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Personalized Driving Data for Insurance Discounts & Public Benefits

Award Information
Agency: Department of Transportation
Branch: N/A
Contract: DTRT5716C10001
Agency Tracking Number: 141FH2019II
Amount: $998,878.00
Phase: Phase II
Program: SBIR
Solicitation Topic Code: 141FH2
Solicitation Number: DTRT5714RSBIR1
Timeline
Solicitation Year: 2014
Award Year: 2016
Award Start Date (Proposal Award Date): 2015-11-24
Award End Date (Contract End Date): 2017-11-24
Small Business Information
8840 Stanford Blvd. STE 3500
Columbia, MD 21045
United States
DUNS: 025443412
HUBZone Owned: No
Woman Owned: No
Socially and Economically Disadvantaged: No
Principal Investigator
 Hillol Kargupta
 President
 (410) 290-0146
 hillol@agnik.com
Business Contact
 Kakali Sarkar
Title: Chief Operating Office
Phone: (410) 290-0143
Email: kakali@agnik.com
Research Institution
N/A
Abstract

This proposal suggests research on developing the next generation of consumer experience for Usage Based Insurance (UBI) in an increasingly socially connected world while addressing the need to protect privacy. It also proposes research on methodologies to address this from the perspective of insurance actuarial science. It will enhance Agnik’s current consumer and UBI products through the following innovations:
a) Collective Incentives and Game Theory: Explore the problem of risk modeling and underwriting from a social perspective using a game theoretic analytical framework in order to design loyalty programs for drivers.
b) Pattern Preserving Encryption: Develop privacy-protecting data analytics algorithms for blending “pattern-preserving cryptography” with data analytics so that driver data can be analyzed without having to access raw privacy-sensitive location or driving data.
c) Reducing Cost and Enhancing the UBI Experience: Analytical results will be integrated with Agnik’s smartphone-based and OBD-II dongle-based solutions with various value-added services. Agnik’s consumer market products are currently sold by companies like Walmart, Amazon, VOXX, and AT&T.

The proposed research will be performed by the Agnik team in collaboration with several insurance carriers such as American Family, General, Plymouth Rock in addition to Agnik’s distribution partners such as VOXX and Sprint (supporting letters enclosed).

* Information listed above is at the time of submission. *

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