System and Method of Calculating the Pricing of Credit Based on Engagement with a Driver Programme
AssigneeDiscovery Limited
InventorsAdam Ian Noach, Darren Segal, Robert Hutchinson-Keip
Life of this patent
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Abstract
A system and method of calculating the pricing of credit based on engagement with a driver programme includes receiving data including information relating to the compliance of a driver in a plurality of programme areas related to motor vehicle driver behaviours and storing the data in a database. Points are awarded to the driver wherein the points allocated are related to the compliance of the driver in the programme areas and the points allocated are used as one factor to calculate the pricing of credit for the driver wherein the higher the degree of compliance with the programme the cheaper the pricing of the credit.
Claims18
A method of calculating the pricing of credit based on engagement with a driver programme, the method including:
- receiving, with a computer, data including information relating to the compliance of a driver in a plurality of programme areas related to motor vehicle driver behaviours and storing the data in a database;
- awarding, with a computer, points to the driver wherein the points allocated are related to the compliance of the driver in the programme areas;
- and
- using the points allocated as one factor to calculate, with a computer, the pricing of credit for the driver wherein the higher the degree of compliance with the programme the cheaper the pricing of the credit.
A computer system for calculating the pricing of credit based on engagement with a driver programme, the system including:
- a receiving module for receiving data relating to the compliance of a driver in a plurality of programme areas related to motor vehicle driver behaviours;
- a calculation module to award points to the driver wherein the points allocated are related to the compliance of the driver in the programme areas;
- and
- a credit module to use the points allocated as one factor to calculate the pricing of credit for the driver wherein the higher the degree of compliance with the programme the cheaper the pricing of the credit.
Dependencies are inferred from the claim text.