Telematics provider Modus has partnered with LexisNexis Risk Solutions on its data consortium, aimed at developing carriers’ usage-based insurance platforms, the companies announced.
The move follows previous partnerships by the vendor with insurtechs and automakers, most recently TrueMotion and Mitsubishi in June. Modus, founded in 2002, offers advanced connected-car software, which tracks driver performance for carriers and fleet managers in order to create better risk profiles for underwriting.
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