Researchers Submit Patent Application, “Systems And Methods For Managing Insurance Contracts Using Telematics Data To Build A User Profile”, for Approval (USPTO 20230162287): Patent Application

2023 JUN 09 (NewsRx) -- By a News Reporter-Staff News Editor at Insurance Daily News -- From Washington, D.C., NewsRx journalists report that a patent application by the inventor Dahl, Eric (Newman Lake, WA, US), filed on May 3, 2018, was made available online on May 25, 2023.

No assignee for this patent application has been made.

News editors obtained the following quote from the background information supplied by the inventors: “There are numerous insurance companies and insurance marketplaces. In both realms, consumers have an ongoing worry about whether or not they are getting the right coverage at the best possible price. In both of these cases, it may primarily be the consumer’s responsibility to do the research, find better options, evaluate those options, and then switch from one plan and/or insurer to another. Conventional techniques may have other drawbacks as well.”

As a supplement to the background information on this patent application, NewsRx correspondents also obtained the inventor’s summary information for this patent application: “The present embodiments may relate to systems and methods for managing insurance contracts. The platform may include an insurance management (“IM”) computer system, a plurality of insurance provider computer systems, a plurality of user computer devices, and/or at least one telematics computer system associated with a vehicle and/or a residence. The IM computer system may be a server device associated with an insurance broker or a third party independent of a plurality of insurance providers.

“In one aspect, a computer system for managing insurance contracts may be provided. The computer system may include at least one processor in communication with at least one memory device. The at least one processor may be programmed to store a user profile and a current user insurance contract. The user profile may include a plurality of user preferences. The at least one processor may also be programmed to receive a plurality of offers for insurance contracts from a plurality of insurance providers. Each of the plurality of offers may include a plurality of coverage options. The at least one processor may further be programmed to compare the corresponding plurality of coverage options to the plurality of user preferences for each of the plurality of offers, automatically determine a desired offer of the plurality of offers based upon the comparison, and/or electronically update the current user insurance contract based upon the desired offer to facilitate providing the user with the best insurance contract available based upon the user’s preferences. The computer system may have additional, less, or alternate functionality, including that discussed elsewhere herein.

“In another aspect, a computer-based method for managing insurance contracts may be provided. The method may be implemented on an insurance management (“IM”) computer device including at least one processor in communication with at least one memory device. The method may include storing, in the memory device, a user profile and a current user insurance contract. The user profile may include a plurality of user preferences. The method may also include receiving, at the IM computer device, a plurality of offers for insurance contracts from a plurality of insurance providers. Each of the plurality of offers may include a plurality of coverage options. The method may further include comparing, by the IM computer device, the corresponding plurality of coverage options to the plurality of user preferences for each of the plurality of offers, automatically determining a desired offer of the plurality of offers based upon the comparison, and electronically updating, by the IM computer device the current user insurance contract based upon the desired offer to facilitate providing the user with the best insurance contract available based upon the user’s preferences. The method may have additional, less, or alternate functionality, including that discussed elsewhere herein.

“In yet another aspect, at least one non-transitory computer-readable storage media having computer-executable instructions embodied thereon may be provided. When executed by at least one processor, the computer-executable instructions may cause the processor to store a user profile and a current user insurance contract. The user profile may include a plurality of user preferences. The computer-executable instructions may also cause the processor to receive a plurality of offers for insurance contracts from a plurality of insurance providers. Each of the plurality of offers may include a plurality of coverage options. The computer-executable instructions may also cause the processor to compare the corresponding plurality of coverage options to the plurality of user preferences for each of the plurality of offers, automatically determine a desired offer of the plurality of offers based upon the comparison, and/or electronically update the current user insurance contract based upon the desired offer to facilitate providing the user with the best insurance contract available based upon the user’s preferences. The storage media may have additional, less, or alternate functionality, including that discussed elsewhere herein.

“In a further aspect, a computer system for managing insurance contracts and using telematics data to build a user profile may be provided. The computer system may include at least one processor in communication with at least one memory device. The at least one processor may be programmed to store a user profile of a user and a current user insurance contract associated with the user. The user profile may include a plurality of user preferences. The at least one processor may also be programmed to access telematics data associated with the user, and based upon the telematics data, generate a usage profile associated with the user. The usage profile may include one or more usage characteristics. The at least one processor may also be programmed to associate the generated usage profile with the user profile. The at least one processor may also be programmed to receive a plurality of offers for insurance contracts from a plurality of insurance providers. Each of the plurality of offers may include a plurality of coverage options and one or more target usage characteristics. For each of the plurality of offers, the at least one processor may be programmed to compare the corresponding plurality of coverage options to the plurality of user preferences and the one or more target usage characteristics to the one or more usage characteristics associated with the user. The at least one processor may be further programmed to automatically determine a desired offer of the plurality of offers based upon the comparison, and electronically update the current user insurance contract based upon the desired offer. The computer system may have additional, less, or alternate functionality, including that discussed elsewhere herein.

