LexisNexis Risk Solutions Integrates Drive Metrics into IMS EdgeSDK to Enhance UBI Programs
LexisNexis Risk Solutions has partnered with IMS to integrate its LexisNexis® Drive Metrics scoring model into the IMS EdgeSDK™, offering a new smartphone-based telematics solution for auto insurers. This integration enables more insurance companies—regardless of whether they already have UBI programs—to leverage transparent and cost-effective driving data analytics directly on users' devices. By eliminating cloud processing and storage fees associated with traditional telematics solutions, the collaboration is expected to reduce operational costs by up to 50% or more. The solution also enhances user privacy since all driving behavior information remains on the device while generating industry-leading scores for underwriting purposes. This approach supports better risk assessment and personalized pricing. The integration allows insurers to either embed the EdgeSDK into their existing apps or use a white-label app provided by IMS, promoting scalability across insurer portfolios. The combined solution is expected to improve segmentation, strengthen underwriting decisions, and streamline operations using more accurate data throughout the insurance lifecycle.
Topics: data privacy embedded computing telematics usage-based-insurance (UBI)