Connected vehicle data allows eligible Kia
drivers to be more informed about driving habits and access more
personalized insurance premiums
ATLANTA and IRVINE,
Calif., Feb. 8, 2024 /PRNewswire/ -- LexisNexis
Risk Solutions, a leading provider of data and analytics for
the insurance and automotive industries, and Kia America, Inc. ("Kia") today announced they
have entered into a strategic agreement making Kia connected
vehicle data available to U.S. auto insurers via the LexisNexis®
Telematics Exchange. Connectivity has been at the core of improving
the driving experience for Kia. Now taking it one step further,
this integration will allow eligible customers who have enrolled in
Kia Connect Services to opt in to share their driving behavior data
to receive a personalized driving experience and to be more
informed drivers.
The agreement between LexisNexis Risk Solutions and Kia means
that driving behavior data and vehicle data from eligible Kia
connected vehicles will be integrated into the LexisNexis
Telematics Exchange. The Exchange is a source-agnostic platform for
telematics-based driving behavior data and vehicle insights that
has the ability to bring insurance carriers together with
automotive manufacturers (OEMs) and other third-party telematics
service providers to help improve the car ownership experience for
their shared consumer. The data from eligible Kia vehicles will be
used to create a personalized driving score for participating Kia
Connect drivers along with feedback on factors that impact their
score the most, delivered directly via the Kia Access smartphone
app.
"With Kia's strategic relationship, the LexisNexis Telematics
Exchange includes automakers representing 46% of new market car
sales," said Adam Hudson, vice
president and general manager, U.S. Connected Car and International
Markets, LexisNexis Risk Solutions. "The Telematics Exchange
enables both drivers and carriers to benefit from the wealth of
data available from today's connected cars. Today's announcement
signifies the value LexisNexis Risk Solutions brings to the
insurance and automotive industries by delivering market-leading
data-powered solutions that ensure a better, more personalized
customer experience throughout the insurance lifecycle."
For Kia drivers, this integration brings myriad benefits,
including a better understanding of their driving behaviors along
with the ability to take advantage of these behaviors when shopping
with an insurer using LexisNexis® Telematics OnDemand at new
business and renewal. Meanwhile, insurance carriers gain
access to telematics solutions driven by a data-rich exchange that
helps enhance cost-effectiveness and improve segmentation, score
quality and risk assessment accuracy, as well as customer
loyalty.
"Working with LexisNexis Risk Solutions allows Kia to
continuously improve the customer experience for our drivers," said
Steven Center, COO & EVP, Kia
America, Inc. "By joining the LexisNexis Telematics
Exchange, Kia is now able to offer data-driven insights to our
drivers that allow them to better understand their behaviors on the
road and benefit from the opportunity for usage-based insurance
discounts, for customers who choose to participate. We're pleased
to be able to continually enhance our market offerings thanks to
the advantages of the LexisNexis Risk Solutions platform."
LexisNexis Risk Solutions offers exchange-based solutions
and advanced analytics, including LexisNexis® Telematics
OnDemand and its next-generation LexisNexis® Drive Metrics
scores, which allow insurers to seamlessly leverage driving
behavior insights during the insurance shopping process at the
point of quote, as well as at underwriting and renewal. For more
information, visit the LexisNexis Telematics
Exchange webpage and learn more about our expanding
LexisNexis Risk Solutions suite of Connected Car offerings for
automakers and insurers.
About LexisNexis Risk Solutions
LexisNexis® Risk
Solutions harnesses the power of data and advanced analytics to
provide insights that LexisNexis® Risk Solutions harnesses the
power of data, sophisticated analytics platforms and technology
solutions to provide insights that help businesses across multiple
industries and governmental entities reduce risk and improve
decisions to benefit people around the globe. Headquartered in
metro Atlanta, Georgia, we have
offices throughout the world and are part of RELX (LSE: REL/NYSE:
RELX), a global provider of information-based analytics and
decision tools for professional and business customers. For more
information, please visit
www.risk.lexisnexis.com and www.relx.com.
About Kia America,
Inc.
Headquartered in Irvine,
California, Kia America
continues to top automotive quality surveys. Kia is recognized as
one of the TIME100 Most Influential Companies of 2023. Kia serves
as the "Official Automotive Partner" of the NBA and offers a range
of gasoline, hybrid, plug-in hybrid and electric vehicles sold
through a network of over 775 dealers in the U.S., including
several cars and SUVs proudly assembled in America*.
For media information, including photography, visit
www.kiamedia.com. To receive custom email notifications for press
releases the moment they are published, subscribe at
www.kiamedia.com/us/en/newsalert.
*The Sportage (excludes HEV and PHEV models), Sorento (excludes
HEV and PHEV models), and Telluride are assembled in the United States from U.S. and globally
sourced parts.
Media Contacts:
Annalysce Baker
Manager, Global Communications
Insurance and Connected Car
LexisNexis Risk Solutions
Phone: +1.678.436.1579
Annalysce.Baker@lexisnexisrisk.com
Dean Carney
Brodeur Partners for LexisNexis Risk Solutions
Phone: +1.646.746.5607
Dcarney@brodeur.com
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SOURCE LexisNexis Risk Solutions