ATLANTA – LexisNexis® Risk Solutions, a leading provider of data, analytics and technology, announced that Nationwide, one of the largest insurance and financial services companies in the United States, has selected the company to deliver the insurer’s next-generation insurance telematics program, SmartRide Mobile. This usage-based insurance program provides discounts for safe driving for members who choose to participate. All members save an average of 10 percent for joining, and can save up to a possible 40 percent after 6 months with no penalty for joining.
Nationwide partnered with LexisNexis Risk Solutions to provide a mobile application (app) option for its SmartRide program to existing and potential customers. Currently, volunteer SmartRide participants install a device into their car and earn discounts in 25 states. SmartRide Mobile will allow Nationwide members to participate by using an app on their smartphone. The company is initially adopting this offering in Arkansas with plans to roll the solution out to more states by year-end.
“We are 100 percent dedicated to bringing the most innovative solutions to our members,” Larry Thursby, VP, Property & Preferred Auto Product/Pricing at Nationwide said. “By adopting telematics solutions from LexisNexis, we are providing yet another avenue for our members to take charge of their rates and become the best and safest drivers they can be.”
The LexisNexis Risk Solutions end-to-end telematics program includes data collection, storage and processing, and also provides customers with a dashboard presentation and support so they can see their progress. LexisNexis Telematics uses proven proprietary algorithms to accurately detect when the insured is driving, contextual data, and advanced analytics to provide specific driver feedback.
“Telematics has huge value for customers as they look to earn even more affordable prices,” said Ash Hassib, SVP and GM, Auto and Home Insurance, LexisNexis Risk Solutions. “LexisNexis is at the cutting edge of data-gathering technology, data cleansing and normalization no matter the device. By adding smartphone capability to SmartRide, we can help Nationwide offer this program to even more of its members and help them become safer drivers.”
LexisNexis Risk Solutions offers the following telematics solutions:
About LexisNexis Risk Solutions
LexisNexis® Risk Solutions includes seven brands that span multiple industries and sectors. We harness the power of data, sophisticated analytics platforms and technology solutions to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. Headquartered in metro Atlanta, Georgia, we have offices throughout the world and are part of RELX (LSE: REL/NYSE: RELX), a global provider of information-based analytics and decision tools for professional and business customers. For more information, please visit LexisNexis Risk Solutions and RELX.