the balance of risk units being reduced upon operation of the vehicle;

deposit a predetermined number of risk units into the risk unit account associated with the risk unit based insurance policy;

receive, from at least one vehicle operation sensor arranged in a vehicle, the vehicle operation sensor detecting and recording operational parameters of the vehicle, driving data associated with at least one of;

driving behaviors of a user and an environment in which the vehicle is being operated;

analyze, in real-time, the received driving data;

determine, in real-time and based on the analyzed received driving data, a consumption rate of the risk units;

reduce, in real-time, the balance of risk units in the risk unit account based on the determined consumption rate;

determine whether the balance of risk units in the risk unit account is below a predetermined threshold; and

responsive to determining that the number of risk units is below the predetermined threshold, transmit a command to the vehicle to modify operation of at least one system of the vehicle based on the determination that the balance of risk units in the risk unit account is below the predetermined threshold.

9. The one or more non-transitory computer-readable media of claim 8, wherein modifying operation of the vehicle includes at least one of:

flashing headlights of the vehicle, causing a horn to blare, and preventing the vehicle from starting.

10. The one or more non-transitory computer-readable media of claim 8, wherein the at least one memory of the insurance system server further includes instructions that, when executed, cause the insurance system server to:

transmit, via wireless communication network, the determined consumption rate to a mobile device of the user; and

display the determined consumption rate on the mobile device of the user.

11. The one or more non-transitory computer-readable media of claim 8, wherein the at least one memory of the insurance system server further includes instructions that, when executed, cause the insurance system server to:

responsive to determining that the number of risk units is below the predetermined threshold, determine at least one refill option for the user;

transmit, to a mobile device of the user, the determined at least one refill option; and

display, by the mobile device of the user, the at least one refill option.

12. The one or more non-transitory computer-readable media of claim 8, wherein the at least one vehicle operation sensor includes a plurality of sensors.

13. The one or more non-transitory computer-readable media of claim 12, wherein the plurality of sensors includes at least one of:

accelerometer, speedometer, external temperature, and precipitation sensor.

14. The one or more non-transitory computer-readable media of claim 8, wherein the driving data associated with driving behaviors of the user includes at least:

hard braking, rapid acceleration, rapid deceleration, and swerving.