BOSTON and ATLANTA, June 19,
2017 /PRNewswire/ -- LexisNexis Risk Solutions, a
leading provider of data and analytics in insurance telematics, and
TrueMotion, a leading provider of turnkey, smartphone usage-based
insurance (UBI) technology, announced today a new alliance
providing insurers greater flexibility and consumer-focused UBI
programs. Through this alliance, TrueMotion is joining the
LexisNexis Telematics Exchange, which will allow insurance carriers
who opt-in to take advantage of data from the industry and OEMs,
make better decisions faster, and gain unique insights for
competitive advantage.
"Mobile phones have become an integral part of the consumer
experience and we see tremendous potential to leverage complex
mobile sensor, location and usage data to make driving safer and
reduce distracted driving. By combining our solutions with
LexisNexis, we look forward to making our roads safer and providing
insurers with rich new driver context that enables next generation
products," said Ted Gramer, CEO of
TrueMotion.
"Working with TrueMotion enables us to offer engaging smart
phone applications and provide insurers with the advanced data and
analytics that are most relevant to them," said Ash Hassib, SVP and
GM, Auto and Home Insurance, LexisNexis Risk Solutions. "Through
this platform, our insurance partners can effectively navigate
evolving technology, quickly scale their telematics business, and
in the case of TrueMotion, receive normalized data and advanced
insights that help develop best practices on engaging consumers in
their programs."
The LexisNexis Telematics Exchange ingests and normalizes
telematics data gathered from many data sources, including auto
manufacturers (OEMs), 12-Volt, OBDII dongles and smartphone apps
like that of TrueMotion. Once this data is compiled and normalized,
LexisNexis then scores it using advanced analytics and predictive
modeling specific to telematics to provide driving behavior
insights for insurers. This allows insurers to access key data and
analytics on drivers.
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.lexisnexisrisk.com.
About TrueMotion
Headquartered in Boston, Mass., TrueMotion combines the power
of mobile technology, machine learning and data science to reduce
the number of automobile crashes and fatalities. Its patented
technology uses the sensors built into smartphones to accurately
identify drivers and score their overall driving habits, including
distracted driving. Up to 75 percent of drivers who use TrueMotion
technology reduce distracted driving and other risky behaviors. The
company provides an enterprise version of its technology to leading
insurers, as well as free consumer apps under the TrueMotion brand.
More information is available at goTrueMotion.com.
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SOURCE LexisNexis Risk Solutions