Patent ID: 9208525
Filing Date: 2015-12-08
Classification: B60C,B60Q,B60R,G06Q,G07C,G08G,H04W

Abstract:
1. A computer-implemented method for providing incentives or disincentives to an insured customer during the term of an insurance policy, the method comprising: receiving, via a computer network, sensor data from one or more sensors, the sensor data (i) including data that measures characteristics of an operating insured vehicle and its use, and (ii) sent by the one or more sensors in real time during operation of the operating insured vehicle; accessing vehicle conditions data including data related to an environment at a particular location; once the sensor data is received from the one or more sensors, correlating the sensor data with the vehicle conditions data by: assigning, by one or more processors, the risk score to insurance policy data corresponding to the insured customer; determining, by one or more processors, an action to execute an incentive or a disincentive for the insured customer based on the risk score; and executing, by one or more processors, the action.