LexisNexis Risk Solutions integrates Drive Metrics model into IMS EdgeSDK for US auto insurers
RELX•LexisNexis Risk Solutions integrated its Drive Metrics scoring model into IMS’s EdgeSDK for a smartphone-based U.S. auto telematics offering. The partners estimate cost reductions of 50% or more, with a 50% to 80% range for some programs.
1. On-device telematics
The integration keeps driving data on users’ devices, removing cloud processing and storage fees. LexisNexis cited Drive Metrics performance of 79% improvement above standard rating factors for underwriting and pricing.
