System and method for computing and sorting trip similarities using geo-spatial information

摘要

Systems and methods are disclosed herein for pricing an insurance premium based on a vehicle trip similarity score. The system includes a computer memory and a processor in communication with the computer memory. The computer memory stores telematics data received from a sensor within a vehicle. The telematics data includes at least one of geo-position information of the vehicle and vehicle kinematics data. The processor is configured to compute a similarities score based on the telematics data. The processor is also configured to determine a price, price adjustment, or any other benefit for automobile insurance based on the similarities score.

主权项

1. A system for pricing an insurance premium based on vehicle trip similarities, the system comprising:
a computer memory for storing data indicative of telematics data received from a sensor within a vehicle, the telematics data being associated with a plurality of trips and comprising at least one of geo-position information of the vehicle and vehicle kinematics data; and a processor in communication with the memory, wherein the processor is configured for:
retrieving information related to an automobile insurance policy;retrieving at least a portion of the stored telematics data from the computer memory;computing a similarities score for routes traversed in the plurality of trips based on similarity of location data points along the routes traversed, determined from the retrieved telematics data;storing the computed similarities score;calculating a price adjustment for the insurance premium for the automobile insurance policy based on the retrieved information related to the policy and the similarities score;applying the price adjustment to the insurance premium; andoutputting the adjusted price for the insurance premium for the automobile insurance policy.