LexisNexis Risk Solutions has invested millions of dollars in the creation of a new global Connected Car team.
The team, of more than 35 individuals, was created to help automakers and insurers share data and analytics to deliver the next generation of mobility and connected car services. TheLexisNexis Risk Solutions Connected Car team plans to grow to 100 dedicated specialists over the next five years.
“We’ve established the Connected Car team to enable us to innovate and execute quickly, as well as respond to the increasing pace and interest between automakers and insurance providers to engage consumers with driving behavior information, collision detection and other programs that connectivity enables,” said Adam Hudson, senior director of product management for U.S. Connected Car.
“Automakers and car insurers alike want to know more about their customers to better serve them throughout the lifecycle of vehicle ownership and through life events that change a consumer’s needs. Today, 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.”
The Connected Car team is working on delivering next-generation services utilizing on-board telematics data with the growing volume of cars now connected to the internet.
LexisNexis Risk Solutions has already developed close working partnerships with automakers in the US, Europe and China to help deliver new telematics-based products and services including usage-based insurance delivered at the point of sale.
LexisNexis Risk Solutions works with 95 of the top 100 U.S. personal lines insurers, more than 90% of the UK motor insurance market as well as insurers across Brazil, India, China and Spain. Collectively it has more than 125 years’ experience in automotive, telematics and technology.