The collaboration will offer tailor-made insurance services exploiting on-vehicle connectivity, driving data and driver-assistance systems.
- For FCA, the LexisNexis Risk Solutions initiative is part of the new global “ecosystem” for connected vehicles announced last April that will improve the online capabilities of FCA vehicles worldwide.
- FCA and LexisNexis Risk Solutions will use a Pan-European Insurance Panel of driving and connected vehicle data supplied by the manufacturers and insurance companies that are part of the LexisNexis Telematics Exchange.
TURIN – Global car maker FCA Italy and LexisNexis Risk Solutions, leading data, analysis and technology provider, are teaming up to offer European FCA customers the possibility of accessing a range of new, customised and advantageous car insurance services based on driving style and vehicle safety systems.
For FCA, the initiative announced today is part of the new global ‘ecosystem’ for connected vehicles announced last April that will improve the online capabilities of FCA vehicles worldwide. In addition to offering an ideal technical environment for electric vehicles, the platform will also support the FCA range of mobility services, including pay-as-you-go options, insurance policies based on actual vehicle use, short, medium and long-term car rental and peer-to-peer car sharing solutions.
More specifically, the collaboration will involve connected FCA vehicles on the roads of Europe. LexisNexis Risk Solutions will use its technological expertise in data analysis and management to provide innovative telematic solutions bespoke for each individual consumer to car insurance companies.
FCA and LexisNexis will work with a Pan-European Insurance Panel providing driving and connected vehicle data supplied by auto manufacturers and insurance companies that are part of the LexisNexis Telematics Exchange. The analysed data, used in accordance with personal data processing regulations and with the customers’ consent, will provide an overview of the risk and of the behaviour of the driver and the car. Starting from 2020, FCA customers will be able to share their telematic and vehicle data with LexisNexis and insurance companies to access advantageous, customised policies offered by the companies belonging to the platform.
Santo Ficili, Head of EMEA Mopar Service, Parts & Customer Care, Italy Business Centre & EMEA Sales Operation, commented on the start of the collaboration: “Our relationship with LexisNexis Risk Solutions brings together technological and data skills, which will allow us to develop new products and services for our customers based on their driving data and driver-assistance systems. Together, we can create innovative suggestions and offer more freedom of choice, more value and more convenience. Our involvement in the LexisNexis Telematics Exchange and working with the Pan-European Insurance Panel will also boost the development of insurance services for connected vehicles.”
“FCA will play a role of primary importance in the automotive sector by offering connected vehicle services to its customers and using data in order to reduce the total cost of ownership,” declared Paul Stacy, Automotive Development Director for LexisNexis Risk Solutions. “The interest of consumers to provide their consent to share data is destined to grow because they will be able to access particular services and FCA is ready to meet the needs of this evolved clientele.”
LexisNexis Risk Solutions, a unit of RELX Group, is a global data technology and advanced analytics leader, with customers in over 100 countries worldwide.