ATLANTA – LexisNexis Risk Solutions is honored to be named a finalist for TU-Automotive’s “Best Insurance Telematics Product or Service” award for its end-to-end telematics solution, which connects telematics data from varying data sources and normalizes it so that it can be seamlessly integrated into usage-based insurance (UBI) programs.
Housed on a device-agnostic telematics exchange platform, the telematics solutions from LexisNexis consist of an end-to-end suite of products that provide insurers, OEMs and consumers with normalized telematics data ready for integration in new or existing UBI programs, regardless of the data sources. This ability to provide standardized data regardless of the data source has become increasing important as auto manufacturers continue to embed telematics into cars at the OEM level.
Telematics solutions for insurance carriers also pull data and insights from LexisNexis proprietary advanced analytics and predictive modeling technology for insurance telematics programs that automatically detects which driver is associated with each trip. Drawing from billions of miles of driving behavior, this type of predictive modeling decreases the amount of customer interaction needed and provides insurers with a new level of confidence in the use of smartphone apps more accurately collecting driver data.
“As U.S. insurers continue to pursue UBI programs, we have stayed committed to developing solutions that provide insurers and OEMs with comprehensive and normalized telematics data,” said David Lukens, Director of Telematics at LexisNexis Risk Solutions. “We are very proud to be recognized for our telematics solutions suite and we’re determined to continually evolve our solutions in order to sustain our role as a leader in the telematics industry.”
The winner will be announced at the 2017 TU-Automotive Awards on June 6 in Detroit.
About LexisNexis Risk Solutions
At LexisNexis Risk Solutions, we believe in the power of data and advanced analytics for better risk management. With over 40 years of expertise, we are the trusted data analytics provider for organizations seeking actionable insights to manage risks and improve results while upholding the highest standards for security and privacy. Headquartered in metro Atlanta USA, LexisNexis Risk Solutions serves customers in more than 100 countries and is part of RELX Group, a global provider of information and analytics for professional and business customers across industries. For more information, please visit www.risk.lexisnexis.com.