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LexisNexis Risk Solutions teams with Major OEM to Give Car Owners in Europe the Opportunity to Reduce Cost of Ownership

LexisNexisR Risk Solutions, a leading data, analytics and technology
provider for the insurance and automotive (OEM) industries, is working with
Mercedes-Benz Connectivity Services GmbH to help the car maker’s customers
across Europe benefit from personalised insurance products and programmes
based on their vehicle’s advanced driver assistance systems (ADAS).

The aim of the agreement is to enable Mercedes-Benz customers to maximise
the investment car owners have made in their vehicle’s ADAS, when they shop
for insurance, by allowing the insurance sector to understand exactly how a
vehicle is equipped, at the point of quote.

To this end, when a customer requests a quote for insurance and agrees to
the processing of equipment-related information, LexisNexis Risk Solutions
will check for the presence of ADAS features related to that specific
vehicle via an API provided by Mercedes-Benz Connectivity Services GmbH so
that this insight can be fed into the insurance market’s quoting systems. As
data protection is always given the highest priority by Mercedes-Benz
Connectivity Services and by LexisNexis Risk Solutions, the organisations
have implemented the appropriate mechanisms and processes to protect the
customer’s privacy when processing the vehicle’s features’ information.

LexisNexis Risk Solutions will normalise and provide the outcome from the
OEM data to insurance providers in a secure and compliant manner, delivered
through its LexisNexisR Vehicle Build solution.

“The ADAS features included in new cars have been linked to reducing
accidents, and those ADAS options are more frequently purchased,” said
Howard Abbey, Autonomous Car Specialist at SBD Automotive. “However, wide
differences in ADAS naming has made it difficult for consumers and the
industry to correctly equate systems from different OEMs.  This makes it
difficult for insurance providers to give the correct risk reduction savings
to owners of vehicles with ADAS.”

LexisNexis Vehicle Build harnesses the company’s proprietary ADAS
Classification System, which simplifies the myriad names and capabilities of
ADAS from all car makers. The company aggregates and normalises the data,
offering more specific ADAS data than available by VIN alone. Vehicle Build
confirms the availability of ADAS at a VIN level and has been tested by
insurers across Europe over several millions of vehicles and claims.

The new agreement underlines the power of advancing vehicle safety features
in delivering more personalised insurance services to consumers based on
vehicle-centric data. According to SBD Automotive, across Europe, the
average number of ADAS features offered on a given new model increased from
4.2 in 2017 to 7.1 in 2020. LexisNexis internal research shows that beyond
number of features, the type and combination of ADAS features can provide
greater precision in managing insurance risk.

Sherezad Rehmann, senior director of European connected car, LexisNexis Risk
Solutions, said: “Mercedes-Benz Connectivity Services GmbH understands the
huge potential vehicle-centric data holds for more personalised insurance
cover, safer driving and to incentivise investment in ADAS. We know ADAS can
reduce claims frequency and, as we gather more claims data from the
insurance market, that insight can help with pricing and driving further
investment in ADAS development. Mercedes-Benz Connectivity Services GmbH is
a leader in understanding how these insights can benefit its vehicle owners
and is working with us during this pivotal moment in the evolution of motor
insurance using connected car and vehicle build data.”

“We have purposefully and mindfully created a bridge between car makers and
the insurance market, building on our 30-year history in managing consumer
data. Thanks to expertise and direct links with the insurance sector,
consumers will soon be able to shop for insurance in a whole new and
empowering way.”

About LexisNexis Risk Solutions
LexisNexisR 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. For more information, please visit and

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