Mobile Insurance Telematics – Usage-based Insurance Solution
Mobile is one of the many diverse deployment options supported by the DriveSync® connected car platform. As one of the many connected car solution offerings powered by DriveSync, IMS UBI Intelligence offers insurers multiple options for in-vehicle data collection to help them segment and target their book of business with technology options best suited for specific participants.
Mobile Insurance telematics presents a unique opportunity to transform the telematics and usage-based insurance market by leveraging technology the majority of consumers already have, a smartphone, to cost effectively capture driving behavior and enable consumers to engage with that data in a more frequent manner.
Features & Benefits
Smartphones are one of the many data collection options/in-vehicle enablers supported by the IMS UBI Intelligence solution and leverages the DriveSync® platform by using the mobile device to capture driving data and behavior as well as view trips,
scores and policy discounts.
Secondary Driver Option
Gives policyholders the flexibility of viewing the driving data of secondary drivers under their policy, to help influence safer driving behavior. You also benefit from the ability to design differentiated programs based on this feature targeted at new segments, such as multi-driver families, new driver programs and car sharing.
Enables you to create customized scoring while keeping the safety of your policyholders front and center. Available scoring variables include: Acceleration, Braking and Pay as You Drive (Time of Day, Day of Week and Distance).
Auto Trip Start & Stop
Includes automatic trip start and stop detection to ensure the amount of driving data is maximized by not requiring end user intervention.
Intelligent Driver Detect
Gives complete flexibility in determining whether a recorded trip was taken by the passenger or driver, ensuring engagement with the correct policyholder for coaching and feedback. Intelligent Driver Detect leverages patented driver-fingerprint technology to automatically determine who drove – so you can rest assured that you are getting the correct driving data needed for driver rating.
Intelligent Transport Detect
Automatically know whether a recorded trip was taken in an insured vehicle or public transport, eliminating trips that shouldn’t be included for scoring and coaching purposes – with no end-user effort required. Keeps drivers focused on the right driving feedback, while providing you with the confidence of accurate rating and pricing.
Enables policyholders to view their driving score against other drivers and compete to be the safest driver. Users can sort/filter Leaderboard groups based on gender, age range, location and vehicle type.
Generate driving challenges with associated reward badges to incent safe driving behavior. For example, incent safer winter driving with a seasonal challenge that focuses on speed limits and braking to earn a limited-time reward.
Wi-Fi Only Uploads
Includes a user setting to restrict data uploads to use a Wi-Fi connection only, eliminating the need for data plan as a prerequisite.
Wi-Fi only uploads also ease concerns about data usage by providing a mechanism to prevent data uploads via cellular connection.
Offers support for multiple international languages to enable you to launch programs and engage
policyholders in different parts of the world.
Intelligent Push Notifications
Provides a push framework to notify users when trips have not been processed and for changes to discounts and refunds and ensuring timely user engagement. Gone are the days of intensive manual work to communicate with program users.
Offers a new feature that connects to the app to identify the vehicle and associated trips through the vehicle’s existing or aftermarket Bluetooth system. Improve trip start/ trip end accuracy and lower costs by leveraging in-vehicle hardware for user scoring and feedback.
Bluetooth-based OBD Device Support
For insurers having difficulty making UBI costing work, the mobile solution works with a Bluetooth-based OBD device to provide all the richness of data with lower device costs and lower monthly fees. With this option, insurers now have a new, cost-effective data collection option – the UBI business case has never looked so compelling.
You now have the ability to leverage IMS’ unique Business Center to monitor mobile users and ensure mobile activations after enrollment. Manage and maximize customer adoption to get the most out of your UBI program.
Device & OS Compatibility
The solution works on both iOS (iPhone) and Android platforms.
Mobile Solution Usages
IMS Try and Buy – For Customer Acquisition
As a complement to the IMS UBI Mobile solution, IMS has developed Try and Buy. Try and Buy is designed as a marketing and customer acquisition tool, providing prospective policyholders with an opportunity to experience the program without having to first enroll. Insurance companies can set the duration and mileage required as a configurable value, capturing sufficient driving data via smartphones to generate an anticipated discount that is displayed back to the driver.
Users of Try and Buy will also get to experience trip scoring, trip display functionality and gamification that is also available in the full IMS UBI Mobile solution.
IMS UBI Mobile Solution With OBD – For Improved End User Engagement
If you are not ready for mobile data collection, the smartphone based solution can be utilized in conjunction with an OBD-based data acquisition model. Data is collected via OBD device and sent to the DriveSync platform for processing and scoring, and then made available via the smartphone.
Connected Car and Telematics Data Security
IMS delivers a strong IT value proposition that enables IT leaders to confidently deploy connected car services and solutions and create new revenue streams and programs. The foundation of the IMS service platform is based on end-to-end security, integrity of collected data, and information availability.
IMS solutions meet strict IT requirements for our customers including:
- End-to-End security: End-to-end policy and process to ensure secure management of client data.
- Data collection integrity: Checks and balances in place to identify anomalies and avoid data corruption.
- Information availability: High availability, load balancing, and internal redundancy resulting in high levels of system uptime and ensuring that clients of IMS (and the client’s customers) have access to their data when they want it.
Deploy a Connected Car Solution With Confidence: Get Our Connected Car and Telematics Data Security White Paper >
If your company is looking to enter the mobile usage based insurance (UBI) market, but is concerned about extensive start-up costs or a lengthy program development phase, IMS has financing solutions that will help you overcome these obstacles.
IMS provides a mobile-based UBI as a subscription SaaS model.