Several insurers across both property/casualty and life insurance sectors received patents in the past weeks for their technology and process innovations.

Progressive continues to lead the pack with usage-based insurance program innovation, as in early December the company was awarded its sixth U.S. patent for its Snapshot apparatus, a wireless device that monitors vehicle data used to determine a level of risk, and cost of insurance. The patent also addresses an in-vehicle audio alert based on driving behavior data, which may lead to modification of driver behavior, says the company. The insurer’s entry into UBI-related technology dates back 15 years, and currently accounts for $1 billion in Progressive premiums.

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