Working with Driving Behavior Data: A Beginner's Roadmap
Explore the fundamentals of working with driving behavior data, including insights on risk science, usage-based insurance, vehicle telematics, and more. Discover the objectives, paradigms, and computerization aspects involved in analyzing driving behavior data for research and policy implementations.
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Presentation Transcript
Beginners Roadmap to Working with Driving Behavior Data THE SCIENCE OF RISK SM
CAS Antitrust Notice The Casualty Actuarial Society is committed to adhering strictly to the letter and spirit of the antitrust laws. Seminars conducted under the auspices of the CAS are designed solely to provide a forum for the expression of various points of view on topics described in the programs or agendas for such meetings. Under no circumstances shall CAS seminars be used as a means for competing companies or firms to reach any understanding expressed or implied that restricts competition or in any way impairs the ability of members to exercise independent business judgment regarding matters affecting competition. It is the responsibility of all seminar participants to be aware of antitrust regulations, to prevent any written or verbal discussions that appear to violate these laws, and to adhere in every respect to the CAS antitrust compliance policy. T HE S CI E NCE O F RI S KSM
Portrait of a Risky Driver Image Credit: NASA Earth Observatory T HE S CI E NCE O F RI S KSM
The Basics Usage-Based Insurance Vehicle Telematics Driving Behavior Data T HE S CI E NCE O F RI S KSM
Part One Origins, Destinations, and Roadblocks T HE S CI E NCE O F RI S KSM
Objectives Segmentation Selection Mitigation Behavior Modification Research and Policy T HE S CI E NCE O F RI S KSM
Paradigms Critical Conditions T l matique Causal Rating Variables Pay-at-the-Pump T HE S CI E NCE O F RI S KSM
Computerization of Cars Micro-processors Sensors GPS OBD-II GPRS T HE S CI E NCE O F RI S KSM
Early Practitioners Texas-only Pilot Utility-Bill Functionality Reactions Discontinuation T HE S CI E NCE O F RI S KSM
Intellectual Property Patents State Street Bank Bilski Litigation T HE S CI E NCE O F RI S KSM
Privacy Use Cases Misuses of DBD IBM Framework EDR Laws Regulatory Levels T HE S CI E NCE O F RI S KSM
Part Two Infrastructure T HE S CI E NCE O F RI S KSM
Design Business Model Physical Resources Knowledge Base Pilot Tests T HE S CI E NCE O F RI S KSM
Hardware Feature Set Costing v. Granularity Deployment Installation T HE S CI E NCE O F RI S KSM
Communications Methods Frequency Trigger Smartphones T HE S CI E NCE O F RI S KSM
Requirements Flexibility Capacity Statistical Software Value-Added Services T HE S CI E NCE O F RI S KSM
Security Perils of Warehousing Access Controls Encryption Retention T HE S CI E NCE O F RI S KSM
Part Three Navigating the Data T HE S CI E NCE O F RI S KSM
Raw Data Degrees Latitude Longitude Degrees Obs UTC MPH Miles Seconds Gallons 1 2 20:15:00 20:20:00 49.50 49.45 154.50 154.49 - 0.0 3.6 0 0.00 0.14 40 300 3 4 20:25:00 20:30:00 49.41 49.36 154.43 154.30 82 77 8.8 15.0 600 900 0.35 0.57 5 6 20:35:00 20:40:00 49.33 49.35 154.19 154.14 38 42 20.7 24.7 1200 1500 0.72 0.82 7 8 20:45:00 20:50:00 49.35 49.36 154.13 154.08 43 38 25.2 28.5 1800 1800 0.83 0.91 9 20:55:00 21:00:00 49.34 49.33 154.01 153.97 32 28 33.5 36.0 2400 2760 1.04 1.10 10 T HE S CI E NCE O F RI S KSM
Events Passive 20:15:00 20:15:15 21:00:15 21:00:30 Ignition On Shift into Drive Shift into Park Ignition Off Aggressive 20:15:30 20:22:00 20:28:00 20:34:00 20:46:00 Acceleration Cornering Braking Cornering Braking 0.8 g-force 0.5 g-force -0.9 g-force -0.5 g-force -0.6 g-force Image Credit: NASA Earth Observatory T HE S CI E NCE O F RI S KSM
Driving States Vehicle Degrees Degrees Status Latitude Longitude Miles Incr. Miles Obs. UTC Accel Brake Corner Trans. 20:15:15 Event 20:15:15 Driving Idling 49.50 49.50 154.50 154.50 0.0 0.0 0.0 0.2 - 0 - 0 - 0 Event 2 20:15:30 Driving 20:20:00 Driving 49.50 49.45 154.50 154.49 0.4 3.6 1.8 2.6 1 0 0 0 0 0 Event 3 20:22:00 Driving 20:25:00 Driving 49.43 49.41 154.46 154.43 5.6 8.8 2.6 3.4 0 0 0 0 1 0 Dummy Record: No Mileage Allocated to Idling Bucketing: Rolling Average {( 3.6 0.4) + (0.4 0.0 )} 2 = 1.8 T HE S CI E NCE O F RI S KSM
Enrichment Conversions and Metrics Snapping and Mapping Traffic and Weather QC Checks T HE S CI E NCE O F RI S KSM
Driving Portfolio Vehicle Jim s Car Term Status Driving Date Weekday Time AM Peak Jan - Jun, 2012 LC Band 5 Road Type Freeway From Garage 11 - 15 Mil. Weather Flurries Visibility Average Speed (mph) 85 90 vs. Limit 22.5 27.5 vs. Flow 17.5 22.5 Fatigue 11 - 15 mins. Fuel Econ. 25 - 30 mpg Mileage 3.1 Time (mins.) 2.5 Fuel (gals.) 0.11 Harsh Accel. 0 Harsh Brake 1 T HE S CI E NCE O F RI S KSM
Part Four Applications T HE S CI E NCE O F RI S KSM
Pricing Causative Rating Variables Interactions Operators and Driving Habits Classification T HE S CI E NCE O F RI S KSM
Underwriting Scoring Tiering Verification Transferability T HE S CI E NCE O F RI S KSM
Claims FNOL Coaching Fraud Tools Civil Engineering T HE S CI E NCE O F RI S KSM
Going Live Data Ownership Regulatory Filings Marketing What is your roadmap to success? T HE S CI E NCE O F RI S KSM
Visit us online at www.verisk.com T HE S CI E NCE O F RI S KSM
