IMS | Commercial Insurance Telematics

Improve Driver Safety, Be Profitable and Strengthen Relationships with Commercial Lines Clients

Reimagine and grow your organization with our broad spectrum of insurance telematics solutions.

Why Shift to Commercial Insurance Telematics?


Commercial lines insurers are quickly adopting insurance telematics in order to fully realize the benefits telematics offers and restore profitability over more traditional models that have been delivering poor underwriting results. Due to adverse loss frequency and severity trends, including those caused by distracted driving, combined ratios for commercial insurers have risen to over 100%. In order for insurers to stay profitable, steep rates increases have become inevitable, much to the dissatisfaction of their fleet customers.

 

Risky driving habits of fleet drivers increase commercial auto insurance claims frequency

 

White Paper - UBI for Commercial Lines

White Paper - Commercial Insurance Telematics

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Datasheet - Commercial Insurance Telematics

Datasheet - Commercial Insurance Telematics

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IMS Commercial Insurance Telematics


IMS Commercial Insurance Telematics provides the commercial insurers with the industry’s most comprehensive solution satisfying the needs of the insurer, fleet manager and fleet driver alike. Commercial insurers finally have the proper tools to engage, retain and assess fleet risk to ensure a profitable book of business. Fleet drivers get regular real-time feedback and insights to continuously improve driving behavior, performance and safety. Fleet managers have the ability to select or upgrade to the fleet management system that is best suited to their fleet size and vehicle composition, improve driver behavior and realize cost savings at every stop along the way.

Commercial insurance telematics provides insurers with the ability to improve profits by encouraging safe, distraction free driving behaviors. Studies conducted in the United States show a 20% reduction in fleet accidents when telematics monitoring is in place. In Europe, this number climbs to 28%!

Key Features

Optimize the performance, safety and cost of your fleet customers.

 

vehicle-centric mobile telematics for insurers and fleet owners
*Mobile Telematics App for Fleet Drivers

 

IoT-enabled Device Tags

Data Feeds, Analytics and Vehicle Enablers

Assess risk and price commercial fleet premiums accordingly (including Commercial Usage Based Insurance), using flexible in-vehicle enabler options such as smartphone, beacon and OBD devices.

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fleet managment for owners and managers 

Easy Upgrade Path

Base fleet management system upgrade path to the professional version and features to help fleet managers better control costs and associated productivity.

 

Commercial Driver Behavior Telematics

Driver Behavior Assessment

Monitor and review key driver scores and behaviors including acceleration, braking, time of day, day of week, cornering, speed, distracted driving, mileage and garaging location.

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customer success 

Full Access to IMS Business Center

Equip your program teams with administrative data necessary to help better manage users, inform decision-making and provide insights for measuring program and customer success.

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Smartphone Telematics App for Commercial Drivers

Mobile Telematics App for Fleet Drivers

Provide driver coaching, insights and feedback, including improving safety through gamification functionality via competitive fleet leaderboards.

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Key Benefits

vehicle-centric mobile telematics for insurers and fleet owners
*Commercial Insurance Telematics Portal

 

Driver Coaching Fleet Program

Driver Coaching

Improve driver safety and help reduce accidents by encouraging safer driving practices with feedback and coaching to avoid risky behaviors and unsafe vehicle operation, including distracted driving.

Increase operational efficiency 

Cost Reduction and Performance Improvements

Increase operational efficiency and performance by reducing claims and costs through data insight and driver feedback that encourage safer driving practices, minimizes fraudulent claims and ensures a safer operating fleet on the road.

Improving commercial insurance processes

Process Optimization

Improving insurance processes by using actionable data as inputs to improve risk and underwriting practices, including Commercial Usage Based Insurance.

Discover Commercial Usage Based Insurance

Effective Fleet Management Operations 

Fleet Management

Improving fleet management operations by providing deep insights into actual driving behavior, along with fleet operating data that ensures safer, more cost effective fleet operations.

 

 

 

   

IMS Commercial Insurance Telematics Components

IMS Commercial Insurance Telematics, powered by DriveSync, provides everything insurers need to manage and administer a successful commercial insurance telematics, or UBI program, and includes a full fleet management product for fleet owners.

 

End-to-end behavior-based commercial insurance telematics solution

Usage-Based Insurance for Commercial Lines

Explore IMS UBI Intelligence for Commercial Lines

A unique and compelling telematics program.

Explore IMS Commercial Insurance Telematics In More Detail

Learn more about the various commercial insurance telematics services and capabilities available through IMS.


Commercial Usage-based Insurance

As a form of commercial insurance telematics, commercial usage based insurance (UBI) has quickly become a popular topic with commercial insurers and fleet organizations alike. It enables commercial insurers to reward safe driving practices with policy premium discounts – helping to acquire new fleet customers while retaining your current book of business.

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Usage-Based Insurance for Commercial Lines

Distracted Driving Detection

Distracted driving accounts for 50% of all automotive accidents. With IMS’ Distracted Driving capabilities, insurers can detect distracted behaviors, including time, duration and even severity level of smartphone usage while driving.

The information is displayed to the driver, for distracted driving coaching and safety awareness purposes, with the goal of reducing driving behaviors that lead to significant accidents.

 

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Distracted Driving Detection

Distracted Driving Solution

Analytics and Scoring Options

Flexibility is key to a smooth big data and analytics journey. IMS offers full flexibility in analytics and scoring to precisely assess risk for each policyholder and encourage safe driving.

 

The right analytics and scoring for your business:

  • Flexible Analytics Options: Create a scoring and rating model leveraging any of three methods:
  • Unique Rating Systems: Create differentiation through a unique scoring system.
  • Expanded Scores: Leverage a selection of scoring variables for your algorithms.
  • Scoring UX: Displays scoring and events in an easy to understand experience for policyholders.

 

Safety Score

Learn more about IMS Commercial Insurance Telematics

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