GM joins LexisNexis Telematics Exchange, enabling consumers access to personalized insurance discount offers and safe-driving initiatives
LexisNexis® Risk Solutions, a leading provider of data, analytics and technology, has 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.
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.
Source: LexisNexis Press Release