Vehicle Data Mining for the Insurance Industry
MineDriveTM, is a unique solution designed to support the telematic applications for the insurance industry. The main cornerstones of the underlying technology are as follows:
1) Onboard Analysis of GPS, Accelerometer, and OBD Data to Support Actuarial Statistics
MineDriveTM analyzes the GPS, Accelerometer, and OBD data onboard the vehicle using Agnik's patent-protected data stream mining algorithms and offers wealth of analytics to support actuarial calculations. Only the results of the onboard analysis are sent out to the remote server over the wireless network. This also minimizes the amount of wireless data communication and that means lower cost for the wireless data plan. This information can be used for scoring the driver and vehicle performance. MineDriveTM is powered by the powerful MineFleet® analytics for driver and vehicle behavior monitoring based on vehicle diagnostic, acceleration, driving and location-related data.
2) Privacy-Preserving Data Mining Technology
Privacy is a major concern for telematic applications in the
consumer market. Most people do not want the insurance company to
track them everywhere they go. MineDriveTM makes use of
Agnik's patent-protected privacy-preserving data mining technology
(developed for the United States Department of Homeland Security)
that blends in cryptogrpahy with data analysis, allowing analysis of
the "encrypted data" without revealing the raw driving data to the
insurance company. This permits enforcement of well-defined
policy-based access to the data. This allows the insurance company
to score your driving without violating your privacy policies. That
means no one needs to expose their every movement just because of a
PAYD subscription.3) Rich Variety of Onboard Hardware Choices
Plug-n-Play easy-to-install vehicle-onboard hardware that is designed for the consumer market. MineDriveTM supports various such hardware including the following:
Bluetooth OBD dongle that
works with your Bluetooth Cell-phone. If the phone has a data plan
then you don't need any additional data plan. Stand-alone OBD dongle that
has built-in wide-area wireless modems.MineDriveTM for Consumer and Commercial Vehicle Insurance
Short Term Onboard Analysis of Driver Behavior
1) Speeding violations detection
2) Risky sharp turns detection
3) Identifying frequent lane changes
4) Detecting high speed tailgating
Long Term Analysis of Driver/Vehicle Behavior
1) Scoring the driving signature
2) Detecting patterns across multiple drivers
3) Linking claims data and detecting patterns
Download MineDriveTM Flyer Here
