FCA Italy and LexisNexis Risk Solutions are developing a way to team up to offer new, advantageous and customised insurance services

29/07/2019

LONDON and TURIN, ITALY — Global car maker FCA Italy and LexisNexis® Risk Solutions, a leading data, analysis and technology provider, are teaming up to offer European FCA customers the possibility of accessing a range of new, customised and advantageous car insurance services based on driving style and vehicle safety systems.

For FCA, the initiative announced today is part of the new global "ecosystem" for connected vehicles announced last April that will improve the online capabilities of FCA vehicles worldwide. In addition to offering an ideal technical environment for electric vehicles, the platform will also support the FCA range of mobility services, including pay-as-you-go options, insurance policies based on actual vehicle use, short, medium and long-term car rental and peer-to-peer car sharing solutions.

More specifically, the collaboration will involve connected FCA vehicles on the roads of Europe. LexisNexis Risk Solutions will use its technological expertise in data analysis and management to provide innovative telematic solutions bespoke for each individual consumer to car insurance companies.

FCA and LexisNexis will work with a Pan-European Insurance Panel providing driving and connected vehicle data supplied by auto manufacturers and insurance companies that are part of the LexisNexisÒ Telematics Exchange. The analysed data, used in accordance with personal data processing regulations and with the customers' consent, will provide an overview of the risk and of the behaviour of the driver and the car. Starting from 2020, FCA customers will be able to share their telematic and vehicle data with LexisNexis and insurance companies to access advantageous, customised policies offered by the companies belonging to the platform.

Santo Ficili - Head of EMEA Mopar Service, Parts & Customer Care, Italy Business Centre & EMEA Sales Operation, commented on the start of the collaboration: "Our relationship with LexisNexis Risk Solutions brings together technological and data skills, which will allow us to develop new products and services for our customers based on their driving data and driver-assistance systems. Together, we can create innovative suggestions and offer more freedom of choice, more value and more convenience. Our involvement in the LexisNexis Telematics Exchange and working with the Pan-European Insurance Panel will also boost the development of insurance services for connected vehicles."

"FCA will play a role of primary importance in the automotive sector by offering connected vehicle services to its customers and using data in order to reduce the total cost of ownership,” declared Paul Stacy, automotive development director for LexisNexis Risk Solutions. "The interest of consumers to provide their consent to share data is destined to grow because they will be able to access particular services and FCA is ready to meet the needs of this evolved clientele."

FCA
Fiat Chrysler Automobiles (FCA) is a global car maker that designs, develops, manufactures and markets vehicles under a range of brands, including Abarth, Alfa Romeo, Chrysler, Dodge, Fiat, Fiat Professional, Jeep®, Lancia, Ram and Maserati. FCA also supplies after-sales services and spare parts under the Mopar brand and operates in the components and production systems sectors under the Comau and Teksid brands. FCA employs nearly 200,000 people worldwide. For more information on FCA, go to the website at www.fcagroup.com

LexisNexis® Risk Solutions provides customers with information-based analytics and decision tools that combine public and industry-specific content with advanced technology and algorithms to assist them in evaluating and predicting risk and enhancing operational efficiency. Headquartered in metro Atlanta, Georgia, the company has offices throughout the world, serves customers in more than 190 countries and territories and is part of RELX. For more information, please visit LexisNexis Risk Solutions and RELX.