Insurance Services Office announced it has formed an alliance with IVOX Inc., a firm with expertise in predictive driver risk management, to analyze data collected by telematics devices installed in passenger vehicles and commercial fleets.

ISO, based in Jersey City, N.J., said the alliance will be the foundation for next-generation tools and joint product development for measuring, managing and reducing risk. As part of the alliance, ISO said it has invested in Atlanta-based IVOX as a shareholder. The size of the stake was not disclosed.

The Applied Informatix unit of ISO will work with IVOX and insurance companies to collect and analyze data from telematics devices installed in vehicles–initiating the largest study of its kind to date to assess the predictability of telematics data for rating, underwriting and claims purposes, ISO said.

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