{"id":730223,"date":"2023-02-09T09:20:23","date_gmt":"2023-02-09T14:20:23","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-remains-hyundais-exclusive-provider-of-telematics-data-to-insurers\/"},"modified":"2023-02-09T09:20:23","modified_gmt":"2023-02-09T14:20:23","slug":"verisk-remains-hyundais-exclusive-provider-of-telematics-data-to-insurers","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-remains-hyundais-exclusive-provider-of-telematics-data-to-insurers\/","title":{"rendered":"Verisk Remains Hyundai\u2019s Exclusive Provider of Telematics Data to Insurers"},"content":{"rendered":"<div class=\"mw_release\">\n<ul>\n<li>Verisk selected for its extensive expertise analyzing telematics data through the Verisk Data Exchange<\/li>\n<li>Renewal agreement enables diverse insurers to access driving data from consenting Hyundai owners and deliver potential savings <\/li>\n<\/ul>\n<p>Jersey City, N.J. , Feb.  09, 2023  (GLOBE NEWSWIRE) &#8212; Hyundai Motor America, the U.S. distributor for global automaker Hyundai Motor Company, and Verisk (Nasdaq: VRSK), a leading global data analytics provider, have renewed an agreement in which Verisk will analyze telematics data from consenting owners of Hyundai and Genesis vehicles. Verisk will also continue to be the exclusive provider of that data to auto insurers. With Verisk\u2019s robust insurance analytics and experience as a technology provider, insurers will be able to access the data from the Verisk Data Exchange\u2122 and price the policies of applicable Hyundai and Genesis owners based on the relative safety of their driving.<\/p>\n<p>\u201cVerisk has proven itself as a critical partner in bringing our connected vehicle data to the insurance market and generating value for Hyundai and our customers,\u201d said Manish Mehrotra, executive director of digital business planning and connected operations at Hyundai. \u201cTheir advanced analytics and deep understanding of the diverse needs of insurers have enabled us to grow our usage-based insurance (UBI) program and better serve our customers. We look forward to exploring additional benefits resulting from next-generation analytics to evaluate better driving behaviors.\u201d<\/p>\n<p>\u201cVerisk Data Exchange insurer transactions for Hyundai have more than doubled over the past year alone, which tells us the adoption of UBI continues to surge,\u201d said Joe Wodark, vice president of auto insurance underwriting solutions at Verisk. \u201cWe\u2019re excited to continue our collaboration with Hyundai and help insurers deliver a UBI experience supporting profitable growth.\u201d<\/p>\n<p>In 2018, Hyundai entered into an exclusive agreement with Verisk to allow consenting drivers to share their driving behavior habits with insurers to potentially receive discounts and lower insurance premiums. The program provides insurers with the option to access Verisk\u2019s <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=i69zpJBkRQeZdkHwCKnaM9JUrlTvAycZVJRQww4CUhOLKxxiQ3fAM4egH6sq-r_i_xlIMbo_Bc1-jQinyE2j5sCKGGcSLMNE2y4owJ2UvWSvuIbcv416pw2mUcQaH7uEuC3U-hyhGqPx6Yo51LrOViSR6T03wSJ94btT1Tj-pehUkqPZBzJcSXe_OSnS9zh06poy2zoNMekqeQ0FrWmyv76cF-GCjBIwqjbIE_y3sHU=\" rel=\"nofollow noopener\" target=\"_blank\"><u>DrivingDNA<\/u><sup><u>\u00ae<\/u><\/sup><u> Score<\/u><\/a>, a predictive model and corresponding rating rule that uses telematics data for UBI risk segmentation and pricing precision, or use their own proprietary model. <\/p>\n<p>The Verisk Data Exchange is an industry-leading Internet of Things (IoT) and telematics platform, helping multiple carriers \u2013 including 4 of the top 10 personal auto insurers in the United States \u2013 make more informed decisions with data from the connected world. Working with leading automakers, telematics service providers (TSPs), and property-based data sources, the Exchange uses advanced analytics to transform raw trip and sensor data into insurance-ready insights. It is one of the largest databases of connected car telematics data in North America, using rich, trip-level data from millions of vehicles and behavioral insights from connected properties to give insurers purpose-built access to risk insights that support superior decision-making across the policy life cycle.