Omnitracs to join Verisk Data ExchangeBy Saurabh Khemka | June 14, 2018
Omnitracs, LLC, a global pioneer of fleet management solutions to transportation and logistics companies will join the Verisk Data Exchange™. Omnitracs will now offer its subscribers the ability to contribute data to the Verisk Data Exchange and leverage telematics data for risk management and insurance services.
Transfer driving data
Through the alliance, fleet owners have the option to transfer driving data collected by their Omnitracs telematics platform, the company’s Software-as-a-Service (SaaS) fleet management solution, into the Verisk Data Exchange. By contributing their driving data, Omnitracs subscribers will be able to take advantage of fleet insurance services from participating insurance providers and receive operational safety feedback through focused analytics while keeping fleet managers in complete control of their data.
Address commercial auto risk challenges
The alliance will help the insurance industry address the challenging commercial auto risk segment through innovative tools and solutions, offering great potential to enhance the way insurers manage commercial auto risk while providing added value and experience to fleet operators and telematics service providers.
As a hub for connected vehicle and smart home data, the Verisk Data Exchange is the insurance industry’s leading Internet of Things (IoT) platform, helping personal and commercial lines insurers achieve more accurate ratings, proactive loss mitigation services, and faster first notice of loss. The exchange now has more than 3.5 million vehicles with over 43 billion miles of driving data—and growing.