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Sprint Teams with IMS to Offer Premium Turnkey Insurance Telematics Solution
IMS UBI Intelligence powered by DriveSync® an industry-leading solution
with end-to-end benefits.
OVERLAND PARK, KS and WATERLOO, ON, March 5, 2014 /CNW/ - Sprint (NYSE:
S) today announced that IMS UBI Intelligence is now available through
its Integrated Insurance Solution portfolio for auto insurance
customers, provided by Intelligent Mechatronic Systems (IMS), a leading
connected car company.
"Our auto insurance carriers have been requesting a single source for
all their UBI (usage-based insurance) needs," said Mohamed Nasser,
director - M2M Product and Marketing, Sprint. "We have selected IMS
because they provide the most complete, turnkey solution available on
the market today, including hardware, logistics, support, secure data
warehousing and analytics."
The interest in UBI continues to peak as insurance companies customize
their in-vehicle offerings for broad consumer groups, such as everyday
commuters, new drivers and commercial fleets. IMS UBI Intelligence
offers insurers an accurate way to develop a drivers score (policy
premium) based on their actual driving behavior, coupled with the
ability to discover new, related revenue streams. These advantages are
then passed along to consumers who may receive lowered auto insurance
costs by choosing to plug a telematics device into their vehicle's port
to measure driving data (distance travelled, vehicle braking and
acceleration patterns). Due to the emerging benefits to drivers, Frost
& Sullivan forecasts annual growth of the UBI market to be 36% per
year, with the U.S. market reaching one million annual activations by
2017.
IMS UBI Intelligence is the premier turnkey solution removing the need
for insurers to work with multiple suppliers or partners before
implementation. "Technology is moving fast and IMS is pleased to
collaborate with Sprint to provide our DriveSync connected car platform
available today to insurers," said Ben Dailey, U.S. Director - Sales
and Business Development, IMS. "With IMS UBI Intelligence, insurers now
have a fully customizable tool at their fingertips that they can deploy
to a variety of customer segments."
To take full advantage of the DriveSync platform, Sprint also plans to
bring additional programs to their customers, such as solutions for
coaching young drivers, infotainment services, vehicle diagnostics and
fleet management solutions.
To learn about IMS UBI Intelligence, now offered by Sprint, visit http://www.intellimec.com/ubi
About Sprint
Sprint (NYSE: S) offers a comprehensive range of wireless and wireline
communications services bringing the freedom of mobility to consumers,
businesses and government users. Sprint served more than 55 million
customers at the end of 2013 and is widely recognized for developing,
engineering and deploying innovative technologies, including the first
wireless 4G service from a national carrier in the United States;
leading prepaid brands including Virgin Mobile USA, Boost Mobile, and
Assurance Wireless; instant national and international push-to-talk
capabilities; and a global Tier 1 Internet backbone. The American
Customer Satisfaction Index rated Sprint as the most improved company
in customer satisfaction, across all 47 industries, during the last
five years. Sprint has been named to the Dow Jones Sustainability Index
(DSJI) North America in 2011, 2012 and 2013. You can learn more and
visit Sprint at http://www.sprint.com or http://www.facebook.com/sprint and http://www.twitter.com/sprint.
About Intelligent Mechatronic Systems
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 http://www.intellimec.com.
SOURCE Intelligent Mechatronic Systems Inc.
Intelligent Mechatronic Systems Inc.
CONTACT: Media Contacts:
Stephanie Greenwood, Sprint
Media Relations
913-315-1612
stephanie.greenwood@sprint.com Stephanie Frisina, Intelligent Mechatronic Systems
Media Relations
519-745-8887 x4333
sfrisina@intellimec.com
Sprint Teams with IMS to Offer Premium Turnkey Insurance Telematics Solution
IMS UBI Intelligence powered by DriveSync® an industry-leading solution
with end-to-end benefits.
OVERLAND PARK, KS and WATERLOO, ON, March 5, 2014 /CNW/ - Sprint (NYSE:
S) today announced that IMS UBI Intelligence is now available through
its Integrated Insurance Solution portfolio for auto insurance
customers, provided by Intelligent Mechatronic Systems (IMS), a leading
connected car company.
"Our auto insurance carriers have been requesting a single source for
all their UBI (usage-based insurance) needs," said Mohamed Nasser,
director - M2M Product and Marketing, Sprint. "We have selected IMS
because they provide the most complete, turnkey solution available on
the market today, including hardware, logistics, support, secure data
warehousing and analytics."
The interest in UBI continues to peak as insurance companies customize
their in-vehicle offerings for broad consumer groups, such as everyday
commuters, new drivers and commercial fleets. IMS UBI Intelligence
offers insurers an accurate way to develop a drivers score (policy
premium) based on their actual driving behavior, coupled with the
ability to discover new, related revenue streams. These advantages are
then passed along to consumers who may receive lowered auto insurance
costs by choosing to plug a telematics device into their vehicle's port
to measure driving data (distance travelled, vehicle braking and
acceleration patterns). Due to the emerging benefits to drivers, Frost
& Sullivan forecasts annual growth of the UBI market to be 36% per
year, with the U.S. market reaching one million annual activations by
2017.
IMS UBI Intelligence is the premier turnkey solution removing the need
for insurers to work with multiple suppliers or partners before
implementation. "Technology is moving fast and IMS is pleased to
collaborate with Sprint to provide our DriveSync connected car platform
available today to insurers," said Ben Dailey, U.S. Director - Sales
and Business Development, IMS. "With IMS UBI Intelligence, insurers now
have a fully customizable tool at their fingertips that they can deploy
to a variety of customer segments."
To take full advantage of the DriveSync platform, Sprint also plans to
bring additional programs to their customers, such as solutions for
coaching young drivers, infotainment services, vehicle diagnostics and
fleet management solutions.
To learn about IMS UBI Intelligence, now offered by Sprint, visit http://www.intellimec.com/ubi
About Sprint
Sprint (NYSE: S) offers a comprehensive range of wireless and wireline
communications services bringing the freedom of mobility to consumers,
businesses and government users. Sprint served more than 55 million
customers at the end of 2013 and is widely recognized for developing,
engineering and deploying innovative technologies, including the first
wireless 4G service from a national carrier in the United States;
leading prepaid brands including Virgin Mobile USA, Boost Mobile, and
Assurance Wireless; instant national and international push-to-talk
capabilities; and a global Tier 1 Internet backbone. The American
Customer Satisfaction Index rated Sprint as the most improved company
in customer satisfaction, across all 47 industries, during the last
five years. Sprint has been named to the Dow Jones Sustainability Index
(DSJI) North America in 2011, 2012 and 2013. You can learn more and
visit Sprint at http://www.sprint.com or http://www.facebook.com/sprint and http://www.twitter.com/sprint.
About Intelligent Mechatronic Systems
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 http://www.intellimec.com.
SOURCE Intelligent Mechatronic Systems Inc.
Intelligent Mechatronic Systems Inc.
CONTACT: Media Contacts:
Stephanie Greenwood, Sprint
Media Relations
913-315-1612
stephanie.greenwood@sprint.com Stephanie Frisina, Intelligent Mechatronic Systems
Media Relations
519-745-8887 x4333
sfrisina@intellimec.com