Systems and methods for managing insurance premiums based upon peer-to-peer property sharing

Abstract

A computing device for analyzing data from a property sharing platform may be provided. The computing device may include a processor in communication with a memory device and the property sharing platform. The processor may be programmed to (i) receive a plurality of property data associated with commercial transactions of a plurality of properties, (ii) organize the received property data in a plurality of data records by date, (iii) identify patterns in the subset of property data for a selected property for a predetermined period of time, the patterns indicating when the selected property was used for commercial purposes during the predetermined period of time, and (iv) transmit content to a client device including the identified patterns and a percentage of time the selected property was used for commercial purposes during the predetermined period of time.

We claim: 
     
         1 . A computing device for analyzing data from a property sharing platform, the computing device comprising at least one processor in communication with at least one memory device and the property sharing platform, wherein the at least one processor is programmed to:
 receive a plurality of property data associated with commercial transactions of a plurality of properties, wherein the property data is utilized by the property sharing platform and includes a length of time that each property of the plurality of properties was used for commercial purposes under respective terms of the commercial transactions;   organize the received property data in a plurality of data records by date, wherein each data record is associated with one property of the plurality of properties and includes a subset of property data for the respective property;   identify patterns in the subset of property data for a selected property for a predetermined period of time, the patterns indicating when the selected property was used for commercial purposes during the predetermined period of time; and   transmit content to a client device including the identified patterns and a percentage of time the selected property was used for commercial purposes during the predetermined period of time.   
     
     
         2 . The computing device of  claim 1 , wherein the at least one processor is further programmed to:
 obtain an access token from the property sharing platform; and   use the obtained access token to retrieve the plurality of property data from the property sharing platform.   
     
     
         3 . The computing device of  claim 1 , wherein the property sharing platform is in communication with an insurance provider computing device, and wherein the client device is the insurance provider computing device. 
     
     
         4 . The computing device of  claim 1 , wherein the selected property is at least one of a vehicle, a residence, a boat, and an RV. 
     
     
         5 . The computing device of  claim 4 , wherein the selected property is a vehicle, and wherein the at least one processor is further programmed to:
 determine a number of miles driven by an owner of the vehicle annually by subtracting a number of miles driven by renters when the vehicle is driven commercially from a total number of miles driven annually;   compare the determined number of miles driven by the owner annually to an original annual mileage bracket of an insurance policy of the owner;   determine if the owner is in a lower annual mileage bracket based upon the comparison;   assign the owner to a lower annual mileage bracket of the insurance policy; and   process an adjusted insurance premium for the owner based upon a difference between an insurance premium of the original annual mileage bracket and an insurance premium of the lower annual mileage bracket.   
     
     
         6 . The computing device of  claim 5 , wherein the at least one processor is further programmed to:
 receive telematics data from the vehicle or mobile data from a mobile communications device of a renter of the vehicle; and   determine usage data for the vehicle using the telematics data or the mobile data of the renter including determining at least one of a time when the renter enters and exits the vehicle, a quality of driving of the renter, a driving score of the renter, and an amount of miles driven by the renter.   
     
     
         7 . The computing device of  claim 1 , wherein the at least one processor is further programmed to:
 utilize at least one of machine learning and artificial intelligence techniques to identify additional patterns in the subset of property data for the selected property;   generate, based upon the additional patterns, a plurality of suggestions for subsequent commercial transactions for an owner of the selected property, the suggestions configured to correct issues in the subsequent commercial transactions; and   transmit the plurality of suggestions to a user device of the owner.   
     
     
         8 . The computing device of  claim 1 , wherein the at least one processor is further programmed to:
 process one or more adjusted insurance premiums for an owner of the selected property based upon the percentage of time that the selected property is used for commercial purposes during the predetermined period of time, and wherein the one or more adjusted insurance premiums includes (i) one or more reimbursements of a portion of the insurance premium to the owner, (ii) one or more credits toward an insurance bill for a subsequent insurance billing cycle, and (iii) a direct deposit into a financial account of the owner.   
     
