Frost & Sullivan Recognizes Sprint Integrated Insurance Solutions

  Frost & Sullivan Recognizes Sprint Integrated Insurance Solutions

Business Wire

OVERLAND PARK, Kan. -- February 25, 2013

Sprint (NYSE: S) has received the 2013 North American Customer Value
Enhancement Award in Usage-based Insurance (UBI). Sprint Integrated Insurance
Solutions has been recognized for providing value to auto insurance carriers,
as well as their customers. Specifically, Frost & Sullivan’s analyst stated
that Sprint has provided a complete turnkey service, enabling its clients to
offer solutions with integrated devices and platforms for multiple
applications. It offers customers the flexibility to partner with multiple
members of the UBI value chain.

“We are very excited to receive this prestigious recognition from Frost &
Sullivan,” said Wayne Ward, vice president-M2M and Connected Transportation,
Sprint. “We are collaborating with industry-leading companies to help
insurance carriers offer more options and help the policyholders drive more
responsibly. Sprint is committed to making transportation safer through our
dependable and continually improving network.”

Integrated Insurance Solutions from Sprint gives insurance carriers the
ability to offer policy holders personalized discounts based on their driving
habits. The vehicle is fitted with a small device that easily plugs into the
diagnostic port. It captures vehicle information and driver behavior data,
which is transmitted over the Sprint wireless network. A cloud-based system
analyzes the data with driver-scoring software that enables insurance carriers
to improve driver risk assessments, reduce costs and improve profitability.

With Integrated Insurance Solutions from Sprint, insurance carriers and
participating policyholders have access to detailed analytical data about
driving behavior. In addition to “pay-as-you-drive” program discounts,
insurance carriers can also offer policyholders value-added services such as
Web-based tools that let them monitor their vehicles’ health, get tips on how
their driving behavior can be adjusted to be more fuel-efficient, and even
monitor their vehicles’ location.

Frost & Sullivan’s research reveals that the key factors that have contributed
to Sprint’s excellence in customer value enhancement are: 1) commitment to
deliver superior customer value, 2) unique benefits for insurance carriers,
and 3) the ability to incorporate value-added services.

“The market for automotive passenger and commercial fleet insurance is at a
competitive stage, where differences in product offering among insurance
providers pose the biggest challenge,” said Niranjan Manohar, industry
analyst-Frost & Sullivan. “Fuel economy and emission norms are finding greater
magnitude and are the most sought-after attributes in the North American
automotive industry. Insurance companies are swarmed by accident insurance
claims due to risky driving behavior, while fleet management companies and
managers report to Frost & Sullivan that they are feeling the pressure due to
non-fuel-efficient driving habits, which lead to higher insurance premiums.
Usage-based insurance is being considered by many insurance companies as an
alternative to help reduce their claims or curb insurance premiums levied on
policyholders.”

“Sprint has assembled the necessary components so that insurers have a single
point of contact for all UBI-related needs,” said Ward. “As a mobile
integrator, we work with companies like Agnik, Any Data and Modus to create
smarter wireless solutions that change the way people work and live.”

About Frost & Sullivan Customer Value Enhancement Award

The Frost & Sullivan Customer Value Enhancement Award is presented each year
to the company that has demonstrated excellence in implementing strategies
that proactively create value for its customers with a focus on improving the
return on the investment that customers make in its services or products. This
award recognizes the company's inordinate focus on enhancing the value that
its customers receive, beyond simply good customer service, leading to
improved customer retention and ultimately, customer-base expansion.

Sprint’s Network Vision

UBI is just one example of how Sprint is leveraging its wireless network and
advancing machine-to-machine (M2M) technology. Sprint has been at the
forefront of M2M technology with more than 12 years of experience in this
wireless industry revolution.

As M2M technology continues to grow, it will be able to benefit from the
all-new Sprint network, which is being deployed in markets across the country.
The Network Vision initiative is designed to enhance customers’ network
experience with faster data speeds, improved voice quality and easier
connectivity. Sprint expects to be mostly complete with Network Vision by the
end of 2013.

About Sprint Nextel

Sprint Nextel offers a comprehensive range of wireless and wireline
communications services bringing the freedom of mobility to consumers,
businesses and government users. Sprint Nextel served more than 55 million
customers at the end of 2012 and is widely recognized for developing,
engineering and deploying innovative technologies, including the first
wireless 4G service from a national carrier in the United States; offering
industry-leading mobile data services, leading prepaid brands including Virgin
Mobile USA, Boost Mobile, and Assurance Wireless; instant national and
international push-to-talk capabilities; and a global Tier 1 Internet
backbone. The American Customer Satisfaction Index rated Sprint No. 1 among
all national carriers in customer satisfaction and most improved, across all
47 industries, during the last four years. Newsweek ranked Sprint No. 3 in
both its 2011 and 2012 Green Rankings, listing it as one of the nation’s
greenest companies, the highest of any telecommunications company. You can
learn more and visit Sprint at www.sprint.com or www.facebook.com/sprint and
www.twitter.com/sprint.

Contact:

Sprint
Randy Spolter, 703-592-8507
randal.spolter@sprint.com