Insurance rate optimization through driver behavior monitoring
US10169822B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Sep 19, 2014 |
| Grant date | Jan 1, 2019 |
| Priority date | — |
| Expiry date | Jul 29, 2037 |
Classification
- Technology area (CPC H)Electricity
- CPC primaryH04Q2209/86
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Disclosed are a method and/or a system of insurance rate optimization through driver behavior which includes a computer server of the driver monitoring environment to determine if a newly insured driver operating a private vehicle is adhering to a set of parameters set by an entity i.e. a driving school, an insurance provider and/or a family member of the newly insured driver. The system assigns a credit to the newly insured driver when it adheres to the set of parameters. The newly insured driver is monitored by the entity. A metadata is generated which includes a behavioral trait of the newly insured driver and an insurance rate is set through the insurance provider based on an adherence to the set of parameters set by the entity.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.