LexisNexis Risk Solutions has developed a new telematics-based scoring model that can take your rating plan to the next level. With a significant boost in lift and segmentation, our new model offers you rating capabilities that can deliver greater benefits to your business and your customers. Our telematics-based scoring model is unique in that it leverages our LexisNexis® Telematics Exchange, which receives source-agnostic driving behavior data from participating Exchange members. Accessing the scoring model through LexisNexis® Telematics OnDemand will deliver the score and hundreds of associated attributes directly into the insurer workflow as early as point of quote. We then apply our sophisticated algorithms and proprietary linking technology to help ensure the telematics data links to the primary vehicle owner while also monitoring for any change of vehicle ownership. And, because telematics data delivers driving behavior insights about the consumer, the solution was built with insurers, consumers and regulations, like the Fair Credit Reporting Act (FCRA), in mind.
By using this model in conjunction with your other rating factors, you can substantially increase your ability to segment your audience and create more accurate ratings. Ultimately, this can lead to greater profitability and more satisfied customers.
30-year track record of providing insurers with data and analytics for decision-making
Working with more than 60% of car manufacturers to bring insurance useful attributes
Can resolve, match and manage information for more than 280 million U.S. consumer identities through our proprietary linking technology and unique identifier
We have a dedicated team to help file your predictive models
