Systems and methods for real-time driving risk prediction and route recommendation

• US 8,332,242 B1
• Filed: 03/16/2009
• Issued: 12/11/2012
• Est. Priority Date: 03/16/2009
• Status: Active Grant

• Current Assignee: United Services Automobile Association
• Original Assignee: United Services Automobile Association
• Inventors: Medina, Reynaldo III
• Primary Examiner(s): Hamilton, Lalita M
• Application Number:
  US12/404,554
• Time in Patent Office: 1,366 Days
• Field of Search: 705/4, 705/35
• US Class Current: 705/4
• CPC Class Codes: G06Q 40/08 Insurance

Abstract

A system, method, and computer-usable medium are disclosed for providing routing-based insurance. A telematics device exchanges information related to a user'"'"'s traversal of a route with a routing-based insurance system. The telematics device determines the current location and destination of the user, which it provides to the routing-based insurance system, for processing to determine available route segments between the two locations. A set of risk score data is generated for each of the available route segments, which in turn is used to generate a set of risk score differential data. Route advisement data, comprising routing instructions and the set of risk score differential data for the route segment, is generated and provided to the telematics device. A route segment is selected by the user and then traversed. The set of risk score differential data associated with the traversed route segment is determined and associated with the user'"'"'s insurance policy. Insurance policy price data, corresponding to the traversed route segment, is generated and in turn is processed to generate insurance policy adjustment data. The insurance policy price adjustment data is then processed to modify pricing data associated with the user'"'"'s insurance policy.

Claims

1. A non-transitory computer-usable medium embodying computer program code, which when executed by a computer, causes the computer to perform a process of using risk factor data related to a route between a first location and a second location to generate insurance policy price data, the process comprising:

using a route assessment module to

generate risk score data for the route through utilization of the risk factor data; and

using a user interface to communicate the risk score data to a user and to receive input from the user that the route has been selected for traversal; and

using a route tracking module to verify that the route has been traversed in response to the second location being reached; and

using an insurance policy pricing module to generate insurance policy price data in response to verification of traversal of the route.

2. The non-transitory computer-usable of claim 1, further comprising using a route advisement module to generate route advisement data corresponding to said route.

3. The non-transitory computer-usable medium of claim 1, further comprising:

using the route tracking module to;

receive data related to the traversal of said route;

process said received data to generate route traversal data; and

provide said route traversal data to said insurance policy pricing module.

4. The non-transitory computer-usable medium of claim 3, wherein said insurance policy pricing module is further operable to:

process said route traversal data and said insurance policy price data to generate insurance policy price adjustment data; and

process said policy price adjustment data to modify price data associated with a corresponding insurance policy.

5. The non-transitory computer-usable medium of claim 3, wherein said data related to the traversal of said route is received from a telematics system.

6. The non-transitory computer-usable medium of claim 1, wherein the computer executable instructions are provided to a client computer from a server, wherein said server is located at a remote location.

7. The non-transitory computer-usable medium of claim 1, wherein the computer executable instructions are provided as a service on an on-demand basis, wherein said service is provided by a service provider.

8. A non-transitory computer-usable medium embodying computer program code, which when executed by a computer, causes the computer to perform a process of using risk factor data related to a route between a first location and a second location to generate insurance policy price data, the process comprising:

using a route assessment module to generate a first set of risk score data for a first segment of the route and a second set of risk score data for a second segment of the route; and

using a user interface to communicate the risk score data for the first segment and the second segment to a user; and

receive input that at least one of the first segment and second segment has been selected for traversal; and

using a route tracking module to verify that at least one of the first segment and the second segment has been traversed in response to the second location being reached; and

using an insurance policy pricing module to generate insurance policy price data in response to verification of traversal of the route.

9. The non-transitory computer-usable medium of claim 8, further comprising using a route advisement module to generate route advisement data corresponding to said first segment and said second segment, said route advisement data comprising routing instructions and respective risk score differential data.

10. The non-transitory computer-usable medium of claim 8, further comprising:

a route tracking module operable to;

receive data related to the traversal of at least one of said first segment of a route and said second segment of a route;

process said received data to generate route segment traversal data; and

provide said route segment traversal data to said insurance policy pricing module.

11. The non-transitory computer-usable medium of claim 10, wherein said insurance policy pricing module is further operable to:

process said route segment traversal data and said insurance policy price data to generate insurance policy price adjustment data; and

process said policy price adjustment data to modify price data associated with a corresponding insurance policy.

12. The non-transitory computer-usable medium of claim 10, wherein said data related to the traversal of at least one of said first segment of a route and said second segment of a route is received from a telematics system.

13. The non-transitory computer-usable medium of claim 8, wherein the computer executable instructions are provided to a client computer from a server, wherein said server is located at a remote location.

14. The non-transitory computer-usable medium of claim 8, wherein the computer executable instructions are provided as a service on an on-demand basis, wherein said service is provided by a service provider.

15. A computer implemented method, comprising:

selecting risk factor data related to a segment of a route between a first location and a second location;

generating risk score data related to the segment through utilization of the risk factor data;

communicating route advisement data corresponding to the segment wherein said route advisement data comprises routing instructions and the risk score;

data and

verifying that the segment has been traversed in response to the second location being reached; and

generating insurance policy price data in response to verification of traversal of the segment.

16. The method of claim 15, further comprising:

receiving data related to the traversal of said segment;

processing said data to generate route segment traversal data; and

providing said route segment traversal data to an insurance policy pricing module.

17. The method of claim 15, further comprising:

processing said insurance policy price data to generate insurance policy price adjustment data; and

processing said policy price adjustment data to modify price data associated with a corresponding insurance policy.