Telematics offers exciting possibilities but also represents a significant undertaking. With LexisNexis, your telematics program becomes:
Efficient. Overcome the cost barrier and improve speed to market using mobile technology that provides both vehicle and driver level insight. Manage your entire telematics program through one vendor.
Actionable. Harness the power of data and analytics delivered through a massive big data computing platform, High Performance Computer Cluster (HPCC).
Strategic. Spare yourself the many new headaches that come with UBI by using a solution that is end-to-end – enabling you to focus on your business, not telematics.
Telematics Data Collection Solutions
||Moderate to High
||Device Installed in Car
|High Accuracy in Pilots
||Currently in Pilot
||Current Industry Standard
|* Patent Pending
- Data Management: The Key to Unlocking the Potential of Usage-Based Insurance
The U.S. usage-based insurance (UBI) market is poised to take off in the coming years as insurers aggressively deploy UBI in order to improve risk evaluation. However, bringing a UBI product to market can be a difficult process, requiring insurers to navigate a number of strategic and operational challenges. The most pressing issue to address is how to harness the value of driver behavior data—how to gather, process, integrate, and analyze data to derive meaningful insights over the long term. With strong data management capabilities, as well as a well-defined strategic vision, insurers can ensure success in this rapidly growing market.
Related Insurance Telematics Solutions
- Telematics Mobile
- Get your telematics program running for up to 70% less cost than traditional solutions