ATLANTA — LexisNexis® Risk Solutions, a leading provider of data, analytics and technology, announced today that Nissan North America has joined the LexisNexis® Telematics Exchange. LexisNexis develops solutions to enrich the customer journey and deliver usage-based insurance (UBI) programs for vehicle owners to easily enroll and participate, giving drivers the opportunity to lower their insurance premiums and reduce the cost of vehicle ownership.
Mileage data from automakers is available to participating insurance carriers through the LexisNexis Telematics Exchange, and insurers benefit from having standardized driving data for lead generation, more accurate underwriting and more efficient claims processes.
“Our new insurance-related initiatives for automakers are designed to enhance the customer’s connected experience and provide valuable services,” said Adam Hudson, Senior Director & GM, U.S. Connected Car, LexisNexis Risk Solutions. “Consider how data can help improve an individual’s driving behavior for a safer journey and help improve claims, starting with crash detections all the way through the claims process.”
Once connected, a vehicle’s mileage and driving data will integrate into the LexisNexis Telematics Exchange to automate and help expedite reporting. With customer consent, data is collected, normalized and analyzed through LexisNexis, which enables automakers to extend their programs and offer drivers the opportunity to track and monitor their driving, and receive benefits and rewards based on their safe driving behavior.
The LexisNexis Telematics Exchange normalizes and scores telematics data from numerous sources including auto manufacturers, OBDII devices and smart phone applications to more accurately determine an individual driver’s patterns of behavior and level of risk. Housing telematics data from all of these sources, the LexisNexis Global Telematics Platform is device-agnostic. LexisNexis Risk Solutions, which works with 95 of the top 100 insurers, can quickly develop UBI solutions regardless of changes in connected car technology and score across many different data collection devices to fit various consumer preferences.
About LexisNexis Risk Solutions
LexisNexis Risk Solutions harnesses the power of data and advanced analytics to provide insights that help businesses and governmental entities reduce risk and improve decisions to benefit people around the globe. We provide data and technology solutions for a wide range of industries including insurance, financial services, healthcare and government. 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 and analytics for professional and business customers across industries. For more information, please visit www.risk.lexisnexis.com and www.relx.com.