Fiat Chrysler Teams Up With LexisNexis on Car Insurance
By Nathan Allen
Fiat Chrysler Automobiles NV (FCA.MI) said Thursday that it is
working with RELX PLC (REL.LN) subsidiary LexisNexis Risk Solutions
to offer insurance policies tailored to individual drivers based on
their previous driving performance.
By using telematics devices built into Fiat Chrysler vehicles,
the companies plan to assess the level of risk associated with
individual drivers and formulate customized policies for them, the
Italian-listed auto maker said.
Fiat Chrysler and LexisNexis will develop their collaboration
through a pan-European insurance panel that collates data supplied
by auto manufacturers and insurers.
From 2020, Fiat Chrysler customers will be able to opt into the
system and share their driving data with the company. In exchange
they could get a better policy, Fiat Chrysler said.
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(END) Dow Jones Newswires
August 01, 2019 05:32 ET (09:32 GMT)
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