ATG Risk Solutions, creators of the FAIR™ Score a safe driving index, and the first telematics data clearinghouse to enable usage-based insurance (UBI) programs
Seattle, WA/Scottsdale, AZ (PRWEB) March 23, 2015
ATG Risk Solutions, creators of the FAIR™ Score safe driving index and the first telematics data clearinghouse to enable usage-based insurance (UBI) programs for auto insurance carriers, and leading fleet telematics provider GPS Insight announced today an agreement under which the ATG Clearinghouse will make GPS Insight telematics data available to commercial auto insurers for risk management and underwriting.
The ATG Clearinghouse allows auto insurers to access and verify vehicle information and driving analytics to enhance their underwriting and ratings processes. With the world’s largest telematics vehicle database, the ATG Clearinghouse serves as a secure and trusted repository of detailed data on how, where and when vehicles are being driven. By participating in the Clearinghouse, telematics service provider fleet management companies (TSPs) such as GPS Insight are able to monetize the data they collect on behalf of fleet customers and those customers, in turn, can access potential insurance credits and benefits.
“We are delighted to welcome GPS Insight as a premier telematics data partner to the ATG Clearinghouse. GPS Insight provides highly flexible solutions, which include a wide range of customized reports, alerts, and other innovative features at the leading edge of fleet safety data solutions,” said ATG Risk Solutions Founder and President Chris Carver. “The core of our offering to insurers is the vital data gathered by TSPs such as GPS Insight, and with their help, we are making the promise of UBI a reality for fleet operators and their insurers.”
ATG gathers, stores, normalizes and standardizes vehicle and driving data from TSPs, facilitating the private and secure transaction and transmission of data between TSPs and insurers, following the consent of the policyholder/fleet owner. In so doing, ATG serves as a single, standardized data source that integrates seamlessly with the insurance carriers’ underwriting process. The company’s FAIR Score (Forward Assessment of Indexed Risk) offers a detailed analysis of a fleet’s driving safety, within the context of the driven environment, and a comparison to fleets of similar classification, size, territory and operation.
“By partnering with the ATG Clearinghouse, we offer our fleet customers an additional level of service and a further return on their telematics investment, connecting them to their insurers as never before,” said Rob Donat, GPS Insight CEO and founder. “As the critical data link between the fleet operator, TSP and insurer, the Clearinghouse serves as the essential privacy and data integrity control point for this exchange. We are excited to be actively participating in this revolutionary program as it helps insurers and our customers better manage risk, simplify claims and reduce losses.”
About GPS Insight
GPS Insight is a top technology provider of GPS fleet tracking software for businesses with mobile assets. Using the GPS Insight Fleet & Asset Tracking Solution, companies realize a significant increase in efficiency and gain insight into all aspects of their fleet operations. Businesses work with GPS Insight to solve their unique fleet challenges through increased revenue, reduced costs, and reduced risk. GPS Insight provides highly flexible solutions, which include a wide range of customized reports, alerts, and other innovative features that can be tailored to meet specific customer requirements and ensure maximum return on investment. Visit http://www.gpsinsight.com.
About ATG Risk Solutions:
ATG Risk Solutions (ATG) is the leading provider of connected vehicle data and proprietary vehicle safety scoring resources for underwriting and claims for the property and casualty (P&C) insurance industry. The company facilitates the exchange of data between Telematics Service Providers (TSPs) and their business fleet customers’ insurance carriers in a unique data clearinghouse that is shaping the future of auto insurance. The ATG Clearinghouse offers a trusted and secure means by which the insurer can verify and assess the risk of covered vehicles in a policyholder’s fleet, helping insurers improve underwriting consistency, and helping fleet customers access insurance credits and benefits. For more information, please visit http://www.atgrisk.com.
