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Introduction

Innovations in IoT and its application across insurance product lines have driven a new phase of service development among telematics service providers. This report assesses the LexisNexis Risk Solutions IoT proposition for the insurance sector.

Highlights

  • The LexisNexis Risk Solutions (LNRS) Telematics Exchange proposition aims to provide insurance clients with consistent and predictive driver scoring derived from a wide range of telematics devices, including smartphones.

Features and Benefits

  • Provides a detailed assessment of the vendor's IoT-insurance proposition
  • Assesses the vendor's strengths, weaknesses, opportunities, and threats

Key questions answered

  • Why should our organization consider this vendor as a potential TSP partner?
  • What are the vendor's strengths and challenges?

Table of contents

Summary

  • Catalyst
  • Ovum view
  • Key messages

Background

  • LexisNexis Risk Solutions
  • The LexisNexis Risk Solutions insurance proposition
  • The LexisNexis Risk Solutions Telematics and IoT Insurance Proposition

SWOT analysis

  • Strengths
  • Weaknesses
  • Opportunities
  • Threats

Appendix

  • Further reading
  • Author