inControl program launched by NYCM focuses on teen driver safety using IMS’s usage-based insurance solution
Waterloo, ON (July 14, 2015) – New York Central Mutual Fire Insurance Company (NYCM) announces the introduction of inControl™, an innovative usage-based insurance (UBI) program, using the UBI Intelligence solution by Intelligent Mechatronic Systems (IMS), creators of the DriveSync® connected car platform.
Usage-based insurance is one of the many connected car services made possible by the DriveSync platform. “IMS’s DriveSync connected car technology continues to be the top choice for insurance companies focused on driver safety leveraging telematics,” said Ben Dailey, Executive Director of US Sales and Business Development. “We are pleased to bring NYCM our latest usage-based insurance solution, backed by end-to-end operations, logistics and customer support that is easy and quick to deploy.”
With inControl, teenage drivers and parents can customize email and text alerts to measure and monitor harsh braking, harsh acceleration, speeding, unauthorized driving times and unapproved driving locations. To collect driving information, a device is plugged into the OBD-II port (typically found below the dashboard in any vehicle manufactured after 1996), enabling drivers to have access to real-time information about their driving habits through a web portal. By enrolling in the NYCM inControl program, eligible drivers receive a 10% participation discount on their auto insurance premium for the first twelve months. Based on real-time driving behaviors, policy holders could also be eligible to save up to 30% on their renewal premium.
NYCM is focused on providing auto insurance customers with tools and technology that create safer driving experiences, signified by the launch of inControl. The program is available for customers of all ages, however the greatest benefit has been found among teenagers. “The teenage driver coaching features made a significant improvement in both driver behavior and peace of mind for families in our market trials,” said Mike Perrino, First Senior Vice President of Product Management, “Our partnership with IMS, and the development of our inControl solution, has allowed us to introduce innovative usage-based insurance technology in a very sensible yet meaningful way.”
About Intelligent Mechatronic Systems (IMS)
Established in 1999, IMS is a leader in connected-car technology that enables drivers to be safer, smarter, and greener. The unique approach of converging in-car infotainment, automotive telematics, and wireless technology has resulted in an impressive range of solutions. From insurance and government to fleets and everyday drivers, IMS technology revolutionizes industries. For more information, visit www.intellimec.com.
About New York Central Mutual Fire Insurance Company (NYCM)
NYCM Insurance, headquartered in Edmeston, N.Y., is a property and casualty insurance carrier providing coverage to residents and businesses in New York since 1899. The company offers automobile, homeowner, mobile home, umbrella and commercial policies and is rated “A+” by A.M. Best Company. For more information, call 800-234-6926 or visit www.nycm.com.
Source: Intelligent Mechatronic Systems Inc.