Insurance telematics and usage-based insurance (UBI) programs continue to roll out across the globe. With a rapidly changing competitive landscape it’s increasingly difficult to select the correct business models to ensure success. In fact, many programs are starting to look alike – with a focus on price discounts resulting in an inevitable race to the bottom. With the entire industry moving in this direction, only a subset of companies will succeed. Your organization has an opportunity to stand out from the crowd. The key to success is a differentiated and targeted program. IMS UBI Intelligence enables auto insurers to create uniquely targeted programs based on your needs and objectives. Our solution is based on an agile, end-to-end platform that enables speed to market without sacrificing flexibility to create programs targeted at your policyholders.
IMS UBI Intelligence delivers on the promise of being the premier, most complete UBI solution, offering a one-stop shop for an insurer’s UBI needs – no additional suppliers or multiple partners to work with.
IMS UBI Intelligence offers insurers a single source provider for all their UBI program needs, including hardware, logistics, support, secure data warehousing, data analytics, driver portals and more. No need to deal with multiple suppliers and partners.
IMS UBI Intelligence provides the best of both worlds: 1) a turnkey approach to improve time-to-market while also 2) being customizable to branding and program requirements.
IMS UBI Intelligence is powered by DriveSync® – IMS’ connected car platform – providing insurers the ability to roll out future revenue-generating services to current customers. Examples of value-added services include: infotainment, roadside assistance, vehicle health and more.
IMS UBI Intelligence provides solution options so insurers can create targeted, differentiated programs for specific audiences and geographies.
Access to a team of subject matter experts with the experience and best practices developed by working with numerous insurers around the globe.
IMS' award–winning technology services platform is future-proofed for years to come and offers an unmatched solution that will help ensure the success of your UBI program in today’s competitive marketplace.
Insurers can now boost profitability by tailoring their program strategy to each customer and product in their portfolio. IMS UBI Intelligence provides a wide range of solution options for all types of program and segmentation needs:
Offer your auto policyholders the benefit of insurance discounts along with value-added services, all while encouraging better driver behavior which results in fewer claims.
Commercial Lines UBI
Differentiate and enrich your commercial auto insurance offering to take advantage of UBI data while providing a fleet management product that addresses real fleet business needs, including cost savings. With an easy-to-use solution that provides fleet savings and improved driving behavior, both you and your commercial clients win.
Track mileage, time of day, driver behavior, program length and more.
Time-based Insurance (TBI) Programs
Track actual vehicle usage and vehicle inactivity.
Single and Multiple Segmenting
Target segmented groups such as young drivers, mature drivers and more.
As the only true data source agnostic solution on the market, we work closely with you in choosing the right technologies to adopt to ensure you achieve your growth goals and potential. We make the whole process of a successful launch as simple and easy as possible.
Use of mobile as sensor, either through white label app or SDK in 3rd party app
Dashboard / windshield mounted battery-powered device
Dongle plug-in for OBD port
Direct feed / line fit from on-board computer
A unique and compelling telematics program.Explore IMS UBI Intelligence for Commercial Lines
IMS UBI Intelligence offers an unmatched solution that will help ensure the success of your program in today’s competitive marketplace.
Create customized scoring for both vehicle and driver with a suite of scoring variables while keeping the safety of your policyholders front and center.
Unleash the power of a comprehensive suite of interfaces that allows you to create differentiated solutions based on your strategy and target market. Build highly differentiated, bespoke solutions or leverage our reference applications to get to market quickly.
Give policyholders the flexibility of viewing driving data of secondary drivers to promote safer behavior. You also benefit from the ability to design differentiated programs targeted at new segments, such as multi-driver families, new driver coaching programs and car sharing.
Flexibility is key to a smooth big data and analytics journey. We offer full flexibility in scoring and rating to precisely assess risk for each policyholder and encourage safe driving.
Create a scoring and rating model leveraging any of three methods:
Unique Rating Systems:
Create differentiation through a unique scoring system.
Leverage a selection of scoring variables for your algorithms.
Display scoring and events in an easy to understand experience for policyholders.
The tools you need to manage and administer a successful UBI program.
Programme administration and reporting
Actuarial Grading Score
Scalable customer support options available to support program growth
Dedicated assistance with training, adoption and retention plans
Operational assistance, including forward/reverse logistics, provisioning and enrolment
Seamless integration with external applications and corporate systems
Scalable IT architecture with data warehousing and security
High quality intelligence and visualisations for insurers and end users
One deployment, using the IMS DriveSync® platform, can support both sides of your insurance business – personal lines and commercial lines users.
Flexible technology options to support programs
Post-trip driver behavior, scoring and coaching tips
Communication for driver relationship management
Contact us to request for more information