Hyundai Selects Verisk For Usage-Based Insurance

Hyundai Motor America and Verisk, a data analytics provider, are partnering to bring usage-based insurance programs to Hyundai customers. As a hub for connected vehicle and smart home data, the Verisk Data Exchange is an insurance industry Internet of Things (IoT) platform helping personal and commercial lines insurers achieve more accurate ratings, proactive loss mitigation services, and faster first notices of loss. The exchange now has 3.3 million cars with more than 36.5 billion miles of driving data and is growing at more than 150,000 vehicles every month. Hyundai will supply Verisk with driving data via its Blue Link connected car service from consenting car owners. Together, both companies will help to reduce the cost of ownership for Hyundai owners and lessees.