Method and System to Determine Auto Insurance Risk
A method for providing insurance underwriting using user-centric data includes receiving data reported from an application running on a telematics unit or a mobile device, matching the received data to known locations, and generating a score based on the reported data and the matched data. The reported data and the matched data are used to determine miles traveled. A valid trip is determined. A valid driver is determined to associate with the valid trip. A sum of valid trips is determined over a period of time. Location data for the mobile device or the telematics unit is determined. The location data is determined using network-based resources. The location data is determined using the mobile device or the telematics unit. The location data can be determined using a combination of network-based resources and the mobile device or the telematics unit. A change in location is categorized into a trip signature.
1 . A method for providing insurance underwriting using user-centric data, which comprises:
receiving data reported from an application running on a telematics unit or a mobile device;
matching the received data to known locations; and
generating a score based on the reported data and the matched data.
2 . The method of claim 1 , which further comprises using the reported data and the matched data to determine miles traveled.
3 . The method of claim 1 , which further comprises determining a valid trip.
4 . The method of claim 3 , which further comprises determining a valid driver to associate with the valid trip.
5 . The method of claim 3 , which further comprises determining a sum of valid trips over a period of time.
6 . The method of claim 1 , which further comprises determining location data for the mobile device or the telematics unit.
7 . The method of claim 6 , which further comprises determining the location data using network-based resources.
8 . The method of claim 6 , which further comprises determining the location data using the mobile device or the telematics unit.
9 . The method of claim 6 , which further comprises determining the location data using a combination of network-based resources and one of the mobile device and the telematics unit.
10 . The method of claim 6 , which further comprises categorizing a change in location into a trip signature.
11 . The method of claim 10 , which further comprises determining location coordinates for valid trip signatures.
12 . The method of claim 11 , wherein time stamps accompany each location coordinate.
13 . The method of claim 12 , which further comprises constructing a location profile by connecting the time stamps and the location coordinates in chronological order.
14 . The method of claim 12 , wherein location coordinates and time stamp data are calculated by and received from the telematics unit or the mobile device.
15 . The method of claim 12 , which further comprising excluding some of the location coordinates and the time stamp data from overall mileage calculations.
16 . The method of claim 10 , which further comprising aggregating valid trip signatures to provide a mileage traveled.
17 . The method of claim 1 , which further comprising ensuring end-to-end integrity of the received data using at least one of authentication, encryption, and certification.
18 . The method of claim 1 , which further comprises determining an identity of a driver.
19 . The method of claim 18 , which further comprising using data collected for the route to calculate a driverscore when a probability that the driver is driving on a valid route reaches a threshold.
20 . The method of claim 18 , which further comprising discarding data collected for the route when a probability that the driver is driving on a valid route does not reach a threshold.