LexisNexis Risk Solutions has launched a suite of predictive models for auto insurers.
LexisNexis Attract for Telematics can score an individual’s driving behavior across multiple vehicles, vehicle usage patterns across multiple drivers, and display results on an individual driver, vehicle or household level, LexisNexis said. Insurers then can leverage the driver or vehicle score, or combined versions of the scores.
Attract for Telematics includes telematics data collection; processing; scoring and storage; a white-label mobile application for smartphones; a white-label consumer-facing dashboard; and customer support, LexisNexis said. Attract uses current data interfaces between LexisNexis and nearly all U.S. insurers, reducing implementation time and effort, according to the company.
“By separating out the different risk components of the driver and the vehicle, we get a deeper level of understanding on true driving behavior that a vehicle-based score alone cannot provide,” said Ash Hassib, LexisNexis’ SVP and general manager, auto insurance. “Using Attract for Telematics gives insurers both greater insight and more flexibility to incorporate telematics data into their products.”
Also see How Far Can Telematics Take Insurers?
