Risk unit based policies
US10719880B2 · kind B2 · utility
Assignee
Inventors
Key dates
| Filing date | Apr 26, 2016 |
| Grant date | Jul 21, 2020 |
| Priority date | — |
| Expiry date | Apr 16, 2037 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q10/0635
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
Methods, computer-readable media, systems and apparatuses for implementing risk unit based insurance policies are presented. A user may receive a plurality of risk units associated with an insurance policy. The risk units may be stored in a risk unit account associated with the user, the vehicle, etc. During operation of the vehicle, sensor data may be received. The sensor data may provide information associated with driving behaviors of the user, environmental conditions in which the vehicle is being operated, and the like. A consumption rate of the risk units may be determined based, at least in part, on the received sensor data. In some examples, the consumption rate may be displayed to the user, such as via a mobile device of the user or a vehicle display. Further, in some arrangements, one or more driving modifications to reduce a consumption rate may be determined and provided to the user.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.