“In yet another aspect, a computer-based method for managing insurance contracts using telematics data to build a user profile may be provided. The method may be implemented on an insurance management (“IM”) computer device including at least one processor in communication with at least one memory device. The method may include storing, in the memory device, the user profile of a user and a current user insurance contract associated with the user. The user profile may include a plurality of user preferences. The method may further include accessing telematics data associated with the user, and based upon the telematics data, generating a usage profile associated with the user, the usage profile including one or more usage characteristics. The method may also include associating the generated usage profile with the user profile. The method may include receiving a plurality of offers for insurance contracts from a plurality of insurance providers. Each of the plurality of offers may include a plurality of coverage options and one or more target usage characteristics. The method may also include, for each of the plurality of offers, comparing the corresponding plurality of coverage options to the plurality of user preferences and the one or more target usage characteristics to the one or more usage characteristics associated with the user. The method may still further include automatically determining a desired offer of the plurality of offers based upon the comparison, and electronically updating the current user insurance contract based upon the desired offer. The method may have additional, less, or alternate functionality, including that discussed elsewhere herein.

“In a further aspect, at least one non-transitory computer-readable storage medium having computer-executable instructions embodied thereon may be provided. When executed by at least one processor, the computer-executable instructions may cause the processor to store a user profile of a user and a current user insurance contract associated with the user. The user profile may include a plurality of user preferences. The computer-executable instructions may also cause the processor to access telematics data associated with the user, and based upon the telematics data, generate a usage profile associated with the user, the usage profile including one or more usage characteristics. The computer-executable instructions may also cause the processor to associate the generated usage profile with the user profile. The computer-executable instructions may further cause the processor to receive a plurality of offers for insurance contracts from a plurality of insurance providers. Each of the plurality of offers may include a plurality of coverage options and one or more target usage characteristics. The computer-executable instructions may also cause the processor to, for each of the plurality of offers, compare the corresponding plurality of coverage options to the plurality of user preferences and the one or more target usage characteristics to the one or more usage characteristics associated with the user. The computer-executable instructions may still further cause the processor to automatically determine a desired offer of the plurality of offers based upon the comparison, and electronically update the current user insurance contract based upon the desired offer. The storage media may have additional, less, or alternate functionality, including that discussed elsewhere herein.”

There is additional summary information. Please visit full patent to read further.”

The claims supplied by the inventors are:

“1. A computing device for managing insurance contracts, the computing device comprising: one or more processors; and one or more memory devices having instructions stored thereon, wherein the instructions, when executed by the one or more processors, cause the one or more processors to: access a user profile of a user and a user insurance contract associated with the user, wherein the user profile includes a plurality of user preferences; determine a first device identifier of a telematics computer device associated with a vehicle of the user, wherein the telematics computer device includes at least one processor and is configured to: generate telematics data associated with the vehicle of the user; and store the telematics data to a database; embed the first device identifier into the user profile; communicatively couple to the telematics computer device based at least in part upon the first device identifier; access the telematics data from the database; based upon the telematics data, generate a usage profile associated with the user, the usage profile including one or more usage characteristics that describes usage of the vehicle for which the user is seeking insurance coverage; receive a user game profile from a game device, wherein the game device is configured to: determine one or more game resources earned by the user based upon the telematics data; and update the user game profile based upon the one or more game resources; update the usage profile based upon the user game profile; associate the updated usage profile with the user profile; receive a plurality of offers for insurance contracts from a plurality of insurance providers, wherein each offer of the plurality of offers includes a plurality of coverage options and one or more target usage characteristics, the one or more target usage characteristics comprising at least one selected from a group consisting of a predefined limit of a vehicle operation and a predefined range of a vehicle operation; for each offer of the plurality of offers, compare the corresponding plurality of coverage options to the plurality of user preferences and the one or more target usage characteristics to the one or more usage characteristics associated with the user; automatically determine a desired offer of the plurality of offers based upon the comparison; and electronically update the user insurance contract based upon the desired offer.

