Patent Application Titled “Systems And Methods For Generating On-Demand Insurance Policies” Published Online (USPTO 20240161197): Patent Application
2024 JUN 04 (NewsRx) -- By a
No assignee for this patent application has been made.
Reporters obtained the following quote from the background information supplied by the inventors: “The landscape of vehicle insurance coverage has been changing with the increased popularity of alternative transportation options, such as, for example, transportation network company services, public transportation, and walking. Utilizing these alternative forms of transportation to commute from place to place is becoming increasingly common. Further, users may switch from one transportation mode to another during a single trip and/or throughout the week based upon cost, available modes of transportation, time of day, day of the week, and location. Additionally, individuals generally use mobile devices (e.g., smartphones, tablets) for a variety of purposes and often carry mobile devices while traveling. Individuals may utilize mobile devices to schedule and request rides in real time with various transportation network company services.
“However, at least some known insurance policies may not adequately provide coverage for these different types of transportation options. Conventional techniques may also be inconvenient, awkward, time consuming, and/or have additional drawbacks as well”
In addition to obtaining background information on this patent application, NewsRx editors also obtained the inventors’ summary information for this patent application: “The present embodiments may relate to, inter alia, systems and methods for generating dynamic and intelligent insurance offerings in real time. A computer system may be configured to recommend and/or push different modes of transportation and/or travel routes to a user based upon a risk level associated with a particular mode of transportation and/or travel route. The computer system may generate, on a trip-by-trip basis, recommendations for a particular mode of transportation and/or travel route to reduce the user’s risk, and therefore, cost. The computer system may be configured to incorporate on-demand or additional insurance offerings based upon the user’s own personal transportation options, such as, for example, a personal vehicle, scooter, and/or bike.
“In one aspect, an on-demand insurance (ODI) server for generating dynamic user offerings may be provided. The ODI server may include at least one processor and/or associated transceiver in communication with a memory device. The at least one processor and/or associated transceiver may be programmed to (i) receive, from a user computing device associated with a user, an insurance policy request for a trip from a start location to an end location. The request may include trip data and a user identifier associated with the user. The at least one processor and/or associated transceiver may also be programmed to (ii) determine at least one transportation mode available for the trip; (iii) access, from the memory device, contextual data associated with the trip; (iv) assess, based upon at least the accessed contextual data, a risk associated with the at least one transportation mode; (v) calculate, based upon the assessment, a risk score associated with the at least one transportation mode based upon at least the contextual data; (vi) generate, based upon the calculated risk score, an insurance offering associated with the at least one transportation mode; and/or (vii) transmit the insurance offering in real time to the user computing device for purchase by the user. The on-demand insurance (ODI) server may include less, additional, and/or alternative functionality, including that described elsewhere herein.
“In another aspect, a computer-implemented method for generating dynamic user offerings may be provided. The method may be implemented by an on-demand insurance (ODI) server including at least one processor and/or associated transceiver in communication with a memory device. The method may include, via the at least one processor and/or associated transceiver, (i) receiving, from a user computing device associated with a user, an insurance policy request for a trip from a start location to an end location. The request may include trip data and a user identifier associated with the user. The method may also include, via the at least one processor and/or associated transceiver, (ii) determining at least one transportation mode available for the trip; (iii) accessing, from the memory device, contextual data associated with the trip; (iv) assessing, based upon at least the accessed contextual data, a risk associated with the at least one transportation mode; (v) calculating, based upon the assessment, a risk score associated with the at least one transportation mode based upon at least the contextual data; (vi) generating, based upon the calculated risk score, an insurance offering associated with the at least one transportation mode; and/or (vii) transmitting the insurance offering in real time to the user computing device for purchase by the user. The method may include fewer, additional, and/or alternative steps, include those described elsewhere herein.
“In a further aspect, a non-transitory computer-readable storage medium having computer-executable instructions embodied thereon may be provided. When executed by an on-demand insurance (ODI) server having at least one processor in communication with at least one memory device, the computer-executable instructions may cause the at least one processor and/or associated transceiver to (i) receive, from a user computing device associated with a user, an insurance policy request for a trip from a start location to an end location. The request may include trip data and a user identifier associated with the user. The instructions may cause the at least one processor and/or associated transceiver to (ii) determine at least one transportation mode available for the trip; (iii) access, from the memory device, contextual data associated with the trip, (iv) assess, based upon at least the accessed contextual data, a risk associated with the at least one transportation mode; (v) calculate, based upon the assessment, a risk score associated with the at least one transportation mode based upon at least the contextual data; (vi) generate, based upon the calculated risk score, an insurance offering associated with the at least one transportation mode; and/or (vii) transmit the insurance offering in real time to the user computing device for purchase by the user. The computer-executable instructions may provide additional, less, and/or alternative functionality, including that described elsewhere herein.
