
M2M technology is radically shifting the entire automotive insurance business model. Today, there are over 183 million registered autos in the U.S. Thanks to new M2M technology insurers can now closely monitor drivers, determine with extreme accuracy which ones are better than others, and then provide rates accordingly.
This new Usage Based Insurance (UBI) system has created a great race to rate drivers, grab the good ones, and shed the risk based upon hard, actionable data. By tracking policyholder mileage and driver actions such as sudden acceleration, braking, swerving and other key metrics, insurers reap a host of benefits: improved underwriting and premium calculations, a reduction in claims, lower churn, stronger fraud and theft prevention, and new green initiatives. And that's just the beginning.
If you're an insurer, Sprint can give you competitive service plans that let you roll out any type of UBI program. We have the only partner in the U.S. that provides a CDMA, self-installed device suitable for the UBI market.
If you are a device or application developer, we can help you rapidly certify your technology to run on The Now Network, and build a UBI ecosystem complete with scoring software, third-party driver-rating systems, marketing support and other essential tools. Contact us to learn more.