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AUTO SAFETY

 

Car accidents are the leading cause of death in the U.S. teenagers. Teen drivers are three times more likely to be in a fatal car crash.

More about Auto Safety


INSURANCE INDUSTRY SOLUTIONS

 

It’s more important than ever for insurance carriers to reduce costs improve risk-assessment and offers customers more value.

More about insurance telematics solutions


#DRIVESAFE

 

Watch what moms are saying about Sprint UBI products that help keep drivers safer.

Let's talk about #DriveSafe


INSURANCE TELEMATICS

If your company is waiting for the insurance telematics market to evolve, you might want to read some of the latest research.

According to Telematics/Usage-Based Insurance: A Catalyst for Change, a report from research company Strategy Meets Action:

  • 70% of North American property and casualty insurers are engaged in some stage of insurance telematics.
  • SMA notes that most of the 10 largest private passenger auto writers have insurance telematics programs, but that they are not heavily promoted and most are available in just a few states.
  • 8 of the top 10 US companies now have insurance telematics
    programs or pilots underway.
  • One in five insurance company professionals predict insurance telematics
    will capture more than 50% of the personal auto insurance market in the next five years.
  • Finally, Frost & Sullivan estimates the U.S. market will have one million activations by 2017.  Frost & Sullivan forecasts annual growth of the insurance telematics
    market to be 36% per year.

SPRINT Insurance Telematics NEWS & PRESS

Sprint’s excellence in insurance telematics is featured in the press regularly.

Sprint is a global company serving over 56 million customers worldwide. We have been recognized for overall customer satisfaction and the Sprint brand has a brand recognition rate of 97%.

Sprint was ranked #1 in customer satisfaction across 47 different industries---and Sprint is the only customer to ever go from last place to first place in just 4 years. (American Customer Satisfaction Index – May 2012) 

Sprint ranked high in “The Customer Experience Index 2012” by Forrester Research.


How did one agency work with Sprint to advance its insurance offerings?
Read the Sun Coast case study.




usage based insurance M2MFind out more about SPRINT M2M EXPERTISE...


Need an M2M solution?

If you are interested in one of our many Machine to Machine (Sprint M2M) solutions or pricing please contact us and we will connect you with one of our experts!

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Sprint Launches Integrated Insurance Solutions

Jul 19, 2012


Sprint integrates wireless network, hardware, driver analytics and scoring to deliver usage-based insurance

M2M technology aims to improve driver safety, reduce risk and save consumers money

OVERLAND PARK, Kan. – July 19, 2012 – Sprint (NYSE: S) today announced that it will market 
integrated, end-to-end usage-based insurance (UBI) services designed specifically for the auto 
insurance industry. Sprint will be the first wireless carrier to offer a low-cost turnkey trial program for insurance carriers to start their own trials and pilot programs. 

Integrated Insurance Solutions from Sprint will give insurance carriers the ability to offer customers personalized discounts based on their driving habits. The vehicle is fitted with a small device that easily plugs into the diagnostic port. It captures vehicle information and driver behavior data which is transmitted over the Sprint wireless network. A cloud-based system analyzes the data with driver scoring software that enables insurance carriers to improve driver risk assessments, reduce costs and improve profitability. 

Sprint is providing insurers with a seamless experience so that they can expand their offerings but still focus on their core business. “We have simplified usage-based insurance,” said Matt Carter, president-Global Wholesale and Emerging Solutions, Sprint. “Sprint has assembled all the necessary components together so that insurers have a single point of contact for all UBI-related needs. We are working with industry-leading companies to help insurance carriers offer more options and help the policyholders drive more safely and save money. Sprint is committed to making transportation safer through our dependable and continually improving network.”

With Integrated Insurance Solutions from Sprint, insurance carriers will be able to identify better drivers and reduce risk. Carriers will be able to receive detailed analytical data about participating policyholders’ driving behaviors. In addition to “pay as you drive” programs that provide discounts to consumers based on driving behavior, insurance carriers can also offer their customers value-added services such as Web-based tools that let them monitor their vehicle health, get tips on how their driving behavior can be adjusted to be more fuel efficient and even monitor their vehicles’ location.

Experience with UBI

Sprint has worked with Esurance on a successful UBI pilot program for policyholders in Arizona. Based on the success of that program, Esurance recently launched its first UBI offering for consumers in Texas. “Partnering with Sprint on usage-based insurance is helping Esurance to offer consumers discounts of up to 30 percent based on their own unique driving habits,” said Chris Henn, managing director-Product, Esurance.

“Our embrace of UBI fits with Esurance’s approach to using the latest technology, and is a great fit for our customer base of self-directed, tech-savvy customers.”Sprint is demonstrating leadership in this emerging, fast-growing market by offering innovative usage based insurance solutions that offer many benefits to insurance carriers and consumers. The superior location capability of the inherently secure Sprint CDMA network will assist Integrated Insurance Solutions from Sprint in providing insurers and their policyholders with accurate and reliable data analytics.

Jump Start Trial Program 

Sprint also announced that it is offering a comprehensive, three-month Jump Start UBI Trial Program, an industry first. This packaged, cost-effective trial program will enable insurance carriers to evaluate the ROI of Integrated Insurance Solutions from Sprint.

Wireless Network Enables Innovation

UBI is the latest example of how Sprint is leveraging its wireless network and advancing machine-to-machine (M2M) technology. Sprint has been at the forefront of M2M technology with more than 12 years of experience in this wireless industry revolution. The Sprint 3G network has a nationwide footprint and uses inherently secure CDMA technology.

Over the years, Sprint has joined and supported a large and diverse portfolio of innovative companies to create smarter wireless solutions that change the way people work and live. Sprint has certified hundreds of M2M solutions and has millions of devices running on its network today. As M2M technology continues to grow, it will be able to benefit from Sprint’s brand-new network, which is currently being built around the country. The Network Vision initiative is designed to enhance customers’ network experience with faster data speeds, improved voice quality and easier connectivity. Sprint expects to complete Network Vision by the end of 2013. 

About the Sprint Emerging Solutions Group
Sprint’s M2M leadership has earned prestigious third-party validation – including the top-ranked North American M2M provider (and second-ranked carrier overall among 12 global service providers) by Analysys Mason, and the Frost & Sullivan 2011 Customer Value Enhancement Award in North America for Machine to Machine Communications. To learn more about Sprint’s M2M offerings, visit .

About Sprint Nextel
Sprint Nextel offers a comprehensive range of wireless and wireline communications services bringing the freedom of mobility to consumers, businesses and government users. Sprint Nextel served more than 56 million customers at the end of the first quarter of 2012 and is widely recognized for developing, engineering and deploying innovative technologies, including the first wireless 4G service from a national carrier in the United States; offering industry-leading mobile data services, leading prepaid brands including Virgin Mobile USA, Boost Mobile, and Assurance Wireless; instant national and international push-to-talk capabilities; and a global Tier 1 Internet backbone. The American Customer Satisfaction Index rated Sprint No. 1 among all national carriers and most improved in customer satisfaction across all industries during the last four years. Newsweek ranked Sprint No. 3 in its 2011 Green Rankings, listing it as one of the nation’s greenest companies, the highest of any telecommunications company. You can learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.

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Sprint Nextel
6200 Sprint Parkway
Overland Park, Kan. 66251
Media Contact:
Randy Spolter, 703-592-8507
randal.spolter@sprint.com