<\/p>\n<p>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=sM1Xq1qhMxRDvo3d7XS0VS8_a4IUmG0Z7zFag9L3y9DW3VVONJQQNQE1L93u7KSMg3NeYGhOpbYuhJ0IOgXM3p4bQzQ8htL5G3X5xdbEcnWbg4sF_F8vMiPCEq0b5cT2\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n          <u>Learn more<\/u><br \/>\n        <\/a> about the Verisk Data Exchange and Verisk\u2019s telematics solutions. <\/p>\n<p>\n        <strong>About Verisk<\/strong><br \/>\n        <br \/> Verisk (Nasdaq: VRSK) provides data-driven analytic insights and solutions for the insurance and energy industries. Through advanced data analytics, software, scientific research, and deep industry knowledge, Verisk empowers customers to strengthen operating efficiency, improve underwriting and claims outcomes, combat fraud and make informed decisions about global issues, including climate change and extreme events, as well as political and ESG topics. With offices in more than 30 countries, Verisk consistently earns certification by\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=bBxRDmhqESzicH6RNe4kmGwvZ95ILYtm6s0CYCDCZr9B3XKP387F3TsBZPcvIHoazwTosuC-5R5Ty8k8YC85X9_0LK1sUj_7X2ohlvnwCt0RrmAfRr-lUOFzV_6h4lREUQtHwqomTlpoMW0LnL6T4g==\" rel=\"nofollow noopener\" target=\"_blank\"><u>Great Place to Work<\/u><\/a>\u00a0and fosters an\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=HNR6e3qwu61Hyc12v3gwoihO7hezer6XVgEbSUgmRaQE4AtRV9rxugIl9cjt4HLt7TyS-2vzgRjcoOQcFqeP3B9tpkLNspQkV7puiX-Hdd-Z4J3zoaHwB6_CKV9oB3BDVZjjDaG-od3Egag0azMSJQ==\" rel=\"nofollow noopener\" target=\"_blank\"><u>inclusive culture<\/u><\/a>\u00a0where all team members feel they belong. For more, visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=152JYVupAVnCl8kfdeoUeipDB3C7OC2bHXh2f1cptLC5yljnATcm6hrFKeTCK20Pe0RC9Sf90Gx_cjDD95DD7Q==\" rel=\"nofollow noopener\" target=\"_blank\"><u>Verisk.com<\/u><\/a>\u00a0and the\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=152JYVupAVnCl8kfdeoUeprPbKbZSQklf8Ojn3MR2-CqxVvF9b8qrVfpAhr5GNG2JR5KCCoQJoMtHrRMvDXLDzO7lPb9WbG6pc3jT17-5W4=\" rel=\"nofollow noopener\" target=\"_blank\"><u>Verisk Newsroom<\/u><\/a>.<\/p>\n<p>\n        <strong>About Hyundai Motor America<\/strong><br \/>\n        <br \/>Hyundai Motor America focuses on \u2018Progress for Humanity\u2019 and smart mobility solutions. Hyundai offers U.S. consumers a technology-rich lineup of cars, SUVs, and electrified vehicles. Our 820 dealers sold more than 724,265 vehicles in the U.S. in 2022, and nearly half were built at Hyundai Motor Manufacturing Alabama. For more information, visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JNfgj3ociSzX2BClsk5_1W0WuICxvR54MG8XvtsAchebnH7AzhUGyN_nNT8z3k5r0f184LturJ-40HT9frN9cu2TzZRucykcOyS-Wie1gBg=\" rel=\"nofollow noopener\" target=\"_blank\"><u>www.HyundaiNews.com<\/u><\/a>. <\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc0NTM4OSM1Mzk4ODg1IzIyMTAwMjk=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/OGE1M2M0OTYtMjMxZi00YmFjLTljN2UtYWY3OTc2YTA3MzJiLTEyMjE1ODI=\/tiny\/Insurance-Services-Office-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\">\n<pre>Michelle Pantina\r\n551-500-7327\r\nmichelle.pantina@verisk.com\r\n\r\n<\/pre>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Verisk selected for its extensive expertise analyzing telematics data through the Verisk Data Exchange Renewal agreement enables diverse insurers to access driving data from consenting Hyundai owners and deliver potential savings Jersey City, N.J. , Feb. 09, 2023 (GLOBE NEWSWIRE) &#8212; Hyundai Motor America, the U.S. distributor for global automaker Hyundai Motor Company, and Verisk (Nasdaq: VRSK), a leading global data analytics provider, have renewed an agreement in which Verisk will analyze telematics data from consenting owners of Hyundai and Genesis vehicles. Verisk will also continue to be the exclusive provider of that data to auto insurers. With Verisk\u2019s robust insurance analytics and experience as a technology provider, insurers will be able to access the data from the Verisk Data &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-remains-hyundais-exclusive-provider-of-telematics-data-to-insurers\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Verisk Remains Hyundai\u2019s Exclusive Provider of Telematics Data to Insurers&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-730223","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Verisk Remains Hyundai\u2019s Exclusive Provider of Telematics Data to Insurers - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-remains-hyundais-exclusive-provider-of-telematics-data-to-insurers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Verisk Remains Hyundai\u2019s Exclusive Provider of Telematics Data to Insurers - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Verisk selected for its extensive expertise analyzing telematics data through the Verisk Data Exchange Renewal agreement enables diverse insurers to access driving data from consenting Hyundai owners and deliver potential savings Jersey City, N.J. , Feb. 09, 2023 (GLOBE NEWSWIRE) &#8212; Hyundai Motor