Automotive OEMs looking to leverage connected car data to offer their customers usage-based insurance (UBI) options through participating insurers and create greater customer engagement through driving behavior feedback can now build new consumer services and take advantage of industry-leading telematics data filtering, normalization and analytics, with the launch of a LexisNexis Risk Solutions Software Development Kit (SDK).
The key advantage of the SDK is that it allows OEMs to easily plug into the LexisNexis® Global Telematics Platform, which offers high levels of data security, advanced analytics for big data and a direct data pipe into the insurance markets’ software infrastructure. Since the SDK uses the same data infrastructure as LexisNexis embedded, connected car solutions, the SDK also enables OEMs to extend certain connected car benefits to owners of legacy, non-connected vehicles in the current fleet.
The SDK enables automotive OEMs to build innovative customer applications across different regions and in different languages, all on the same platform or to improve existing and full-featured customer-facing apps without impacting experience. OEM access to the Global Telematics Platform will also enable customers to benefit through the use of their driving data to secure insurance products.
Using the LexisNexis Risk Solutions Software Development Kit, Automotive OEMs can:
Extend connected car features to owners of non-connected vehicles through the same global telematics platform.
Use the technical capacity of the global telematics platform to reduce the complexity and cost of building a consumer grade data normalization, filtering and telematics scoring infrastructure
Take advantage of faster speed-to-market with supported and documented frameworks, APIs and best practices
Power applications without the cost of duplicating infrastructure, building driving scoring knowledge internationally, opening more markets faster
Integrate seamlessly into existing apps, allowing OEMs to maintain a consistent customer experience while connecting to LexisNexis Risk Solutions and insurers
Source: LexisNexis
