IMS brings usage-based insurance platform into the US and Canada

IMS, a subsidiary of Trak Global Group (TGG), has made a usage-based insurance (UBI) platform for auto insurance available in both the US and Canada. That same UBI platform had been utilized as the basis for Carrot Insurance, a critically-acclaimed, telematics-powered insurance program in the UK. Carrot’s system saw a limited rollout in Canada through the Calgary-based insurance broker InsureMy in 2018. The modular UBI platform is compatible with telematics data across all device types – from plug-in hardware to mobile apps and embedded telemetry within vehicles, a release said. Apart from serving as the foundation of Carrot, IMS’s platform has been adopted by major insurers such as RSA, Zurich, and Aviva. Auto manufacturers such as Volkswagen and Fiat have also utilized the platform.