Omnitracs Aligns with Verisk to Provide a New Risk Management Solution to Customers
Omnitracs, LLC, a global pioneer of fleet management solutions to transportation and logistics companies, today announced a strategic alliance with Verisk, a leading provider of specialized data analytics services to several industries. As the first large fleet commercial telematics service provider to align with Verisk on insurance data analytics services, Omnitracs is excited to bring its customers additional opportunities to create operational efficiencies and maximize savings.
“This alliance is a compelling blend of our decades of experience with safety and predictive analytics as well as Verisk’s leading insurance-focused data analytics,” notes Brad Taylor, vice president of data and IoT for Omnitracs. “We are excited to offer this as an option to Omnitracs fleets and for the potential to create a portfolio of risk management solutions for our joint customers.”
Omnitracs customers can opt-in to transfer their fleet driving data, collected by their Omnitracs telematics platform, into the Verisk Data Exchange™ – the platform that helps commercial lines insurers better manage risk while allowing fleet operators to optimize safety and minimize operational costs. By doing so, Omnitracs customers will gain access to fleet insurance services and operational safety feedback through analytics which they may choose, at their discretion, to make available to insurers, providing fleet managers with complete control of their data.
“We’re excited to expand our telematics-based insurance services to Omnitracs customers and help the insurance industry address the challenging commercial risk segment through innovative tools and solutions,” said Saurabh Khemka, senior vice president and general manager, Verisk IoT/Telematics. “Through the Verisk Data Exchange, we see great potential to enhance the way insurers manage commercial risk while providing added value and experience to fleet operators and telematics service providers.”
Verisk (NASDAQ:VRSK) is a leading data analytics provider serving customers in insurance, energy and specialized markets, and financial services. Using advanced technologies to collect and analyze billions of records, Verisk draws on unique data assets and deep domain expertise to provide first-to-market innovations that are integrated into customer workflows. Verisk offers predictive analytics and decision support solutions to customers in rating, underwriting, claims, catastrophe and weather risk, global risk analytics, natural resources intelligence, economic forecasting, and many other fields. Around the world, Verisk helps customers protect people, property, and financial assets.
Headquartered in Jersey City, N.J., Verisk operates in 30 countries and is a member of Standard & Poor’s (S&P) 500® Index. In 2017, Forbes magazine named Verisk to its America’s Best Mid-size Employers and World’s Most Innovative Companies lists. Verisk is one of only seven companies to appear on both lists. For more information, please visit www.verisk.com.
About Omnitracs, LLC
Omnitracs, LLC is a global pioneer of trucking solutions for all business models. Omnitracs’ more than 1,000 employees deliver software-as-a-service-based solutions to help over 12,000 customers manage nearly 1,100,000 assets in more than 70 countries. The company pioneered the use of commercial vehicle telematics thirty years ago and serves today as a powerhouse of innovative, intuitive technologies. Omnitracs transforms the transportation industry through technology and insight, featuring best-in-class solutions for compliance, safety and security, productivity, telematics and tracking, transportation management (TMS), planning and delivery, data and analytics, and professional services.