Provides Extended UBI Solution for Commercial Line Insurers via IMS Connected Car™ Platform
Insurance Telematics USA 2013, Chicago, IL (Sept. 5, 2013) – Intelligent Mechatronic Systems, a leading Connected Car™ company, has previewed its next-generation IMS Fleet Intelligence solution at Insurance Telematics USA 2013.
IMS Fleet Intelligence provides a highly accurate solution at a competitive, all-in-one price point for fleets of all sizes. The initial feature set is ideal for the underserved, smaller-sized fleet market of two to fifty vehicles and includes real-time vehicle location, behavior-based events and alerts (speeding, acceleration and braking), fuel consumption, idle time information, trip distances, shift tracking using smartphones, and customized vehicle/driver reporting.
Since IMS Fleet Intelligence is built on the IMS DriveSync® Connected Car™ platform, this technology also extends into Usage-Based Insurance (UBI), providing a fleet-oriented UBI solution for commercial lines insurers. Commercial lines insurers now have the opportunity to provide their small fleet businesses with actuarial-grade data by offering a fleet management portal to their customers. This provides businesses with the advantage of insurance discounts and lower claims using the same tool that manages their fleets.
“IMS Fleet Intelligence is another example of the many programs made possible through the extensible IMS DriveSync platform. Organizations using our platform can deploy once and then offer additional telematics programs and connected car services in the future,” said Dr. Otman Basir, CEO of IMS. “Our fleet solution enables organizations to better control fuel fraud, overtime expenses and unauthorized vehicle usage, while lowering the potential for damage incidents through driver coaching and behavior management. It also enables commercial lines insurers to obtain a new fleet-oriented revenue stream and value-added services that build client loyalty.”
IMS Fleet Intelligence is being showcased this week in Chicago at booths 22 and 23 and will be available in 60 days. For more information, visit intellimec.com/fleet.
Intelligent Mechatronic Systems Inc., based in Waterloo, Canada, is a global leader in Telematics and Infotainment, including the convergence of both technologies in delivering the ultimate Connected Car experience. For more information, please visit www.intellimec.com.
Source: Intelligent Mechatronic Systems Inc.