IMS Announces the Industry’s Most Comprehensive Commercial Insurance Telematics Solution with Full Fleet Management Capabilities

By a News Reporter-Staff News Editor at Insurance Weekly News -- 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.

Keywords for this news article include: Intelligent Mechatronic Systems Inc.

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