Data analytics provider Verisk announced a strategic alliance with Omnitracs, LLC. As the first large-fleet commercial telematics service provider to align with Verisk, Omnitracs will now offer its subscribers the ability to contribute data to the Verisk Data Exchange and apply analytics to the operational safety of their connected fleets.
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.
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.