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Insurance Telematics market

日期: 2016-07-08
浏览次数: 7

 

Realize greater ROI, better insights and faster speed to market for your Usage-Based Insurance (UBI) products using telematics solutions from LexisNexis. Through our end-to-end solution, as well as Wunelli, a LexisNexis company, LexisNexis empowers insurers to:

 

Harness the power of one of the largest provider-held insurance telematics databases in the world.

Gain competitive advantage by using technology that provides both vehicle and driver level insight. This includes the use of LexisNexis® Driver Signatureanalytics, which makes it possible to identify the driver of a given trip even if multiple people with mobile telematics devices are in the same vehicle.

Leverage extensive expertise, enabling you to gain internal organizational buy-in and ensure external go-to-market success.

Overcome the challenges typically associated with UBI by using the end-to-end telematics solution from LexisNexis.

 

2015 UBI Market Research

52% of survey respondents would be more likely to enroll in UBI if they were offered a $200 discount on their insurance deductibles versus a 10% discount on their insurance premium.

 

 

 

Download our full research results to find out more

 

Insurance Telematics: Thinking Outside the Box

Shift to a sample of one.

Telematics data enables carriers to accurately determine an individual drivers level of riskwithin weeks of program inception. Data Management: The Key to Unlocking the Potential of Usage-Based Insurance

The U.S. usage-based insurance (UBI) market is poised to take off in the coming years as insurers aggressively deploy UBI in order to improve risk evaluation. However, bringing a UBI product to market can be a difficult process, requiring insurers to navigate a number of strategic and operational challenges. The most pressing issue to address is how to harness the value of driver behavior datahow to gather, process, integrate, and analyze data to derive meaningful insights over the long term. With strong data management capabilities, as well as a well-defined strategic vision, insurers can ensure success in this rapidly growing market.

 

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