Sprint, a wireless and wireline communications services provider, has added two new products - text disablement and premium connected services - to its Integrated Insurance Solutions portfolio.
The new products provide auto insurance carriers and self-insured organizations new ways to connect with their customers as well as improve driver risk assessment.
The text disablement product is hard wired into a device that plugs into the vehicle's on-board diagnostic port (OBDII) and it includes a safety feature called geo-fencing. The company plans to launch additional text disablement options for insurance carriers in 2014.
Sprint Emerging Solutions Group vice president Ben Vos said: "We are working to simplify the complexities of usage-based insurance. Using Sprint machine-to-machine (M2M) technology, both insurers and policy holders gain access to important analytical data about driving behavior."
Sprint's Integrated Insurance Solutions is a usage-based insurance platform that provides insurance carriers and self-insured organizations with tools to manage risk, reduce costs and improve profitability.
The company also unveiled IMS to its Integrated Insurance Solutions ecosystem which will available to insurance carriers later this year. This solution turns a car with an on-board diagnostic port into a connected vehicle with in-dash information and entertainment encouraging drivers to keep their eyes on the road.
Sprint Emerging & Wholesale Solutions provides Machine-to-Machine (M2M), connected transportation and traditional wholesale platform solutions to a wide range of industries and customers in more than 165 countries worldwide.
