ATLANTA and DETROIT,
Sept. 9, 2021 /PRNewswire/ --
LexisNexis® Risk Solutions and Ford Motor Company today
announced they have entered into a strategic agreement so that Ford
connected vehicle data can be available to U.S. auto insurers via
the LexisNexis® Telematics Exchange. Ford and Lincoln customers with an eligible 2020 model
year or newer vehicle can opt in to participate in usage-based
insurance (UBI) programs, which has the potential to save customers
money through more personalized insurance offerings.
"We're excited about this agreement with Ford," said
Adam Hudson, vice president and
general manager, U.S. Connected Car, LexisNexis Risk Solutions. "As
a trusted steward of data for more than 20 years, LexisNexis Risk
Solutions continues to bring the insurance and automotive
industries together with market-leading solutions to provide
consumers with a better experience during insurance shopping and
renewal. We want to continue delivering on our mission of providing
unparalleled driving-related insights and benefits to insurers,
automakers and their drivers."
"Ford owners who opt-in to usage-based insurance have the
potential to reduce their total cost of vehicle ownership through
more personalized insurance offerings and be rewarded for good
driving habits," said Kari Novatney,
General Manager, Connectivity Strategy & Partnerships, Ford
Motor Company. "LexisNexis Risk Solutions is helping Ford customers
more easily pursue the advantages of their vehicle's connectivity
for potential insurance benefits."
LexisNexis Risk Solutions ingests and normalizes connected car
data through its data platform, the LexisNexis Telematics Exchange,
to create driving behavior insights for U.S. insurance carriers to
use within their existing auto insurance workflows. This enables
insurers to more accurately segment risk, while providing consumers
the opportunity to reduce the overall cost of vehicle ownership by
taking advantage of good driving behavior. By leveraging data
sourced through the Telematics Exchange, insurers can have an
easier path to access driving behavior data for point of quote,
underwriting and renewal, whether or not they have an existing
insurer-led UBI program.
LexisNexis Risk Solutions works with 95 of the top 100 U.S. auto
insurers. Its U.S. Connected Car business offers telematics
solutions and advanced analytics, including LexisNexis® Telematics
OnDemand and its next-generation LexisNexis® Drive Metrics
scores, which allow insurers to seamlessly leverage driving
behavior insights during the insurance shopping process at the
point of quote, as well as at underwriting and renewal. Click
here for more information on LexisNexis® Telematics.
Click here for more information on LexisNexis data
solutions for automakers.
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-based analytics and decision tools for
professional and business customers. For more information, please
visit www.risk.lexisnexis.com and www.relx.com.
About Ford Motor Company
Ford Motor Company (NYSE: F)
is a global company based in Dearborn,
Michigan, that is committed to helping build a better world,
where every person is free to move and pursue their dreams. The
company's Ford+ plan for growth and value creation combines
existing strengths, new capabilities and always-on relationships
with customers to enrich experiences for and deepen the loyalty of
those customers. Ford designs, manufactures, markets and services a
full line of connected, increasingly electrified passenger and
commercial vehicles: Ford trucks, utility vehicles, vans and cars,
and Lincoln luxury vehicles. The
company is pursuing leadership positions in electrification,
connected vehicle services and mobility solutions, including
self-driving technology, and provides financial services through
Ford Motor Credit Company. Ford employs about 186,000 people
worldwide. More information about the company, its products and
Ford Motor Credit Company is available at corporate.ford.com.
Media Contacts:
Regina Haas
LexisNexis Risk Solutions
Phone: +1.678.896.1463
regina.haas@lexisnexisrisk.com
Dean Carney
Brodeur Partners for LexisNexis Risk Solutions
Phone: +1.646.746.5607
Dcarney@brodeur.com
Martin Gunsberg
Ford Motor Company
Phone: +1.313.316.5319
mgunsber@ford.com
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SOURCE LexisNexis Risk Solutions