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RELX Integrates Drive Metrics into IMS EdgeSDK for UBI Programs

1 report, 1 independent Updated Thu 00:00
AI-generated briefing. Brind wrote this from the reports listed below. It can be wrong. Each section says how much you can rely on it, and the sources are linked so you can check.

What happened

Some supportReported by 1 outlet

LexisNexis Risk Solutions integrated its Drive Metrics scoring model into the IMS EdgeSDK. This creates a new smartphone-based telematics solution for U.S. auto insurance carriers and consumers. The integration allows driving behavior information to remain on the user's device while generating industry-leading scores.

From prnewswire.com

Why it matters

Some supportBrind's analysis of the reports

The integration supports more precise risk assessment and personalized pricing for auto insurance underwriting. By eliminating cloud processing and storage fees, the solution allows insurers to potentially achieve cost savings of 50% or more. This enables more insurers to launch or improve their usage-based insurance programs.

From prnewswire.com

Who's involved

  • RELXParent company of LexisNexis Risk Solutions
  • LexisNexisProvider of the Drive Metrics scoring model and data analytics

Who could feel it

Possible knock-on effects

These are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.

  • LexisNexisSpeculative

    LexisNexis Risk Solutions could see increased adoption and revenue for its core data scoring model.

  • RELXSpeculative

    RELX might see expanded commercial reach and revenue potential from the data analytics service.

Keep exploring

The entities involved

Coverage

Newest first; wire copies grouped