ATLANTA AND LONDON – LexisNexis® Risk Solutions has been recognised as an industry leader by Aite Group, an independent research and advisory firm. The company was acknowledged for its innovative use of data in four categories: “Insurance Telematics Predictive Scoring Leader,” “Device-Agnostic Insurance Telematics Platform Leader,” “Insurance Telematics Data Exchange Leader” and “Smartphone-Only Insurance Telematics Leader.”
LexisNexis Risk Solutions was recognised for its complete telematics platform that supports a wide range of third-party devices in addition to displaying strong capabilities with their smartphone-only application. The company was also recognised for its early concept of a clearinghouse and proven ability to normalise data across a wide range of telematics devices and offer scores to assist in the predicting of claims.
“As auto insurers continue down the long path towards making telematics mainstream, it is the leading data-driven telematics solutions providers like LexisNexis that will help them to efficiently adapt to the evolving technology with data normalisation and succeed in the competitive marketplace,” said Gwenn Bezard, co-founder of and research director, Aite Group.
The report, “Auto Insurance Telematics: A Vendor Overview,” is based on interviews and discussions continued with more than 80 executives at insurers and telematics technology vendors that are selling into North America, Europe, the Middle East, and Africa. Data from LexisNexis’ 2016 usage-based insurance study was also featured in the report highlighting the increased awareness (43 percent) and adoption (6 percent) of usage-based insurance within the U.S.
“As the telematics industry continues to evolve, we are proud to be recognised as a leader for our comprehensive telematics data and innovative solutions,” said David Lukens, Director of Telematics, LexisNexis Risk Solutions. “And as auto insurers are continually faced with evolving technology and new data sources, we are confident in our ability to provide them with the most efficient and accurate data normalisation solutions to help them deliver the most accurate and efficient usage-based insurance products to their customers.”
To access the full report, visit: http://aitegroup.com/.
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 LexisNexis Risk Solutions and RELX.