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New division will supply next-generation ‘connected solutions’ to Italy’s insurance and mobility sectors
IMS (Insurance & Mobility Solutions) has announced the launch of IMS Italia, and the appointment of senior telematics executive Mauro Cantoni to be CEO of the company’s new division, which will be located in Rome.
Italy has the highest insurance telematics penetration of anywhere in the world, at around 18%, but Cantoni believes there is a wealth of market opportunity across insurance and mobility which he intends to service with a new generation of innovative, connected solutions. The IMS Italia division will also serve as a platform for the company’s growth ambitions within mainland Europe, where Cantoni will serve as SVP Sales.
Mauro is IMS’ third senior hire from the Italian telematics industry following Nino Tarantino’s appointment as CEO North America in 2019. The company also announced that Marco Amendolagine has also been appointed to lead IMS’ Connected Claims solution for Italy and across all other territories, and IMS executive Alexandro Sances will add the responsibility of VP Operations for Italy to his current role.
Nick Corrie, Founder and CEO of IMS parent company Trak Global Group, said “The global pandemic has been a real accelerant for the adoption of transformational technologies in the markets in which we operate. Areas such as usage-based insurance have been growing incrementally over the last decade, but the prospect of mainstreaming has felt much more achievable in just a matter of months, as people’s attitudes to mobility continue to shift.”
“IMS has created products that enable our customers to stay better connected to their customers, and I am confident there will be a continued hike in demand for our next generation suite of telematics-based propositions.”
Trak Global Group is backed by private equity firm Three Hills Capital Partners, and their founder, Mauro Moretti, commented: “The recent focus for the team has been on building significant growth in North America, but we are now setting our sights firmly on Europe, and Italy in particular, where we believe there are big opportunities ahead as people assess the suitability of their approach to insurance and mobility provision post-pandemic.”
“Italy has been a forerunner for the global growth of motor telematics, and I am delighted that we have brought together some of Italy’s best telematics pioneers in our new, all-Italian IMS team to build a powerful new presence in this region.”
Commenting on his new CEO role, Mauro Cantoni said: “IMS has created long-term international partnerships with its clients, aligning commercial interests and innovating together. I admire this kind of collaborative culture, along with a genuine understanding not only of our customers’ industry, but also their business objectives and the needs of their end-users. Add to this the motor market specialist experience of our new IMS Italia team and our commitment to high-quality delivery, and I believe we are extremely well-placed to deliver on the needs and opportunities presented both domestically, and across Europe.”
“The suite of core technology solutions, low cost-connectivity and professional services offered by IMS are highly-configurable and capable of reliable, scalable delivery to our customers. They are designed to enable them to better engage with their end users to improve driving behaviour, prevent collisions, and look after them if they do have an accident. Our technology has the potential to cut the cost of motor claims by $30bn a year across Europe and North America, and my job is to help our partners in Italy and beyond to take full advantage of this opportunity and deliver genuine ROI.”
Mauro has a Masters degree in Electronic Engineering and over 30 years of industry experience.
He has held senior positions in a number of companies in the automotive and space industries, covering business development as well as technical and operational roles.
Before joining IMS Mauro was VP International for Octo, selling Insurance and Mobility telematics solutions in different markets around the globe since 2007.
Prior to Octo, he worked for several Italian and international companies and agencies, including ESA (the European Space Agency), Telespazio, Viasat and ACI Informatica.
About IMS (Insurance & Mobility Solutions)
IIMS (Insurance & Mobility Solutions), part of Trak Global Group (TGG), is a global provider of connected car solutions, services, and analytics to insurers, mobility operators, OEMs and governments. IMS is the developer of the cloud-based IMS DriveSync® connected car platform which has received industry acclaim for its ability to offer customers a data source-agnostic, multi-device strategy through which a multitude of B2B and B2C propositions can be taken to market. More info at www.ims.tech.
Contact: Ben Welsh at Certus Corporate Communications on 07568 382040
About Three Hills Capital Partners
Three Hills Capital Partners is an innovative investment house providing flexible capital solutions to successful entrepreneurs and management teams in the European mid-market. THCP have invested c.€1.0bn in leading businesses across Europe, collectively valued at c.€3.0bn in enterprise value at the time of initial investment. THCP portfolio companies include amongst others Dedalus, ACT, Trak Global Group, Genius Sports Group, Sigma, Tomorrow, Pelostop and MA Group.
With offices in London, Milan and Luxembourg, THCP operates with a team of over 40 professionals, including parent company Atypical Partner, and manages c. €1.2 billion AuM across three funds and related co-investments.