FCA and LexisNexis Risk Solutions develop new insurance services

FCA Italy and LexisNexis Risk Solutions are developing a way of 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.

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 telematics solutions bespoke for each individual consumer to car insurance companies.

FCA and LexisNexis will develop their collaboration through 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 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 telematics and vehicle data with LexisNexis and insurance companies to access advantageous, customised policies offered by the companies belonging to the platform.