System and method for telematics data capture and processing

A method for processing telematics sensor data, comprising:

• determining, by a computer processor, a percentage share to assign relative risk in a telematics based risk mitigation pool between a first party and a third party, wherein the percentage share is determined based at least in part on a percentage of telematics sensors monitored by a third party device of the third party configured for receiving data indicative of monitoring by the third party of telematics sensors;
• allocating, by the computer processor, the risk mitigation pool among the first party and the third party according to the determined telematics data based percentage share;
• aggregating, by a computer processor of the first party, telematics related loss data related to the telematics sensors deployed;
• transmitting, by a communications device, the telematics related loss data to the third party;
• automatically allocating, by the computer processor, a claim liability or a received premium associated with the risk mitigation pool among the first party and the third party according to the determined telematics data based percentage share;
• and
• receiving, by a computer system of the third party, the telematics related loss data, generating a recommendation for transmission to a user device based at least in part on analysis of the received telematics related loss data, and transmitting the generated recommendation to the user device.

An automated system for processing telematics data, comprising:

• a communication device configured to receive data indicative of monitoring by a third party computer system of telematics sensors, wherein at least some of the telematics sensors are coupled to a feedback device to provide feedback to a user;
• a computer processor configured to:
• determine a percentage share to assign relative risk in a telematics based risk mitigation pool between a first party and the third party, wherein the percentage share is determined based on a percentage of the telematics sensors monitored by the third party computer system;
• allocate the risk mitigation pool among the first party and the third party according to the determined telematics data based percentage share;
• aggregate, by a computer system of the first party, telematics related loss data related to the telematics sensors;
• transmit, via said communication device, the telematics related loss data to the third party;
• allocate at least one of a claim liability and a received premium associated with the risk mitigation pool among the first party and the third party according to the determined telematics data based percentage share;
• and
• store, in a data storage device, the determined percentage share assigned to the first party and the third party;
• wherein a computer system of the third party receives the telematics related loss data, generates a recommendation for transmission to a user device based at least in part on analysis of the received telematics related loss data, and transmits the generated recommendation to the user device.