This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Frost & Sullivan Lauds Sprint's Efforts In Delivering Enhanced Value Through Its Customized Offerings To Insurance Companies

MOUNTAIN VIEW, Calif., Feb. 27, 2013 /PRNewswire/ -- Based on its recent analysis of the automotive usage-based insurance (UBI) market, Frost & Sullivan recognizes Sprint's Integrated Insurance Solutions (ISS) with the 2013 North America Frost & Sullivan Award for Customer Value Enhancement. As privacy and data security are key issues in the automotive UBI market, Sprint has built secure wireless network platforms that can accommodate almost any application in any vertical, both efficiently and affordably.

The company is a member of the board of the Association for Cooperative Operations Research and Development (ACORD), which sets insurance data standards. This position has allowed Sprint to become one of the first North American telecom providers to be a telematics service provider in the UBI space. Sprint's market eminence offers data confidentiality and integrity to insurance companies and, hence, policyholders.

Sprint provides the five essential tools of connectivity, device, application portals, operations/logistics, and customer care for insurance companies to develop a successful UBI program.

Sprint's 3G network provides connectivity, while hardware companies supply the plug-and-play devices. The application portal is showcased through customizable solutions; alerts and data hosting platforms; and order taking, device management, provisioning account for operations, and logistics. Finally, customer care is enabled through after-sales support and project management.

"Sprint's integrated insurance solutions will empower small- to medium-sized insurance companies, enabling them to offer end users direct control of their insurance premiums," said Frost & Sullivan Industry Analyst Niranjan Manohar. "This is likely to influence governments to provide further tax discounts to insurance companies and policyholders adopting this method."

Sprint's in-house UBI program expertise allows it to keep track of customers, and the data transmitted through its wireless carrier to its own servers help prevent fraudulent claims. As usage-based systems facilitate dynamic risk calculation, it can bring about positive changes in users' driving behavior, reduce accidents and, ultimately, increase the insurance provider's profits.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,744.15 -136.21 -0.81%
S&P 500 1,952.06 -18.01 -0.91%
NASDAQ 4,416.5280 -46.3740 -1.04%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs