Tag: progressive usage based insurance

Usage based insurance intellectual property from Progressive can now be licensed

Julie Campbell
Progressive usage based Insurance

The insurer is specifying that it is the intellectual property and not the software in the program. In December 2012, Live Insurance News reported that Progressive would be licensing the intellectual property for its usage based insurance program, and that other carriers would start being able to use it as of 2015. Many have wondered whether the program also includes the software for the UBI coverage. For this reason, the insurer has issued an additional statement to clarify that it is only the intellectual property relating to the usage based…

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Usage based insurance raises concerns over privacy

H. Cutner
usage based insurance data security

The wireless monitoring devices that can lower premiums are making people wonder about data sharing. The wireless technology that is installed in a vehicle in order to take advantage of the possible savings from usage based insurance is starting to cause some concern among consumers who are becoming increasingly aware of the risks they are taking with regards to sharing their personal information. Some wonder precisely what is being collected and how it is being used and stored by insurers. The concept behind usage based insurance is that a wireless…

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Usage based insurance licensing terms released by Progressive

Julie Campbell
Progressive usage based Insurance

With six American patents in place, the insurer has now announced the rules for the use of its intellectual property. Progressive has just announced the terms of a new licensing program that it has developed for the use of its usage based insurance programs and the various proprietary elements that are related to them. The insurer has been carefully developing and protecting the various parts of these programs over the years. This licensing option has been long awaited by the industry, as the insurer has been indicating that it would…

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Usage based insurance patent granted to Progressive for sixth time

Julie Campbell
usage based insurance measure

The Snapshot program has now received another level of protection for its mobile device technology. Progressive has just received yet another patent in connection to its usage based insurance program, which covers the specific mobile device that is used by the insurers to obtain driver data. The insurer was awarded U.S. Patent Number 8,311,858 for its mobile device. The wireless device is installed into the vehicle of the usage based insurance policyholder in order to provide data to the insurer that can be used in order to determine that motorist’s…

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Usage based insurance is Sprint’s next step in wireless

H. Cutner
Usage based insurance-sprint

The company will be offering tracking technology to auto insurers. Sprint, the American wireless giant, has announced that it will providing usage based insurance tracking technology to auto insurers with programs that monitor the driving habits of their policyholders/ The announcement was made regarding Sprint’s new Integrated Insurance Solutions unit. The usage based insurance programs in which the technology will function are popping up all over the country. Among them, Progressive’s Snapshot has been among the most popular. The technology tracks various driver behaviors, such as the distance the car…

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