Frost & Sullivan has named Verisk as its 2021 Company of the Year, honoring the Verisk Data Exchange for outstanding achievement in the North American Telematics Data Exchange Industry Excellence Best Practices category.
The Verisk Data Exchange™ helps automakers, telematics service providers (TSPs), mobile telematics providers, and property-based Internet of Things (IoT) device vendors build wider and deeper connections with the insurance industry—enriching customer relationships through engagement and value-added services.
Connectivity and data create unprecedented opportunities for automakers and other IoT solution providers to align with the insurance industry and improve everyday experiences for consumers and business operators. Verisk enables these connections with purpose-built use cases that turn data into ecosystem value. From high-touch connected services to data-driven e-commerce, Verisk can help elevate your brand and product value by reducing complexity, pioneering new business models, and enhancing the customer experience.
For more than six years, Verisk has operated one of the largest multisource telematics platforms of its kind. We use advanced analytics to normalize data from our growing network of alliance partners to feed risk scores and attributes directly into insurers’ usage-based insurance (UBI) workflows. Our expansive reach maximizes the value you deliver to your drivers or users.
Our analytics power engaging digital customer experiences that promote safe driving and can help your customers save money. Elevate your brand with white-labeled risk scores, tangible feedback, and connections to insurers that reward responsible behaviors with premium discounts.
Customer driving data demands rigorous, purposeful, and transparent protections. This is core to Verisk’s operations. We only provide data to authorized insurers with affirmative customer consent and employ industry best practices around data privacy and governance as well as regulatory compliance.
Automakers and IoT operators are exploring new business opportunities in insurance. Verisk can help you leverage your market presence to uncover new capabilities and revenue streams that span insurance distribution and risk management. With a knowledgeable and respected team of actuaries, data scientists, and business strategists, Verisk can be your insurance innovation partner.
As an industry leader in insurance services and advanced analytics, we offer an unmatched breadth and depth of risk-related capabilities. Verisk has been deeply embedded in insurance workflows since 1971 and is proud to support all of the top 100 property/casualty insurers, facilitate tens of billions of policy transactions, and operate the industry’s leading claims database. Our IoT and telematics business draws upon this rich history to drive innovative, behavior-based solutions to market at an unrivaled scale and velocity.
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