Patent ID: 9311676
Filing Date: 2016-04-12
CPC Classification: G06Q,G16Z

Claim Text:
1. A sensor based analysis system, comprising: a first communication device for receiving a request to insure a vehicle of an entity; one or more vehicle telematics sensors, comprising one or more of speedometers, odometers, braking sensors, air bag deployment sensors, location detectors, accelerometers, and steering monitors, collecting data while the vehicle is in operation; a terminal comprising a remote communication device in communication with the one or more vehicle telematics sensors and storing computer-readable instructions defining an automated webservice application configured to dynamically upload vehicle telematics sensor data; a second communication device for receiving vehicle telematics sensor data from the remote communication device, wherein the sensor data includes at least one data parameter; a memory storing a plurality of rating categories, wherein each of the plurality of rating categories is associated with a classification rule and at least one of a plurality of underwriting and pricing algorithms, wherein the at least one of the plurality of underwriting and pricing algorithms associated with one of the plurality of rating categories and the at least one of the plurality of underwriting and pricing algorithms associated with another one of the plurality of rating categories apply different sets of data parameters or sensor data parameter weights; a computer processor configured to: an output device for outputting the determined price.