LONDON, Oct. 24, 2019 /PRNewswire/ -- LexisNexis®
Risk Solutions is bringing together European insurers and the key
car manufacturers to discuss their shared customer at the
LexisNexis Risk Solutions European Connected Car Forum in
Munich on 28th October 2019, ahead of the TU Automotive
Europe event themed, "The Future of Mobility."
Shared mobility models will require more intelligence about
the vehicle and the driver, how these elements correlate and the
collective impact on risk. Fundamentally, the data will need
to be managed in a fully-compliant manner in order to deliver the
experience that consumers will expect from their vehicles.
–Bill Madison, CEO, Insurance, LexisNexis Risk
Solutions
The LexisNexis Connected Car Forum has been created to support
the further development of mobility services through connected car
data and engender greater synergies between the insurance and car
manufacturing markets as the volume of connected car data grows
exponentially. At the forefront of this conversation are two main
topics: the importance of understanding advanced driver safety
system (ADAS) and best practices in managing consumer consent.
Thought-provoking questions to be discussed by insurers,
automakers and industry experts attending the Connected Car Forum
include:
- What are the specific use cases for connected car data? With
myriad business model opportunities, how do you create an
experience the consumer wants and needs, and a solid return on
investment?
- What do insurers and car manufacturers need to know about ADAS
data? What features and benchmarking are being considered industry
standard? How can you translate this into an opportunity to
communicate safety and other benefits to consumers?
- How should the industry be thinking about connected car data
compliance? What about the consumer consent journey – how will it
work in the real world?
"The volume of connected car data is on an upward trajectory.
This new normal introduces business opportunities, challenges and
more complexity for insurers when they underwrite new policies and
process claims," said Rutger Van der
Wall, SVP of Global Products, Insurance, LexisNexis Risk
Solutions.
"We recognise that success for insurers and car makers will
depend on speed to market and the ability to build compliant
platforms that manage consent processes, as well as experiences and
interfaces that are trusted and simple to use for the consumer. Our
cross-industry event has been created to help both markets
understand perspectives and philosophies on technology, data and
value creation that will help them leverage connected car data for
consumer good. The fact that 14 brands, representing all of the top
car manufacturers, are attending speaks volumes to the importance
of this conversation."
The insurance data and analytics leader and experts from its
LexisNexis Risk Solutions Connected Car team will be joined by
international law firm Bird & Bird and the connected car
specialists from SBD Automotive.
For more information, visit LexisNexis Risk Solutions Connected
Car Forum, or email automotive.group@lexisnexisrisk.com.
About LexisNexis Risk Solutions
LexisNexis® Risk Solutions harnesses the power of data and advanced
analytics to provide insights that help businesses and governmental
entities reduce risk and improve decisions to benefit people around
the globe. We provide data and technology solutions for a wide
range of industries including insurance, financial services,
healthcare and government. Headquartered in metro Atlanta, Georgia, we have offices throughout
the world and are part of RELX (LSE: REL/NYSE: RELX), a global
provider of information-based and analytics and decision tools for
professional and business customers across industries. For more
information, please visit www.risk.lexisnexis.com and
www.relx.com.
Media contacts:
Alison Reeson, Parm Heer or Clare
Watson at HSL
0208 977 9132
lnrs@harrisonsadler.com
Regina Haas
Global Director, Media and Analyst Relations
Insurance
LexisNexis Risk Solutions
O: +1.678.694.3569
M: +1.678.896.1463
Regina.Haas@lexisnexisrisk.com
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