Verisk Analytics remains Hyundai’s exclusive provider of telematics data

Hyundai Motor America, the U.S. distributor for global automaker Hyundai Motor Company (HYMTF), and Verisk (VRSK) 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’s robust insurance analytics and experience as a technology provider, insurers will be able to access the data from the Verisk Data Exchange and price the policies of applicable Hyundai and Genesis owners based on the relative safety of their driving. "Verisk 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," said Manish Mehrotra, executive director of digital business planning and connected operations at Hyundai. "Their 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."