New Portfolio of IMS Mobile UBI Solutions Gives Insurers Choices for Program Success

WATERLOO, Ontario--(BUSINESS WIRE)--Intelligent Mechatronic Systems (IMS) announced a new portfolio of mobile solutions for usage-based insurance (UBI) customers today that will help many insurance carriers reach unprecedented levels of success with their UBI programs. The new IMS Mobile UBI Solutions – a suite of applications for smartphone users – offer choices designed to provide data, feedback and services tailored to customers’ specific needs.

“With mobile apps being so prevalent in our wireless society, it makes sense to offer applications as part of our UBI offerings.”

The basic mobile portal application provides access for the program’s PC-based portal via a user’s smartphone, enabling real-time driving feedback and other portal content. The stand-alone UBI application captures a base level of data using a smartphone gateway and offers a fast, economical way to enter the UBI market with no start-up hardware costs. The third option – a connected UBI application – provides value-added premium services to customers, which will allow insurers to explore new streams of revenue for their business. All three mobile applications are components in end-to-end UBI solutions offered by IMS.

“Our new IMS UBI Mobile Solutions are innovations designed to make it as easy as possible for all companies to enjoy success in the UBI market,” said David Trueman, VP Engineering at IMS. “Whether the goal is to reduce start-up costs by eliminating hardware fees, cut lengthy program development and deployment times, or simply offer premium services for revenue generation, we have a solution,” continued Trueman. “With mobile apps being so prevalent in our wireless society, it makes sense to offer applications as part of our UBI offerings.”

Recognized in the industry as a growing leader in connected car solutions, IMS offers an extensive array of tiered UBI options for insurance carriers worldwide.

For more information, visit www.intellimec.com/UBI

About IMS

Intelligent Mechatronic Systems Inc. (IMS), based in Waterloo, Ontario, Canada, is a leader in connected car technology that enables drivers to be safer, smarter and greener while giving more purpose to every journey. Our intelligent technologies, including M2M and HMI, are used across insurance, road charging, rental car and fleet enterprise industries. For more information, visit www.intellimec.com.