Method and System to Determine Auto Insurance Risk

• US 20140108058A1
• Filed: 10/10/2013
• Published: 04/17/2014
• Est. Priority Date: 10/11/2012
• Status: Abandoned Application

• Current Assignee: Agero Incorporated (The Cross Country Group LLC)
• Original Assignee: Agero Incorporated (The Cross Country Group LLC)
• Inventors: Bourne, Julian J., Annibale, Christopher, Copland, Craig George Kenneth, Ferrick, David P., Farrell, Tod, Nelson, Scott, Behara, Raj
• Application Number:
  US14/051,210
• Publication Number:
  US 20140108058A1
• Time in Patent Office: Days
• US Class Current: 705/4
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A method for providing insurance underwriting using user-centric data includes receiving data reported from an application running on a telematics unit or a mobile device, matching the received data to known locations, and generating a score based on the reported data and the matched data. The reported data and the matched data are used to determine miles traveled. A valid trip is determined. A valid driver is determined to associate with the valid trip. A sum of valid trips is determined over a period of time. Location data for the mobile device or the telematics unit is determined. The location data is determined using network-based resources. The location data is determined using the mobile device or the telematics unit. The location data can be determined using a combination of network-based resources and the mobile device or the telematics unit. A change in location is categorized into a trip signature.

Claims

1. A method for providing insurance underwriting using user-centric data, which comprises:

receiving data reported from an application running on a telematics unit or a mobile device;

matching the received data to known locations; and

generating a score based on the reported data and the matched data.

2. The method of claim 1, which further comprises using the reported data and the matched data to determine miles traveled.

3. The method of claim 1, which further comprises determining a valid trip.

4. The method of claim 3, which further comprises determining a valid driver to associate with the valid trip.

5. The method of claim 3, which further comprises determining a sum of valid trips over a period of time.

6. The method of claim 1, which further comprises determining location data for the mobile device or the telematics unit.

7. The method of claim 6, which further comprises determining the location data using network-based resources.

8. The method of claim 6, which further comprises determining the location data using the mobile device or the telematics unit.

9. The method of claim 6, which further comprises determining the location data using a combination of network-based resources and one of the mobile device and the telematics unit.

10. The method of claim 6, which further comprises categorizing a change in location into a trip signature.

11. The method of claim 10, which further comprises determining location coordinates for valid trip signatures.

12. The method of claim 11, wherein time stamps accompany each location coordinate.

13. The method of claim 12, which further comprises constructing a location profile by connecting the time stamps and the location coordinates in chronological order.

14. The method of claim 12, wherein location coordinates and time stamp data are calculated by and received from the telematics unit or the mobile device.

15. The method of claim 12, which further comprising excluding some of the location coordinates and the time stamp data from overall mileage calculations.

16. The method of claim 10, which further comprising aggregating valid trip signatures to provide a mileage traveled.

17. The method of claim 1, which further comprising ensuring end-to-end integrity of the received data using at least one of authentication, encryption, and certification.

18. The method of claim 1, which further comprises determining an identity of a driver.

19. The method of claim 18, which further comprising using data collected for the route to calculate a driverscore when a probability that the driver is driving on a valid route reaches a threshold.

20. The method of claim 18, which further comprising discarding data collected for the route when a probability that the driver is driving on a valid route does not reach a threshold.