System and method for determining and monitoring auto insurance incentives
First Claim
1. A computer-implemented method for providing incentives or disincentives to an insured customer during the term of an insurance policy, the method comprising:
- receiving, via a computer network, sensor data from one or more sensors, the sensor data (i) including data that measures characteristics of an operating insured vehicle and its use, and (ii) sent by the one or more sensors in real time during operation of the operating insured vehicle;
accessing vehicle conditions data including data related to an environment at a particular location;
once the sensor data is received from the one or more sensors, correlating the sensor data with the vehicle conditions data by;
determining that the operating insured vehicle is operating at the particular location,identifying a rule corresponding to the sensor data and the vehicle conditions data, andcalculating a risk score for the insured customer, the risk score based on a degree that the sensor data and the vehicle conditions data exceeds a threshold according to the rule;
assigning, by one or more processors, the risk score to insurance policy data corresponding to the insured customer;
determining, by one or more processors, an action to execute an incentive or a disincentive for the insured customer based on the risk score; and
executing, by one or more processors, the action.
2 Assignments
0 Petitions
Accused Products
Abstract
A computer system or computer-implemented method may provide incentives to an insured customer for receiving sensor data indicating risk-reducing and risk-increasing behavior during the policy term. In-vehicle sensors or other devices may gather information about the vehicle and its use during the policy term and send the information to a back-end system for analysis. Based on this analysis, the back-end system may determine that the received information is indicative of risk-reducing or increasing behavior. Upon confirmation that the information indicates risk-reducing or increasing behavior, the back-end system may perform one or more actions defined by a set of rules to establish an incentive or disincentive for the customer corresponding to the behavior.
49 Citations
22 Claims
-
1. A computer-implemented method for providing incentives or disincentives to an insured customer during the term of an insurance policy, the method comprising:
-
receiving, via a computer network, sensor data from one or more sensors, the sensor data (i) including data that measures characteristics of an operating insured vehicle and its use, and (ii) sent by the one or more sensors in real time during operation of the operating insured vehicle; accessing vehicle conditions data including data related to an environment at a particular location; once the sensor data is received from the one or more sensors, correlating the sensor data with the vehicle conditions data by; determining that the operating insured vehicle is operating at the particular location, identifying a rule corresponding to the sensor data and the vehicle conditions data, and calculating a risk score for the insured customer, the risk score based on a degree that the sensor data and the vehicle conditions data exceeds a threshold according to the rule; assigning, by one or more processors, the risk score to insurance policy data corresponding to the insured customer; determining, by one or more processors, an action to execute an incentive or a disincentive for the insured customer based on the risk score; and executing, by one or more processors, the action. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10)
-
-
11. A computer device for providing incentives or disincentives to an insured customer during the term of an insurance policy, the computer device comprising:
-
one or more processors; and one or more memories coupled to the one or more processors; the one or more memories including computer executable instructions stored therein that, when executed by the one or more processors, cause the one or more processors to; receive sensor data from one or more sensors, the sensor data (i) including data that measures characteristics of an operating insured vehicle and its use, and (ii) sent by the one or more sensors in real time during operation of the operating insured vehicle; access vehicle conditions data including data related to an environment at a particular location; once the sensor data is received from the one or more sensors, correlate the sensor data with the vehicle conditions data by; determining that the operating insured vehicle is operating at the particular location, identifying a rule corresponding to the sensor data and the vehicle conditions data, and calculating a risk score for the insured customer, the risk score based on a degree that the sensor data and the vehicle conditions data exceeds a threshold according to the rule; assign the risk score to insurance policy data corresponding to the insured customer; determine an action to execute an incentive or a disincentive for the insured customer based on the risk score; and execute the action. - View Dependent Claims (12, 13, 14, 15, 16, 17)
-
-
18. A tangible computer-readable medium including non-transitory computer readable instructions stored thereon for providing incentives or disincentives to an insured customer during the term of an insurance policy, the instructions comprising:
-
receiving sensor data from one or more sensors, the sensor data (i) including data that measures characteristics of an operating insured vehicle and its use, and (ii) sent by the one or more sensors in real time during operation of the operating insured vehicle; accessing vehicle conditions data including data related to an environment at a particular location; once the sensor data is received from the one or more sensors, correlating the sensor data with the vehicle conditions data by; determining that the operating insured vehicle is operating at the particular location, identifying a rule corresponding to the sensor data and the vehicle conditions data, and calculating a risk score for the insured customer, the risk score based on a degree that the sensor data and the vehicle conditions data exceeds a threshold according to the rule; assigning a risk score to insurance policy data corresponding to the insured customer; determining an action to execute an incentive or a disincentive for the insured customer based on the risk score; and executing the action. - View Dependent Claims (19, 20, 21, 22)
-
Specification