New Services and Advanced Data Analytics Unveiled at Insurance
Telematics USA 2011 Show
CHICAGO, IL, Sept. 8, 2011 /CNW/ - Intelligent Mechatronic Systems Inc.
(IMS), a world leader in M2M and connected car technology, today
announced a series of value-added services and advanced data analytics
coming to its Usage Based Insurance (UBI) solution. Offerings include
context-aware roadside assistance, panic button, 'green driving'
reports as well as theft recovery.
An innovative new service, context-aware roadside assistance, for
instance, is designed for drivers who need immediate roadside help.
Using intelligent driver and vehicle data, including hard braking, GPS,
airbag deployment and vehicle diagnostics, the appropriate emergency
and/or roadside assistance can be dispatched and more prepared in the
event of an accident or vehicle failure.
IMS is also announcing Advanced Data Analytics designed to give insurers
a more complete picture of driving behavior. Leveraging behavioral data
collected and analyzed through the company's DriveSync platform,
insurance companies are able to get a complete overview of driver
activities to assess risk levels. The analytics service can provide
information as precise as a driver's rolling stops, speeding, time of
day, and miles driven and even different driving behaviors within a
multi-driver household. This enhanced understanding of customer driving
behavior can be used to transform traditional billing methods and
result in better and more accurate insurance coverage packages for
"Insurance companies are looking to continually evolve their business
and deliver differentiated value to their policyholders," said Blair
Currie, Vice President of Marketing at IMS. "IMS' UBI Intelligence
solution has a proven track record to provide the most advanced data
for a full picture of their customers driving behavior and needs, and
is expanding to provide services that are valuable to the driver's as
The company is also announcing a mobile gateway solution for usage-based
insurance that leverages a driver's smartphone to communicate driver
and vehicle data without the need for a separate data plan. Further to
reducing costs for insurance companies policyholders will have access
to driver and vehicle-relevant data and services directly through their
DriveSync is a technology with a proven track record in delivering
Pay-As-You-Drive programs for international insurance companies. Unique
in the marketplace, DriveSync provides an end to end solution for
insurance companies wishing to implement Pay-As-You-Drive programs. IMS
manages all aspects of driving data collected by DriveSync, including
storage, consolidation and reporting using fraud-prevention technology
and data encryption to ensure the confidentiality of customer
information. IMS also provides ongoing support for customers
participating in the DriveSync programs.
A pioneer in connected car technology, Intelligent Mechatronic Systems
Inc. (IMS) is dedicated to developing and commercializing real,
connected car solutions. The company's innovative technology includes
iLane™, an award-winning human machine interface for in-car media,
messaging and location based services as well as DriveSync®, a M2M
platform that powers usage-based insurance, road tolling and fleet
programs globally. IMS' unique approach uses secure over-the-air and
in-car technology that allows drivers to access on-demand content from
the cloud such as real-time traffic, weather and music as well as local
content including emails, text messages and smart telephony apps from
their smartphone. IMS is based in Waterloo, Ontario, Canada. For more
information about IMS, please visit www.Intellimec.com.
SOURCE Intelligent Mechatronic Systems Inc.
For further information:
Natasha Beynon, Hill & Knowlton for IMS
416-413-4611 or Natasha.firstname.lastname@example.org