     
         9 . A computer-implemented method for analyzing data from a property sharing platform, the method implemented using a computing device including at least one processor in communication with at least one memory device and the property sharing platform, the method comprising:
 receiving a plurality of property data associated with commercial transactions of a plurality of properties, wherein the property data is utilized by the property sharing platform and includes a length of time that each property of the plurality of properties was used for commercial purposes under respective terms of the commercial transactions;   organizing the received property data in a plurality of data records by date, wherein each data record is associated with one property of the plurality of properties and includes a subset of property data for the respective property;   identifying patterns in the subset of property data for a selected property for a predetermined period of time, the patterns indicating when the selected property was used for commercial purposes during the predetermined period of time; and   transmitting content to a client device including the identified patterns and a percentage of time the selected property was used for commercial purposes during the predetermined period of time.   
     
     
         10 . The computer-implemented method of  claim 9 , wherein the method further comprises:
 obtaining an access token from the property sharing platform; and   using the obtained access token to retrieve the plurality of property data from the property sharing platform.   
     
     
         11 . The computer-implemented method of  claim 9 , wherein the property sharing platform is in communication with an insurance provider computing device, and wherein the client device is the insurance provider computing device. 
     
     
         12 . The computer-implemented method of  claim 9 , wherein the selected property is at least one of a vehicle, a residence, a boat, and an RV. 
     
     
         13 . The computer-implemented method of  claim 12 , wherein the selected property is a vehicle, and wherein the method further comprises:
 determining a number of miles driven by an owner of the vehicle annually by subtracting a number of miles driven by renters when the vehicle is driven commercially from a total number of miles driven annually;   comparing the determined number of miles driven by the owner annually to an original annual mileage bracket of an insurance policy of the owner;   determining if the owner is in a lower annual mileage bracket based upon the comparison;   assigning the owner to a lower annual mileage bracket of the insurance policy; and   processing an adjusted insurance premium for the owner based upon a difference between an insurance premium of the original annual mileage bracket and an insurance premium of the lower annual mileage bracket.   
     
     
         14 . The computer-implemented method of  claim 13 , wherein the method further comprises:
 receiving telematics data from the vehicle or mobile data from a mobile communications device of a renter of the vehicle; and   determining usage data for the vehicle using the telematics data or the mobile data of the renter including determining at least one of a time when the renter enters and exits the vehicle, a quality of driving of the renter, a driving score of the renter, and an amount of miles driven by the renter.   
     
     
         15 . The computer-implemented method of  claim 9 , wherein the method further comprises:
 utilizing at least one of machine learning and artificial intelligence techniques to identify additional patterns in the subset of property data for the selected property;   generating, based upon the additional patterns, a plurality of suggestions for subsequent commercial transactions for an owner of the selected property; and   transmitting the plurality of suggestions to a user device of the owner.   
     
     
         16 . The computer-implemented method of  claim 9 , wherein the one or more reimbursements include a credit toward an insurance bill for a subsequent billing period and a direct deposit into a financial account of the offerer. 
     
     
         17 . At least one non-transitory computer-readable media having computer-executable instructions thereon, wherein when executed by at least one processor of a computing device in communication with at least one memory device and a property sharing platform, cause the at least one processor to:
 receive a plurality of property data associated with commercial transactions of a plurality of properties, wherein the property data is utilized by the property sharing platform and includes a length of time that each property of the plurality of properties was used for commercial purposes under respective terms of the commercial transactions;   organize the received property data in a plurality of data records by date, wherein each data record is associated with one property of the plurality of properties and includes a subset of property data for the respective property;   identify patterns in the subset of property data for a selected property for a predetermined period of time, the patterns indicating when the selected property was used for commercial purposes during the predetermined period of time; and   transmit content to a client device including the identified patterns and a percentage of time the selected property was used for commercial purposes during the predetermined period of time.   
     
     
         18 . The computer-readable media of  claim 17  further causing the at least one processor to:
 obtain an access token from the property sharing platform; and 
 use the obtained access token to retrieve the plurality of property data from the property sharing platform. 
 
     
     
         19 . The computer-readable media of  claim 17 , wherein the property sharing platform is in communication with an insurance provider computing device, and wherein the client device is the insurance provider computing device. 
     
     
         20 . The computer-readable media of  claim 17  further causing the at least one processor to:
 utilize at least one of machine learning and artificial intelligence techniques to identify additional patterns in the subset of property data for the selected property; 
 generate, based upon the additional patterns, a plurality of suggestions for subsequent commercial transactions for an owner of the selected property; and 
 transmit the plurality of suggestions to a user device of the owner.