System and method for determining an objective driver score
US8140359B2 · kind B2 · utility
Assignee
Inventor
Key dates
| Filing date | Sep 11, 2008 |
| Grant date | Mar 20, 2012 |
| Priority date | — |
| Expiry date | Sep 25, 2029 |
Classification
- Technology area (CPC G)Physics
- CPC primaryG06Q50/40
- WIPO fieldIT methods for management
- WIPO sectorElectrical engineering
Abstract
The present invention is directed to a business method in the field of automobile insurance, more specifically, a system and method of determining an objective driver score that may be used universally by independent insurers to evaluate the risk of insuring a driver by employing certain risk assessment factors concerning the driver's personal history which are each analyzed to derive weighted scores. Each driver is provided with a portable pin with an electronic key unique to the driver that is encoded for selective activation of a monitoring unit in a vehicle such that solely the activities of the driver being assessed is recorded and communicated to an evaluation center. Once activated, the monitoring unit records and generates the driver's risk assessment record based on the driver's operation of a vehicle equipped with the monitoring unit, as well as other variable parameters concerning operation of the vehicle. Said driver's risk assessment record is analyzed to derive a weighted driver risk assessment score that is aggregated with the individual weighted scores derived from the risk assessment factors to generate an objective driver score.
Source: USPTO / EPO open patent data. Objective bibliographic and citation counts.