“In yet another aspect, a computer system for providing a flex insurance policy may be provided. The computer system may include at least one processor and/or associated transceiver in communication with at least one memory device. The at least one processor and/or associated transceiver may be configured to (i) determine that a vehicle associated with a user is listed for rent on a peer-to-peer (P2P) car-sharing platform; and (ii) receive, from a computing device associated with the P2P car-sharing platform, vehicle listing information associated with the user. The vehicle listing information may include a user identifier associated with the user. The at least one processor and/or associated transceiver may also be configured to (iii) retrieve, from the memory device, a user profile associated with the user identifier. The user profile may include information associated with (a) a personal automobile insurance policy associated with the vehicle, and (b) a personal mobility policy associated with the user. The at least one processor and/or associated transceiver may also be configured to (iv) extract, from the user profile, a first identifier associated with the personal automobile insurance policy and a second identifier associated with the personal mobility policy; and/or (v) automatically transmit, to an insurance provider computing device, instructions to (a) suspend and/or otherwise adjust (such as adjust the price, limits, deductibles, and/or coverages of) the personal automobile insurance policy associated with the first identifier, and (b) activate and/or otherwise adjust (such as adjust the price, limits, deductibles, and/or coverages of) the personal mobility policy associated with the second identifier. The computer system may include less, additional, and/or alternative functionality, including that described elsewhere herein.
“In another aspect, a computer-implemented method for providing a flex insurance policy may be provided. The method may be implemented by a computer system including at least one processor and/or associated transceiver in communication with at least one memory device. The method may include, via the at least one processor and/or associated transceiver, (i) determining that a vehicle associated with a user is listed for rent on a peer-to-peer (P2P) car-sharing platform; (ii) receiving, from a computing device associated with the P2P car-sharing platform, vehicle listing information associated with the user, the vehicle listing information including a user identifier associated with the user; (iii) retrieving, from the memory device, a user profile associated with the user identifier, the user profile including information associated with (a) a personal automobile insurance policy associated with the vehicle, and (b) a personal mobility policy associated with the user; (iv) extracting, from the user profile, a first identifier associated with the personal automobile insurance policy and a second identifier associated with the personal mobility policy; and/or (v) automatically transmitting, to an insurance provider computing device, instructions to (a) suspend and/or otherwise adjust (such as adjust the price, limits, deductibles, and/or coverages of) the personal automobile insurance policy associated with the first identifier, and (b) activate and/or otherwise adjust (such as adjust the price, limits, deductibles, and/or coverages of) the personal mobility policy associated with the second identifier. The method may include fewer, additional, and/or alternative steps, include those described elsewhere herein.”
There is additional summary information. Please visit full patent to read further.”
The claims supplied by the inventors are:
“1. A computer system for remotely tracking vehicle usage for applying different insurance policy coverages, the computer system comprising: an on-demand insurance (ODI) server comprising at least one processor in communication with at least one memory device, the at least one processor configured to: generate, using historical telematics data received from one or more user computing devices associated with a user and a vehicle driven by the user, a user profile for the user, the user profile indicative of driving behavior of the user while driving the vehicle, the user profile stored in the at least one memory device; determine, using a communication link with a peer-to-peer (P2P) car-sharing platform, that the vehicle associated with the user has been added to the P2P car-sharing platform; receive, from a computing device associated with the P2P car-sharing platform, vehicle listing information associated with the user, the vehicle listing information including a user identifier associated with the user, and a listing date range indicating when the vehicle is available to rent; receive, from the one or more user computing devices, telematics data associated with the vehicle and the user; electronically compare the received telematics data to the user profile stored within the at least one memory device to determine whether the user has driven the vehicle for at least a predetermined period of time; in response to determining that the user has not driven the vehicle for at least the predetermined period of time and determining that a current date is within the listing date range, determine that the vehicle is actively listed for rent on the P2P car-sharing platform; in response to determining that the vehicle is actively listed on the P2P car sharing platform, perform a lookup within the at least one memory device to (i) determine that a personal automobile insurance policy associated with the vehicle should be deactivated because the vehicle is actively listed for rent on the P2P car-sharing platform and (ii) determine that a personal mobility policy associated with the user should be activated; continuously monitor newly received telematics data associated with the vehicle and the user to determine (i) that the vehicle is no longer actively listed for rent on the P2P car-sharing platform to deactivate the personal mobility policy and (ii) that the personal automobile insurance policy should be re-activated; and an insurance provider computing device configured to: automatically activate proper insurance policy coverages associated with the vehicle and the user by (i) deactivating the personal automobile insurance policy associated with the user and (ii) activating the personal mobility policy associated with the user.
“2. The computer system of claim 1, wherein the at least one processor is further configured to: receive a confirmation message from the insurance provider computing device in response to transmitting the instructions; and update the user profile by including information received in the confirmation message.
