FCA Italy and LexisNexis Risk Solutions are teaming up to offer European customers the possibility of accessing a range of new, customised and "advantageous" car insurance services based on driving style and vehicle safety systems.
For FCA, the initiative is part of the new global ecosystem for connected vehicles announced last April that will improve the online capabilities of FCA vehicles worldwide. In addition to offering an ideal technical environment for electric vehicles, the platform will also support the FCA range of mobility services, including pay as you go options, insurance policies based on actual vehicle use, short, medium and long term car rental and peer to peer car sharing.
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, always used in accordance with personal data processing regulations and with the customers' consent, 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.