TrueMotion partners with Intact Financial Corporation for Next-Generation Telematics

Leading Canadian carrier to use data-driven insights to power customer engagement

Boston, MA (May 15, 2018) – TrueMotion, the leading platform for smartphone telematics, today announced a new partnership with Intact Financial Corporation, the largest provider of property and casualty insurance in Canada and a leading provider of specialty insurance in North America. As part of this partnership, Intact will leverage data-driven insights powered by TrueMotion’s patented platform to create more personalized services and enhance the driving experience for its customers across Canada.

“Since the inception of our telematics program, we’ve seen the value UBI data delivers for customers as well as our business,” said Mathieu Lamy, Executive Vice President & Chief Operating Officer, Intact Financial Corporation. “TrueMotion’s mobile platform delivers unprecedented depth and quality of driving insights, strengthening our ability to accurately measure driver behavior. We also believe this will continue to encourage good driving habits, making roads safer for everyone.”

With the insights provided by TrueMotion, Intact customers can look forward to a more holistic and personalized customer experience, on top of more accurate premium pricing based on good driving behavior.

“The auto insurance industry is undergoing a major shift, with carriers looking to attract new customers and deepen relationships with existing ones,” said Ted Gramer, CEO, TrueMotion. “Intact is visionary in its use of telematics to drive engagement. We look forward to powering their innovative digital programming.”

About Intact Financial Corporation

Intact Financial Corporation (TSX: IFC) is the largest provider of property and casualty (P&C) insurance in Canada and a leading provider of specialty insurance in North America, with approximately $10 billion in total annual premiums. The Company has over 13,000 full- and part-time employees who serve more than five million personal, business, public sector and institutional clients through offices in Canada and the U.S. In Canada, Intact distributes insurance under the Intact Insurance brand through a wide network of brokers, including its wholly-owned subsidiary BrokerLink, and directly to consumers through belairdirect. In the U.S., OneBeacon Insurance Group, a wholly-owned subsidiary, provides specialty insurance products through independent agencies, brokers, wholesalers and managing general agencies.

About TrueMotion

TrueMotion provides the world’s leading smartphone-only driving data platform. Powered by machine learning, the platform can accurately determine when a person is driving, assess behaviors behind the wheel, and detect accidents. Insurers, TNCs, and fleets use TrueMotion data to fuel their pricing, claims, and loyalty programs. Eight of the top 20 US insurers and top insurers in Canada and Europe rely on TrueMotion technology. The company is based in Boston with offices in London, Milan, and Budapest. For more information, please visit www.goTrueMotion.com.

SOURCE: Intact

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