“2. The computer system of claim 1, wherein the at least one processor is further programmed to: determine a second device identifier of a user computer device associated with the user; embed the second device identifier into the user profile; and access additional telematics data generated by the user computer device.

“3. The computer system of claim 2, wherein the at least one processor is further programmed to: communicatively couple to the user computer device; and retrieve the additional telematics data from the user computer device.

“4. (canceled)

“5. (canceled)

“6. The computer system of claim 1, wherein the telematics data includes at least one of speed data, acceleration data, braking data, location data, route data, navigation data, distance data, timing data, and duration data, and wherein the at least one processor is further programmed to analyze the telematics data according to a plurality of usage identification rules to determine the one or more usage characteristics.

“7. The computer system of claim 1, wherein the telematics data includes first telematics data, and wherein the at least one processor is further programmed to: access second telematics data, the second telematics data generated after the first telematics data; and update one or more usage characteristics of the usage profile based upon the second telematics data.

“8. A computer-based method for managing insurance contracts using telematics data to build a user profile, the method implemented on an insurance management (“TM”) computer device including at least one processor in communication with at least one memory device, the method comprising: storing, in the memory device, the user profile of a user and a user insurance contract associated with the user, wherein the user profile includes a plurality of user preferences; determining, by the at least one processor, a first device identifier of a telematics computer device associated with a vehicle of the user, wherein the telematics computer device includes at least one processor and is configured to: generate telematics data associated with the vehicle of the user; and store the telematics data to a database; embedding, by the at least one processor, the first device identifier into the user profile; communicatively coupling to the telematics computer device based at least in part upon the first device identifier; accessing, by the at least one processor, the telematics data from the database; based upon the telematics data, generating, by the at least one processor, a usage profile associated with the user, the usage profile including one or more usage characteristics that describes usage of the vehicle for which the user is seeking insurance coverage; receiving, by the at least one processor, a user game profile from a game device, wherein the game device is configured to: determine one or more game resources earned by the user based upon the telematics data; and update the user game profile based upon the one or more game resources; updating, by the at least one processor, the usage profile based upon the user game profile; associating, by the at least one processor, the updated usage profile with the user profile; receiving, by the at least one processor, a plurality of offers for insurance contracts from a plurality of insurance providers, wherein each of the plurality of offers includes a plurality of coverage options and one or more target usage characteristics, the one or more target usage characteristics comprising at least one selected from a group consisting of a predefined limit of a vehicle operation and a predefined range of a vehicle operation; for each offer of the plurality of offers, comparing, by the at least one processor, the corresponding plurality of coverage options to the plurality of user preferences and the one or more target usage characteristics to the one or more usage characteristics associated with the user; automatically determining, by the at least one processor, a desired offer of the plurality of offers based upon the comparison; and electronically updating, by the at least one processor, the user insurance contract based upon the desired offer.

“9. The method of claim 8, wherein accessing telematics data comprises: determining, by the at least one processor, a second device identifier of a user computer device associated with the user; embedding, by the at least one processor, the second device identifier into the user profile; and accessing, by the at least one processor, additional telematics data generated by the user computer device.

“10. The method of claim 9, wherein accessing, by the at least one processor, the telematics data further comprises: communicatively coupling to the user computer device; and retrieving, by the at least one processor, the additional telematics data from the user computer device.

“11. (canceled)

“12. (canceled)

“13. The method of claim 8, wherein accessing the telematics data further comprises accessing at least one of speed data, acceleration data, braking data, location data, route data, navigation data, distance data, timing data, and duration data, the method further comprising analyzing the telematics data according to a plurality of usage identification rules to determine the one or more usage characteristics.

“14. The method of claim 8, wherein the telematics data includes first telematics data, and wherein the method further comprises: accessing, by the at least one processor, second telematics data, the second telematics data generated after the first telematics data; and updating, by the at least one processor, one or more usage characteristics of the usage profile based upon the second telematics data.”

There are additional claims. Please visit full patent to read further.

For additional information on this patent application, see: Dahl, Eric. Systems And Methods For Managing Insurance Contracts Using Telematics Data To Build A User Profile. U.S. Patent Application Number 20230162287, filed May 3, 2018 and posted May 25, 2023. Patent URL (for desktop use only): https://ppubs.uspto.gov/pubwebapp/external.html?q=(20230162287)&db=US-PGPUB&type=ids

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