LexisNexis Risk Solutions has announced the launch of LexisNexis Drive Optics, which provides end-to-end solutions that deliver information in three areas, directly quoted from the press release:
- Vehicle-centric solutions, which are increasing in importance for insurers as automakers continue to add safety features to vehicles. These solutions create and maintain a holistic view of a vehicle’s lifecycle with VIN-level build sheet information and lifetime historical events.
- Driving risk solutions based on key violation information enabling insurers to leverage vast driver and violation data resources to holistically identify drivers with adverse driving histories. These solutions can provide violation indicators specific to an insurer’s criteria or threshold, and offer a cost-effective method for ensuring the right premium is aligned to the risk.
- Telematics solutions offering near real-time insight on how a consumer operates a vehicle. These solutions utilize data ingested from several sources including embedded connected-car technology to help consumers improve their driving habits. Insurers can use these solutions to prepare for the future of mobility, leverage an influx of data, address changing driver risk and preferences, and continue to improve the claims experience.