Insurance telematics – also known as Usage-Based Insurance (UBI), Pay As You Drive (PAYD) or PAY How You Drive (PHYD ) – offers exciting possibilities but also represents a significant undertaking for most insurers. LexisNexis® puts telematics in perspective to enhance your risk model; our solutions help you to:
- Overcome many of the challenges of collecting raw data through innovative and cost-effective hardware and mobile technologies
- Easily manage the massive data sets associated with telematics through our highly scalable and secure data centers
- Enhance predictability by correlating telematics data with other established data sets for a unique, more accurate risk model
- Profitably market your offerings by reaching consumers most likely to try telematics products with compelling messaging through our robust marketing services
Telematics Data Collection Solutions |
| Moderate |
High |
High |
| Low |
Low |
Moderate to High |
| None |
Minimal |
Device Installed in Car |
| High Accuracy in Pilots |
Currently in Pilot |
Current Industry Standard |
| High |
High |
Low |
| * Patent Pending |
