TMCnet News
IMS Announces the Industry's Most Comprehensive Commercial Insurance Telematics Solution with Full Fleet Management CapabilitiesSolution Combines IMS' Industry Leadership in Insurance Telematics with Geotab's Industry Leadership in Fleet Management Technology CHICAGO, Sept. 6, 2017 /CNW/ - Intelligent Mechatronic Systems Inc. (IMS), a leading connected car and insurance telematics solution provider, has announced an insurance telematics offering that meets the specific fleet insurance needs of commercial lines carriers, combined with full fleet management capabilities. Deployments and trials are underway with leading insurers in North America. Based on the 2017 Conning Commercial Automobile Report, commercial lines insurers have experienced their poorest underwriting results in recent years. Due to adverse loss frequency and severity trends, including those caused by distracted driving, commercial lines combined ratios have risen to over 100%, creating an unprofitable environment for the industry. In order to stay profitable, commercial insurers have been forced to increase premiums to the dissatisfaction of clients. Insurance telematics provides commercial insurers the ability to improve profits by encouraging and enforcing safe, distraction-free driving behaviors. IMS Commercial Insurance Telematics offers a complete and comprehensive solution for commercial lnes carriers that includes:
"The IMS Commercial Insurance Telematics solution enables fleet insurers to restore their business back to profitability," said Dr. Otman Basir, CEO and Founder of IMS. "Through our unique partnership with Geotab, we are able to offer the industry's most comprehensive solution for commercial lines insurers, by also providing options to fully satisfying the needs of fleet managers." "Our new commercial insurance telematics solution offers benefits to insurers, fleet drivers and fleet managers," said Christopher Dell, Senior Director, Product Management and Development at IMS. "Commercial insurers finally have the proper tools to engage, retain and assess fleet risk to ensure a profitable book of business. Fleet drivers get regular real-time feedback to continuously improve driver safety. Fleet managers have the ability to select or upgrade to the fleet management system that is suited to their fleet size and vehicle composition, improve driver behavior and realize cost savings at every stop along the way." The IMS Commercial Insurance Telematics solution is currently being deployed and in trials with commercial lines insurers in North America. To learn more, visit IMS at Booth 32 in Chicago at the Connected Car Insurance USA 2017 tradeshow, or visit www.intellimec.com/commercial. About Intelligent Mechatronic Systems (IMS) SOURCE Intelligent Mechatronic Systems Inc. |