“3. The computer system of claim 1, wherein the at least one processor is further configured to: generate a car-sharing insurance policy for the user; transmit the car-sharing insurance policy to the one or more user computing devices associated with the user; and activate the car-sharing insurance policy upon receiving a user selection to purchase the car-sharing insurance policy.
“4. The computer system of claim 1, wherein the at least one processor is further configured to periodically perform a status check to determine whether the vehicle remains listed for rent on the P2P car-sharing platform.
“5. The computer system of claim 1, wherein the at least one processor is further configured to: in response to determining that the user has not used the vehicle for at least the predetermined period of time, transmit a confirmation request message to at least one of the one or more user computing devices of the user or the computing device associated with the P2P car-sharing platform, the confirmation request message requesting to confirm whether the vehicle is listed for rent on the P2P car-sharing platform; and in response to determining that the vehicle remains listed for rent on the P2P car-sharing platform, update a log with a data entry indicating a status check, the data entry including a date and time associated with the status check.
“6. The computer system of claim 1, wherein when the at least one processor determines that the vehicle is no longer listed for rent on the P2P car-sharing platform, the at least one processor is further configured to transmit, to the insurance provider computing device, additional instructions to (i) reinstate the personal automobile insurance policy associated with the user and (ii) suspend the personal mobility policy associated with the user.
“7. The computer system of claim 1, wherein the at least one processor is further configured to: receive, from the one or more user computing devices, contextual data associated with the vehicle; and generate the user profile for the user using the contextual data, the user profile including information associated with (i) the personal automobile insurance policy and (ii) the personal mobility policy.
“8. A computer-implemented method for remotely tracking vehicle usage for applying different insurance policy coverages, the method implemented by a computer system including (i) an on-demand insurance (ODI) server that includes at least one processor in communication with at least one memory device and (ii) an insurance provider computing device, the method comprising: generating, by the at least one processor using historical telematics data received from one or more user computing devices associated with a user and a vehicle driven by the user, a user profile for the user, the user profile indicative of driving behavior of the user while driving the vehicle, the user profile stored in the at least one memory device; determining, by the at least one processor using a communication link with a peer-to-peer (P2P) car-sharing platform that the vehicle associated with the user has been added to the P2P car-sharing platform; receiving, by the at least one processor from a computing device associated with the P2P car-sharing platform, vehicle listing information associated with the user, the vehicle listing information including a user identifier associated with the user, and a listing date range indicating when the vehicle is available to rent; receiving, by the at least one processor from the one or more user computing devices, telematics data associated with the vehicle and the user; electronically comparing, by the at least one processor, the received telematics data to the user profile stored within the at least one memory device to determine whether the user has driven the vehicle for at least a predetermined period of time; in response to determining that the user has not driven the vehicle for at least the predetermined period of time and determining that a current date is within the listing date range, determining, by the at least one processor, that the vehicle is actively listed for rent on the P2P car-sharing platform; in response to determining that the vehicle is actively listed on the P2P car sharing platform, performing, by the at least one processor, a lookup within the at least one memory device to (i) determine that a personal automobile insurance policy associated with the vehicle should be deactivated because the vehicle is actively listed for rent on the P2P car-sharing platform and (ii) determine that a personal mobility policy associated with the user has to should be activated; continuously monitoring, by the at least processor, newly received telematics data associated with the vehicle and the user to determine (i) that the vehicle is no longer actively listed for rent on the P2P car-sharing platform to deactivate the personal mobility policy and (ii) that the personal automobile insurance policy should be re-activated; and automatically activating, by the insurance provider computing device, proper insurance policy coverages associated with the vehicle and the user by (i) deactivating the personal automobile insurance policy associated with the user and (ii) activating the personal mobility policy associated with the user.
“9. The computer-implemented method of claim 8 further comprising: receiving a confirmation message from the insurance provider in response to transmitting the instructions; and updating the user profile by including information received in the confirmation message.
“10. The computer-implemented method of claim 8 further comprising: generating a car-sharing insurance policy for the user; transmitting the car-sharing insurance policy to the one or more user computing devices associated with the user; and activating the car-sharing insurance policy upon receiving a user selection to purchase the car-sharing insurance policy.
“11. The computer-implemented method of claim 8 further comprising periodically performing a status check to determine whether the vehicle remains listed for rent on the P2P car-sharing platform.
“12. The computer-implemented method of claim 8 further comprising: in response to determining that the user has not used the vehicle for at least the predetermined period of time, transmitting a confirmation request message to at least one of the one or more user computing devices of the user or the computing device associated with the P2P car-sharing platform, the confirmation request message requesting to confirm whether the vehicle is listed for rent on the P2P car-sharing platform; and in response to determining that the vehicle remains listed for rent on the P2P car-sharing platform, updating a log with a data entry indicating a status check, the data entry including a date and time associated with the status check.”
There are additional claims. Please visit full patent to read further.
For more information, see this patent application: Brannan,
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