Effecient Solutions for connected car

 LOW RISK DRIVERS

 

It’s more important than ever for auto insurers to reduce costs, improve risk-assessment and offer their customers more value. Sprint Usage Based Insurance

Why UBI?


CONGRATULATIONS

 

Sprint’s Integrated Insurance Solutions was recognized for providing value to auto insurance carriers as well as their customers.
 

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Jump-Start

 

Build confidence by trialing usage-based insurance with Sprint. Test a UBI solution with no major investments or hidden fees. 

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Cost savings UBI solutions for insurance

INSURANCE INDUSTRY FACTS

According to the Center for Disease Control, auto accidents are a “serious public health problem”.* Driver behaviors such as speeding, distracted driving and drinking alcohol increase the risks substantially. Lives are lost or changed forever by motor vehicle accidents—how can insurance companies help keep drivers safe on the road—as well as minimize the economic costs involved with motor vehicle accidents, which are staggering.

The Center for Disease Control reports that medical care and productivity losses associated with motor vehicle crash injuries was over $99 BILLION in 2010 or $500 for each licensed driver in the United States. 

Private insurers pay approximately 50% of the costs*** involved with auto accidents, so saving lives and preventing auto accidents are a huge priority for insurance companies.


Video: Sprint Usage Based Insurance Solutions


UBI SOLUTIONS - INSURANCE CARRIERS

Insurance companies can combine traditional methods of risk assessment with Sprint’s UBI user friendly technology to saving lives and saving money. Sprint Auto Safety is a turnkey program that we can implement for your business efficiently and quickly.

Recent studies show that driving behavior is the most predictive risk factor--more than twice as predictive of claim costs as any other factor.****

  • Drivers with the highest-risk driving behavior have loss costs that are 2.5 times higher than drivers with the lowest risk behavior.****
  • Speeding is one of the most prevalent factors contributing to car crashes. Research shows that speed was a contributing factor in 31% of fatal car crashes.*****
  • Fatigue was a factor in 1 in 6*** of the fatal automotive crashes, according to AAA.


 

UBI Insurance solutions Whitepapers

Resources for UBI Solutions


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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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UBI Insurance solutions Safe driving