System and method for obtaining and/or maintaining insurance coverage

A system for segmenting consumers based at least in part upon telematics data into affinity groups, comprising:

• a persistent memory storing a consumer profile database;
• one or more communication interfaces configured to communicate with remote devices via one or more electronic or communications networks;
• one or more processors;
• and
• one or more non-transitory, computer-readable media storing instructions that, when executed by the one or more processors, cause the system to:
• analyze consumer profiles that are included in the consumer profile database and that correspond to multiple insurance consumers for at least one of preferences or characteristics of the multiple insurance consumers, wherein the at least one of the preferences or characteristics of the multiple individuals and/or consumers includes a risk score of a particular insured, the risk score in a consumer profile of the particular insured;
• detect an event, or lack thereof, that impacts the risk score of the particular insured, wherein detecting the event comprises analyzing, via the one or more processors, telematics data collected by a mobile device of the particular insured and indicative of the particular insured's driving performance;
• update, via the one or more processors, the risk score of the particular insured based on the analyzed telematics data;
• divide or segment the multiple insurance consumers into multiple insurance policy groups or groupings based upon (i) the at least one of the preferences or characteristics of the multiple insurance consumers, and (ii) the updated risk score for each particular insured;
• auction, via the one or more electronic or communications network and by using the one or more communication interfaces, an opportunity to provide insurance for one or more of the multiple insurance policy groups or groupings;
• receive, at the one or more communication interfaces, one or more bids for purchase and/or offers for insurance for the one or more of the multiple insurance policy groups or groupings;
• and
• accept one of the bids for purchase and/or offers for insurance for the one or more of the multiple insurance policy groups or groupings.

A system for segmenting consumers based at least in part upon telematics data into affinity groups, comprising:

• a persistent memory storing a consumer profile database;
• one or more communication interfaces configured to communicate with remote devices via one or more electronic or communications networks;
• one or more processors;
• and
• one or more non-transitory, computer-readable media storing instructions that, when executed by the one or more processors, cause the system to:
• analyze consumer profiles that are included in the consumer profile database and that correspond to multiple insurance consumers for at least one of preferences or characteristics of the multiple insurance consumers, wherein the at least one of preferences or characteristics of the multiple individuals and/or consumers includes a risk score of a particular insured, the risk score stored in a consumer profile of the particular insured;
• detect an event, or lack thereof, that impacts the risk score of the particular insured, wherein detecting the event comprises analyzing, via the one or more processors, telematics data collected by a mobile device of the particular insured;
• update the risk score of the particular insured based on the analyzed telematics data;
• divide or segment the multiple insurance consumers into multiple insurance policy groups or groupings based upon the at least one of the preferences or characteristics of the multiple insurance consumers;
• and
• auction, via the one or more electronic or communications network and by using the one or more communication interfaces, an opportunity to provide insurance for one or more of the multiple insurance policy groups or groupings, wherein the preferences of the multiple insurance consumers include individual preferences for at least one of insurance policy coverage, insurance policy deductibles, insurance policy limits, claims expectations, telematics use, or insurance company ratings.