Liberty Mutual Holding’s patent involves home telematics devices that create electronic records of devices in a property to streamline insurance claims after theft or loss. The technology also enables fraud detection and predicts device failures. The apparatus scans digital streams to generate device signatures for efficient claim processing. GlobalData’s report on Liberty Mutual Holding gives a 360-degree view of the company including its patenting strategy. Buy the report here.
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According to GlobalData’s company profile on Liberty Mutual Holding, was a key innovation area identified from patents. Liberty Mutual Holding's grant share as of May 2024 was 100%. Grant share is based on the ratio of number of grants to total number of patents.
Home telematics device for inventory and insurance claim automation
A recently granted patent (Publication Number: US12002109B1) discloses an apparatus and method for generating operating feature vectors based on scanning digital streams associated with various operating devices within a physical structure. These feature vectors represent device signatures and are compared to stored feature vectors from an operating device inventory. If discrepancies are found, the system prepares an electronic insurance claim for the affected devices. The digital streams used for analysis include transient voltage noise, line-synchronous voltage noise, high-frequency voltage noise, pressure waves in plumbing infrastructure, and acoustic responses of gas regulators. The method involves sampling analog signals received from the devices to generate these digital samples.
Furthermore, the patent details the classification of inventoried operating devices and lists various examples of such devices, including appliances, fixtures, light bulbs, fans, HVAC systems, stoves, dryers, televisions, computers, and mobile devices. The system aims to streamline the insurance claim process by automatically detecting discrepancies between operating and stored device signatures, ensuring accurate and efficient claim preparation. This technology could potentially revolutionize the insurance industry by leveraging digital data analysis to enhance the assessment and management of insurance claims related to operating devices within physical structures.
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GlobalData Patent Analytics tracks bibliographic data, legal events data, point in time patent ownerships, and backward and forward citations from global patenting offices. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
