LexisNexis Risk Solutions, a leading provider of data, analytics and technology, announced that Nissan North America has joined the LexisNexis Telematics Exchange. LexisNexis states that it “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 and general manager, 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/or 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.