SYSTEM AND METHOD FOR DETERMINING DRIVER SIGNATURES

• US 20150187013A1
• Filed: 12/31/2013
• Published: 07/02/2015
• Est. Priority Date: 12/31/2013
• Status: Active Grant

• Current Assignee: Hartford Fire Insurance Company (The Hartford Financial Services Group, Inc.)
• Original Assignee: Hartford Fire Insurance Company (The Hartford Financial Services Group, Inc.)
• Inventors: Adams, Isaac D., Fernandes, Steven J., Natrillo, Marc J., Olson, Paul Brendan, Prakash, Pankaj
• Granted Patent: US 10,134,091 B2
• Time in Patent Office: Days
• US Class Current: 1/1
• CPC Class Codes: G06Q 30/0283 Price estimation or determination
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A system configured to determine an insurance premium associated with an account that covers at least one vehicle and at least one driver comprising a computer memory that stores biographical information; a processor that receives information associated with telematics data associated with at least one of the vehicle(s), concerning use of the at least one vehicle(s); the processor further configured to determine discrete segments of use by at least one vehicle(s), and to determine a driver signature associated with each of the discrete segments of use; the processor further configured to generate a driver risk assessment responsive to the at least one of the discrete segments of use; the processor further configured to calculate pricing information based at least in part on the at least one risk assessment and the biographical information; and a transmitter configured to transmit the pricing information to a user device or user transmission device.

Claims

1. A system configured to determine an insurance premium associated with an account that covers at least one vehicle and at least one driver, the system comprising:

a computer memory configured to store biographical information associated with at least one driver;

a processor configured to receive information associated with telematics data, wherein the telematics data is associated with at least one of the vehicle(s), the telematics data providing information concerning use of the at least one vehicle(s);

the processor further configured to determine discrete segments of use for the at least one vehicle(s), and to determine a driver signature associated with each of the discrete segments of use;

the processor further configured to generate a driver risk assessment responsive to the at least one of the discrete segments of use;

the processor further configured to calculate pricing information based at least in part on the at least one risk assessment and the biographical information; and

a transmitter configured to transmit the pricing information to a user device or user transmission device.

2. The system of claim 1, wherein the driver risk assessment accounts for a seasonality factor.

3. The system of claim 1, wherein the processor is further configured to determine a driver associated with each discrete segment of use based at least in part on the driver signature.

4. The system of claim 3, wherein the processor is further configured to determine a driver associated with the discrete segments, based on implicit driver identification factors.

5. The system of claim 3, wherein the pricing information is calculated as based on a change in driving signatures that exceeds a threshold.

6. The system of claim 1, wherein the pricing information is calculated at a time of renewal of an automobile insurance policy.

7. The system of claim 1, wherein the processor is further configured to determine the pricing information based at least in part on autonomous operation of the vehicle.

8. The system of claim 7, wherein the driver signature comprises braking patterns.

9. The system of claim 7, wherein the driver signature comprises route selection patterns.

10. The system of claim 1, wherein the risk assessment comprises a risk profile for the at least one vehicle.

11. A method, implemented in a computer system, for determining an insurance premium associated with an account that covers at least one vehicle and at least one driver, the method comprising:

storing, by a computer memory, biographical information associated with at least one driver;

receiving, by a processor, information associated with telematics data, wherein the telematics data is associated with at least one of the vehicle(s), the telematics data providing information concerning use of the at least one vehicle(s);

determining, by the processor, discrete segments of use for at least one of the vehicle(s), and to determine a driver signature associated with each of the discrete segments of use;

generating, by the processor, a driver risk assessment responsive to at least one of the discrete segments of use;

calculating, by the processor, pricing information based at least in part on at least one driver risk assessment and the biographical information; and

transmitting, by a transmitter, the pricing information to a user device or a user transmission device.

12. The method of claim 11, wherein the risk assessment accounts for a seasonality factor.

13. The method of claim 11, further comprising:

determining, by the processor, a driver associated with each discrete segment of use based at least in part on the driver signature.

14. The method of claim 13, further comprising determining, by the processor, a driver associated with the discrete segments, based on implicit driver identification factors.

15. The method of claim 13, further comprising determining, by the processor, a percentage of time each of the at least one vehicle(s) are used by the determined driver.

16. The method of claim 11, wherein the premium is calculated at a time of renewal of an automobile insurance policy.

17. The method of claim 11, further comprising adjusting, by the processor, the pricing information based at least in part on autonomous operation of the vehicle.

18. The method of claim 17, wherein the patterns of driver signature comprises braking patterns.

19. The method of claim 17, wherein the patterns of driver signature comprises route selection patterns.

20. A system configured to determine an insurance premium associated with an account that covers at least one vehicle and at least one autonomous driver, the system comprising:

a computer memory configured to store biographical information associated with at least one driver;

a processor configured to receive information associated with telematics data, wherein the telematics data is associated with at least one of the vehicle(s), the telematics data providing information concerning use of the at least one vehicle(s);

the processor further configured to determine discrete segments of use for at least one of the vehicle(s), and to determine a driver signature associated with each of the discrete segments of use;

the processor configured to determine which of the discrete segments are driven by the autonomous driver and which segments are driven by a human driver;

the processor further configured to generate a driver risk assessment responsive to at least one of the discrete segments of use;

the processor further configured to calculate pricing information based at least in part on the at least one driver risk assessment and the biographical information; and

a transmitter configured to transmit the pricing information to a user device or user transmission device.

21. The system of claim 20, wherein the user transmission device is configured to output an electronic communication.

22. The system of claim 20, wherein the autonomous driver comprises a control system associated with the vehicle.

23. The system of claim 20, wherein the pricing information is an initial quote and the telematics data is received prior to receiving the initial quote.