Insurtech innovator Mile Auto has integrated telematics solutions from Verisk (Nasdaq:VRSK), a leading global data analytics provider, to help consenting, low-mileage drivers easily access affordable car insurance based on how much they drive. By connecting to the Verisk Data Exchange and its network of automakers, Mile Auto will be able to deliver an efficient, customer-centric purchase experience to the growing number of connected car drivers. Mile Auto is fueling its growth as a managing general agent (MGA) by using two Verisk solutions: Discount Alert and DrivingDNA Mileage. With Discount Alert, Mile Auto will be able to use anonymized telemetry data to target low-mileage drivers of connected cars and provide a prompt to request a Mile Auto quote. With DrivingDNA Mileage, Mile Auto will be able to access verified odometer readings.

JERSEY CITY, N.J., June 5, 2018 - Verisk (Nasdaq:VRSK), a leading data analytics provider, today announced a strategic alliance with Omnitracs, LLC, a global pioneer of fleet management solutions to transportation and logistics companies. As the first large-fleet commercial telematics service provider to align with Verisk, Omnitracs will now offer its subscribers the ability to contribute data to the Verisk Data Exchange(TM) and apply analytics to the operational safety of their connected fleets. Through the alliance, fleet owners have the option to transfer driving data collected by their Omnitracs telematics platform, the company's Software-as-a-Service (SaaS) fleet management solution, into the Verisk Data Exchange. By contributing their driving data, Omnitracs subscribers will be able to take advantage of fleet insurance services from participating insurance providers and receive operational safety feedback through focused analytics while keeping fleet managers in complete control of their data. "We're excited to expand our telematics-based insurance services to Omnitracs customers and help the insurance industry address the challenging commercial auto risk segment through innovative tools and solutions," said Saurabh Khemka, senior vice president and general manager, Verisk IoT/Telematics.

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.

Hyundai is delving into the realm of big data. The Korean automaker is partnering with Verisk, a data analytics firm, to offer usage-based insurance to its customers. The scheme could help Hyundai owners save money on insurance, but only if they agree to share their data. Vehicles equipped with Hyundai's BlueLink telematics platform will be able to send data to the Verisk Data Exchange, a massive automotive-data stockpile that insurance companies use to determine rates. Owners who opt into the program will get a Verisk Driving Score based on their driving behavior. If drivers demonstrate low-risk behavior, or just don't drive that much, they may get a lower insurance rate.

About Hyundai Motor America Hyundai Motor America is focused on delivering an outstanding customer experience grounded in design leadership, engineering excellence, and exceptional value in every vehicle we sell. Hyundai's technology-rich product lineup of cars, SUVs, and alternative-powered electric and fuel cell vehicles is backed by Hyundai Assurance-our promise to deliver peace of mind to our customers. Hyundai vehicles are sold and serviced through more than 830 dealerships nationwide, and the majority sold in the U.S. are built at U.S. manufacturing facilities, including Hyundai Motor Manufacturing Alabama. Hyundai Motor America is headquartered in Fountain Valley, California, and is a subsidiary of Hyundai Motor Company of Korea.