SEATTLE, Wash. – ATG Risk Solutions, creators of the FAIR Score, a safe driving index compiled from billions of miles of driving data sourced from the insurance industry’s first telematics Clearinghouse, announced today an agreement with INRIX, a leader in big data technology for transportation. INRIX Road Weather data will be available to insurance carriers via the ATG Clearinghouse to improve underwriting capabilities.
“As the world’s largest telematics data clearinghouse for usage-based insurance, ATG is always on the look-out for unique, accurate and reliable data sources that will further enrich our predictive analytics,” said ATG Risk Solutions President and Founder Chris Carver. “We are thrilled to collaborate with INRIX to access vital road and weather information that will inform the ATG FAIR Score and help Clearinghouse customers improve the consistency of their underwriting and accuracy of their claims handling – all of which will lead to safer driving and a better insurance product for policyholders.”
The ATG Clearinghouse allows auto insurers to access a standardized and verified set of vehicle analytics and data on the driven environment to enhance their underwriting methods. INRIX Road Weather data will provide further detail on road conditions that may impact driving events. With the world’s largest telematics vehicle database for underwriting and claims, the ATG Clearinghouse serves as a secure and trusted repository of data on how, where and when commercial vehicles are being driven. By participating in the Clearinghouse, transportation data aggregators, such as INRIX, are helping insurers improve their underwriting capabilities.
“Leveraging the anonymous GPS signals of 250 million drivers and devices for better auto insurance applications takes unique analytics and industry insight,” said Kevin Foreman, general manager, GeoAnalytics, INRIX, Inc. “ATG Clearinghouse is turning INRIX Road Weather data into valuable information that will assist insurance carriers’ underwriting consistency and accuracy.”
ATG gathers, stores, normalizes and standardizes anonymous vehicle and driving data, facilitating the private and secure transaction of data between TSPs and insurers, with the consent of the policyholder/fleet owner. In so doing, ATG serves as a single, standardized data source that integrates seamlessly with the insurance carriers’ underwriting process.
About ATG Risk Solutions
ATG Risk Solutions (ATG) is the leading provider of connected vehicle data and proprietary vehicle safety scoring resources for underwriting and claims for the property and casualty (P&C) insurance industry. The company facilitates the exchange of data between Telematics Service Providers (TSPs) and their business fleet customers’ insurance carriers in a unique data clearinghouse that is shaping the future of auto insurance. The ATG Clearinghouse offers a trusted and secure means by which the insurer can verify and assess the risk of covered vehicles in a policyholder’s fleet, helping insurers improve underwriting consistency, and helping fleet customers access insurance credits and benefits. For more information, please visit www.atgrisk.com.
About INRIX
INRIX is one of the fastest growing big data technology companies in the world. The company leverages big data analytics to reduce the individual, economic and environmental toll of traffic congestion. Through cutting-edge data intelligence and predictive traffic technologies, INRIX helps leading automakers, fleets, governments and news organizations make it easier for drivers to navigate their world. Our vision is simple – to solve traffic, empower drivers, inform planning and enhance commerce.
Whether through an in-car or smartphone navigation application, a local newscast or our INRIX Traffic app, our up-to-the-minute traffic information and other driver services help millions of drivers save time, fuel and frustration. INRIX delivers traffic and driving-related insight, as well as sophisticated analytical tools and services across six industries covering nearly five million miles (7.9 million km) of road in 41 countries. For more information visit us at INRIX.com or download our INRIX XD Traffic App for iOS and Android.
