LexisNexisÂ® Risk Solutions said that Nationwide has selected the company to deliver the insurer´s next-generation insurance telematics program, SmartRide Mobile.
This usage-based insurance program provides discounts for safe driving for members who choose to participate. All members save an average of 10 percent for joining, and can save up to a possible 40 percent after 6 months with no penalty for joining.
Nationwide partnered with LexisNexis Risk Solutions to provide a mobile application (app) option for its SmartRide program to existing and potential customers. Currently, volunteer SmartRide participants install a device into their car and earn discounts in 25 states. SmartRide Mobile will allow Nationwide members to participate by using an app on their smartphone. The company is initially adopting this offering in Arkansas with plans to roll the solution out to more states by year-end.
The LexisNexis Risk Solutions end-to-end telematics program includes data collection, storage and processing, and also provides customers with a dashboard presentation and support so they can see their progress. LexisNexis Telematics uses proven proprietary algorithms to accurately detect when the insured is driving, contextual data, and advanced analytics to provide specific driver feedback.
LexisNexis Risk Solutions provides essential information that helps customers across industries and government predict, assess and manage risk.
Nationwide, a Fortune 100 company based in Columbus, Ohio, provides diversified insurance and financial services.