America, the U.S. distributor for global automaker Hyundai Motor Company, and Verisk (Nasdaq: VRSK), a leading global data analytics provider, have renewed an agreement in which Verisk will analyze telematics data from consenting owners of Hyundai and Genesis vehicles. Verisk will also continue to be the exclusive provider of that data to auto insurers. With Verisk\u2019s robust insurance analytics and experience as a technology provider, insurers will be able to access the data from the Verisk Data &hellip; Continue reading &quot;Verisk Remains Hyundai\u2019s Exclusive Provider of Telematics Data to Insurers&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-remains-hyundais-exclusive-provider-of-telematics-data-to-insurers\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-02-09T14:20:23+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc0NTM4OSM1Mzk4ODg1IzIyMTAwMjk=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/verisk-remains-hyundais-exclusive-provider-of-telematics-data-to-insurers\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/verisk-remains-hyundais-exclusive-provider-of-telematics-data-to-insurers\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Verisk Remains Hyundai\u2019s Exclusive Provider of Telematics Data to Insurers\",\"datePublished\":\"2023-02-09T14:20:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/verisk-remains-hyundais-exclusive-provider-of-telematics-data-to-insurers\\\/\"},\"wordCount\":635,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/verisk-remains-hyundais-exclusive-provider-of-telematics-data-to-insurers\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODc0NTM4OSM1Mzk4ODg1IzIyMTAwMjk=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/verisk-remains-hyundais-exclusive-provider-of-telematics-data-to-insurers\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/verisk-remains-hyundais-exclusive-provider-of-telematics-data-to-insurers\\\/\",\"name\":\"Verisk Remains Hyundai\u2019s Exclusive Provider of Telematics Data to Insurers - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-remains-hyundais-exclusive-provider-of-telematics-data-to-insurers\/","og_locale":"en_US","og_type":"article","og_title":"Verisk Remains Hyundai\u2019s Exclusive Provider of Telematics Data to Insurers - Market Newsdesk","og_description":"Verisk selected for its extensive expertise analyzing telematics data through the Verisk Data Exchange Renewal agreement enables diverse insurers to access driving data from consenting Hyundai owners and deliver potential savings Jersey City, N.J. , Feb. 09, 2023 (GLOBE NEWSWIRE) &#8212; Hyundai Motor America, the U.S. distributor for global automaker Hyundai Motor Company, and Verisk (Nasdaq: VRSK), a leading global data analytics provider, have renewed an agreement in which Verisk will analyze telematics data from consenting owners of Hyundai and Genesis vehicles. Verisk will also continue to be the exclusive provider of that data to auto insurers. With Verisk\u2019s robust insurance analytics and experience as a technology provider, insurers will be able to access the data from the Verisk Data &hellip; Continue reading \"Verisk Remains Hyundai\u2019s Exclusive Provider of Telematics Data to Insurers\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-remains-hyundais-exclusive-provider-of-telematics-data-to-insurers\/","og_site_name":"Market Newsdesk","article_published_time":"2023-02-09T14:20:23+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc0NTM4OSM1Mzk4ODg1IzIyMTAwMjk=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-remains-hyundais-exclusive-provider-of-telematics-data-to-insurers\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-remains-hyundais-exclusive-provider-of-telematics-data-to-insurers\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Verisk Remains Hyundai\u2019s Exclusive Provider of Telematics Data to Insurers","datePublished":"2023-02-09T14:20:23+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-remains-hyundais-exclusive-provider-of-telematics-data-to-insurers\/"},"wordCount":635,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-remains-hyundais-exclusive-provider-of-telematics-data-to-insurers\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODc0NTM4OSM1Mzk4ODg1IzIyMTAwMjk=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-remains-hyundais-exclusive-provider-of-telematics-data-to-insurers\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/verisk-remains-hyundais-exclusive-provider-of-telematics-data-to-insurers\/","name":"Verisk Remains Hyundai\u2019s Exclusive Provider of Telematics Data to Insurers - 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