IMS Unveils New Value-Added Services and Data Advancements

By Raju Shanbhag
TMCnet Contributor

Intelligent Mechatronic Systems (News - Alert) Inc. (IMS) has unveiled various value-added services and advanced data analytics that will be offered under its Usage Based Insurance (UBI) solution.

To give insurers a more complete picture of driving behavior, IMS is also announcing Advanced Data Analytics. Insurance companies are able to get a complete overview of driver activities to assess risk levels by leveraging behavioral data collected and analyzed through the company's DriveSync platform. Within a multi-driver household, 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.

“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 well.”

Achieving better and more accurate insurance coverage packages for customers, the enhanced understanding of customer driving behavior can be used to transform traditional billing methods. An innovative new service, context-aware roadside assistance, for instance, is designed for drivers who need immediate roadside help. The appropriate emergency and/or roadside assistance can be dispatched and more prepared in the event of an accident or vehicle failure, using intelligent driver and vehicle data, including hard braking, GPS, airbag deployment and vehicle diagnostics, the company has stated in a press release.

Recently, the company announced plans to integrate Intellione's wireless road traffic conditions technology into its DriveSync and iLane products as well as new IMS solutions set to launch in the near future. The company noted in a press release that IMS recently acquired Atlanta-based Intellione, which will become known as Urban Informatics (News - Alert) Corporation (UIC) following the completion of the acquisition. 

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