LexisNexis Risk Solutions expanded its global usage-based insurance (UBI) solutions with the acquisition of Wunelli, an industry-leading telematics data services company based. Together, the companies empower insurers to leverage telematics data to reduce risk exposure and improve consumer experience with usage-based insurance.
The combined LexisNexis® and Wunelli datasets will result in one of the largest provider-held insurance telematics databases in the world, with solutions to support insurers as they assess risk, discount safer drivers and serve customers more effectively.
Wunelli was founded in 2007 and has spent years enhancing its extensive data capabilities and developing its own telematics hardware and applications to safely collect and score data.
Hines Associates Limited acted as financial adviser to Wunelli.