IMS Wins Most Awards in Aite Group’s Auto Insurance Telematics Report

IMS recognized in four major categories in Aite Group's Insurance Telematics Vendor Awards

WATERLOO, ON, Dec. 13, 2016 /PRNewswire/ - Aite Group, a global research and advisory firm, released an industry report entitled Auto Insurance Telematics: A Vendor Overview, identifying over 30 global insurance telematics leaders, evaluated across nine different categories, emphasizing each company's vision, innovation and execution strategy in key insurance industry trends.

Intelligent Mechatronic Systems (IMS), a leading global connected car company and insurance telematics solution provider, has been recognized in four categories in Aite Group's Vendor Awards - the most won by any insurance telematics provider.  Awarded categories include:

• Smartphone-Only Insurance Telematics Leader – signifying IMS' strength in its smartphone-only feature set, as well as its capabilities and deployment of a smartphone-only UBI program.
• Device-Agnostic Insurance Telematics Platform Leader – emphasizing the capability of IMS' DriveSync® connected car platform to collect data from a complete range of devices and sources, and successfully normalize data for in-market insurance telematics programs.
• Telematics Ecosystem Pioneer – highlighting the development of IMS' IoT Marketplace, an ecosystem that successfully pulls together providers of third-party telematics devices, vehicle OEMs, mobile applications and other related data sources to leverage one common data management architecture and infrastructure for services provisioning.
• Insurance Telematics Claims Leader – recognizing IMS' incident detection, incident reporting and accident reconstruction capabilities; leveraging IMS' advanced analytics to influence, inform and automate the claims process - making it valuable to insurers.

"Insurers looking for an insurance telematics solution are often confused by the sheer number of vendors in the space," said Gwenn Bezard, Research Director at Aite Group. "The many awards IMS received speak to the depth and breadth of capabilities that place IMS in an elite group of insurance telematics vendors."

IMS offers insurance telematics services based on its award-winning DriveSync connected car platform. IMS' portfolio of insurance telematics services includes usage-based insurance, driver coaching, behavior assessment, incident detection, event reconstruction, claims and policy management system automation, and scoring and analytics. IMS' suite of insurance telematics and value-added connected car services provide insurers the ability to better control claims costs while improving customer acquisition, engagement and retention.

"Aite Group's awards and recognition of IMS emphasize our commitment to insurance-related connected car services," said Dr. Basir, President and CEO of IMS.  "IMS is focused on providing a diverse set of value-added connected car services, such as driver coaching, roadside assistance and road usage charging; and we are cognizant of the future needs of our customers to ensure the overall quality of their programs."

For more information on IMS' insurance telematics solutions visit: http://www.intellimec.com/insurance-telematics/.

About Aite Group
Aite Group is a global research and advisory firm delivering comprehensive, actionable advice on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, insurance, wealth management, and the capital markets, we guide financial institutions, technology providers, and consulting firms worldwide. We partner with our clients, revealing their blind spots and delivering insights to make their businesses smarter and stronger. For a copy of Auto Insurance Telematics: A Vendor Overview, please contact Aite Group at [email protected].

About Intelligent Mechatronic Systems (IMS)
IMS is a leader in connected car technology that enables drivers to be safer, smarter and greener. The unique approach of converging in-car infotainment, automotive telematics and wireless technology has resulted in an impressive range of solutions. From insurance and government, to fleets and everyday drivers, IMS technology revolutionizes industries. For more information, visit www.intellimec.com.

SOURCE Intelligent Mechatronic Systems Inc.