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.