ATLANTA — LexisNexis® Risk Solutions, a leading provider of data, analytics and technology, today announced that General Motors (NYSE: GM) has selected the LexisNexis® Telematics Exchange, a device-agnostic telematics ecosystem, as its preferred portal for sharing consumer-approved connected car data with insurers.
The mission of the Telematics Exchange is to help save consumers time and money, and enhance safety with programs such as proactive, personalized insurance discount offers and safe driving initiatives. Consumers can apply for safe driver discounts, based on their driving behavior. This only can occur with the driver’s consent, and only when they enroll in specific programs.
LexisNexis has been a trusted steward of data for more than 25 years and is an innovator in using data to help make consumers’ daily lives easier. As the first automaker to offer connected vehicles, GM’s addition marks an important step in the growth of the LexisNexis Telematics Exchange.
Now, automakers are adding consumer-approved connected car data into the LexisNexis Telematics Exchange, which then normalizes the data so that it can be more seamlessly integrated into participating insurers’ usage-based insurance (UBI) programs. Consumers can benefit from insurance offers and discounts based on safe driving behavior and habits that take care of their cars and the people in them.
“Our exchange platform enables automakers and insurers to maintain UBI program continuity regardless of the data sources used and future technological disruptions. Having GM select our Telematics Exchange illustrates their commitment to the future of mobility,” said Adam Hudson, General Manager and Senior Director, Connected Car, LexisNexis Risk Solutions. “As a leading automaker and a pioneer in automotive connectivity, safety and security through OnStar, we’re excited to enable GM to more seamlessly work with insurers to provide the best solutions for their drivers.”
Collectively, LexisNexis Risk Solutions has more than 125 years’ experience in automotive, telematics and technology, and is embedded into insurance workflows, including 95 of the top 100 U.S. personal lines insurers. In addition, 85% of U.S. auto insurers use a LexisNexis prefill solution, which is focused on ease of use for the consumer, improved accuracy and a better experience throughout the customer journey.
To learn more visit LexisNexis Telematics.
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.
About General Motors
General Motors (NYSE:GM) is committed to delivering safer, better and more sustainable ways for people to get around. General Motors, its subsidiaries and its joint venture entities sell vehicles under the Cadillac, Chevrolet, Baojun, Buick, GMC, Holden, Jiefang and Wuling brands. More information on the company and its subsidiaries, including OnStar, a global leader in vehicle safety and security services, Maven, its personal mobility brand, and Cruise, its autonomous vehicle ride-sharing company, can be found at http://www.gm.com.