Technology

TomTom Flows Driving Data To Verisk Data Exchange

Posted on June 7, 2017

JERSEY CITY, N.J. — Verisk Insurance Solutions, a source of information about property/casualty insurance risk, announced June 6 an alliance with TomTom Telematics, one of the world’s leading telematics solution providers. Through the alliance, fleet owners can choose to flow driving data collected by the TomTom Telematics Service Platform with WEBFLEET, the company’s Software-as-a-Service (SaaS) fleet management solution, into the Verisk Data Exchange. This will provide TomTom WEBFLEET subscribers access to fleet insurance benefits and operational safety feedback. Verisk Insurance Solutions is a Verisk Analytics (Nasdaq:VRSK) business.

Launched to market in July 2016, the Verisk Data Exchange offers fleet owners and managers the opportunity to contribute their driving data and seamlessly take advantage of participating carriers’ fleet insurance coverage designed to reward safety-conscious fleets.

“Through this integration, fleet operators with WEBFLEET can potentially realize significant insurance cost savings simply by practicing safe driving behaviors,” says Torsten Grunzig, director of North American Sales for TomTom Telematics. “This solution clearly illustrates how data access and data flow can drive real business benefit.”

“The TomTom Telematics Service Platform provides a valuable connected service to its customers to improve service level and increase overall fleet performance,” said Saurabh Khemka, senior vice president and general manager, Verisk IoT/Telematics.

“Through this alliance, WEBFLEET customers can extend the reach of connected-fleet driving data to include insurance pricing that better reflects the operational safety of their fleet. Our data exchange continues to grow: To date, more than 7 billion miles of driving data have been collected from over 1.5 million vehicles. In the first quarter of 2017, we processed more than 3.7 million trips a day. We’re excited to welcome TomTom Telematics to the exchange.”

The Verisk Data Exchange is a hub for connected-vehicle and smart-home data. Verisk’s Internet of Things solutions help personal and commercial lines insurers achieve more accurate rating, proactive mitigation services, and faster first notice of loss. For more information, visit verisk.com/data-exchange.

About Verisk Insurance Solutions
A Verisk Analytics (Nasdaq:VRSK) business, Verisk Insurance Solutions is a leading source of information about property/casualty insurance risk. Drawing upon unique data assets and deep domain expertise to provide innovative solutions that are integrated into customer workflows, Verisk Insurance Solutions includes the industry-leading brands of ISO, AIR Worldwide, and Xactware. Around the world, Verisk Insurance Solutions helps customers protect people, property, and financial assets. For more information, visit www.verisk.com/insurance.

About TomTom Telematics
TomTom Telematics is a business unit of TomTom dedicated to fleet management, vehicle telematics, and connected-car services. WEBFLEET is a Software-as-a-Service solution used by small to large businesses to improve vehicle performance, save fuel, support drivers, and increase overall fleet efficiency. In addition, TomTom Telematics provides services for the insurance, rental, and leasing industries, car importers, and companies that address businesses as well as consumers.

TomTom Telematics is one of the world’s leading telematics solution providers, with more than 720,000 subscriptions worldwide. The company services drivers in more than 60 countries, giving them the industry’s strongest local support network and widest range of sector-specific third-party applications and integrations. More than 47,000 customers benefit every day from the high standards of confidentiality, integrity, and availability of our ISO/IEC 27001:2013 certified service, reaudited in November 2016. For further information, please visit telematics.tomtom.com. Follow us on Twitter @WEBFLEETusa

Source: Press Release

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