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Insurtech

LexisNexis, IMS Cut UBI Telematics Costs Up to 80%

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LexisNexis, IMS Cut UBI Telematics Costs Up to 80%

Atlanta – September 24, 2026 -- LexisNexis Risk Solutions and IMS have integrated the LexisNexis Drive Metrics scoring model into IMS's EdgeSDK, enabling U.S. auto insurers to cut usage-based insurance (UBI) operational costs by up to 50% to 80% through on-device processing that eliminates cloud storage fees.

On-device computing eliminates cloud costs for insurers

The integration moves driving behavior data processing directly onto consumers' smartphones rather than through cloud infrastructure, addressing a cost barrier that has historically limited UBI program growth. LexisNexis states the approach can generate savings of 50% or more by removing cloud processing and storage fees tied to traditional telematics programs.

Instappraise, Jewelers Mutual Launch Instant Insurance Quote Integration

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Instappraise, Jewelers Mutual Launch Instant Insurance Quote Integration

Calgary, AB – September 19, 2026 -- Instappraise has integrated its cloud-based jewelry appraisal platform directly with Jewelers Mutual Group's insurance system, enabling real-time personal jewelry insurance quotes at the point of appraisal.

Integration eliminates separate steps for appraisal and insurance coverage

When an appraiser or retailer finalizes an appraisal document within Instappraise, the user can now request an instant insurance quote directly from Jewelers Mutual using the valuation data already entered. The platform emails the personalized quote from Jewelers Mutual to the client, who can then purchase a policy in a few steps.

Early-access rollout begins this month ahead of full-scale launch

The integration is currently available through an exclusive early-access program to select Instappraise users starting in September 2026, with a broader release planned later this year.