(Image source: LexisNexis.)
LexisNexis Risk Solutions (Atlanta), a provider of data, analytics and technology to the insurance industry, reports that its Connected Car Team has secured its 6th telematics and connected car-related patent. Covering the US, UK, Europe and China, the newest patent award is the latest addition to the LexisNexis Risk Solutions growing connected car patent portfolio which includes more than eleven granted and pending patent applications for the US as well as India and Brazil, the vendor reports.
The patents cover technologies developed by the business to ingest, analyze, normalize, store and distribute connected car data and now cover 60 percent of the world’s vehicle production, the vendor claims. The patents are used LexisNexis Connected Car team’s work to support helping insurers and motor manufacturers offer products that encourage safer driving and enable drivers to be rated for insurance based on true driving behavior.
“While this latest patent focuses on identifying the severity of collisions using connected car data from any number of data sources, all of our patents reinforce technology leadership and understanding of connected car data,” comments Paul Stacy, R&D Director and Director of Automotive Development, EMEA, LexisNexis Risk Solutions and recipient of the newest patent. “We’re building on a 30-year history as a trusted custodian of consumer data, providing valuable reassurance for insurers and auto manufacturers as we enter a world in which vehicle, consumer and behavioral data will all come into play.”
“As technology has evolved, we have pushed our capabilities further to help: reduce costs, enhance data accuracy, and enable drivers to benefit from their driving data,” Stacy continues.
Key to the Future of Mobility`
Giving drivers the opportunity to benefit from their driving data and to shop around for insurance using their driving score will be key for the future of mobility, according to Stacy. “Our data, advanced analytics and ecosystem, including the LexisNexis Telematics Exchange, are helping automotive original equipment manufacturers and insurance providers join forces to deliver a positive consumer experience as usage based insurance becomes a mass market offering as part of the connected car,” he elaborates.