Connected Car Technology Aims to Simplify Telematics for Insurers
Sept. 5, 2017—Intelligent Mechatronic Systems Inc. (IMS), a leading connected car and insurance telematics solution provider, has introduced the IMS Software Development Kit (SDK) for organizations looking to build connected car and telematics services, including data collection, directly into their existing or new mobile applications.
As noted last month in FenderBender, the insurance industry is embracing telematics at a rapid rate to remain relevant in the age of autonomous vehicles. CCC Information Services is pushing for that OEM-insurance partnership with CCC Drive, which is a telematics platform that allows a vehicle to automatically notify an insurer when a crash occurs—and helps the underwriter determine what happens next.
Smartphone app usage is increasing among every age group with users demonstrating strong engagement and loyalty—a trend noted by Jürgen Mayntz, who noted in an interview with FenderBender that app companies' increasing engagement with OEMs will improve independent shops' access to vehicle data foior repairs. However, as the competition for smartphone app real estate intensifies, the concern of having too many consumer apps has given rise to a growing development trend towards unified and integrated apps—due to the high cost to promote and support multiple apps and the challenge to ensure a consistent, engaging experience across more than one app.
IMS' SDK provides organizations with the ability to simplify and unify app development by integrating telematics and connected car services directly into their existing or new mobile applications. In turn, IMS said organizations realize a faster, more cost-effective path to market, with the ability to collect data, derive insights and offer valuable services across their entire book of business—all while leveraging the best-in-class and industry-acclaimed security architecture of IMS' DriveSync connected car platform.
"Our customers are already leveraging the IMS SDK along with the secure DriveSync platform architecture to unify insurance services into immersive mobile experiences for their end users," said Dr. Otman Basir, CEO and founder of IMS. "These organizations, including some of the world's largest insurance companies, are embedding our DriveSync platform-based solutions and services that are available today, as well as those that will be introduced in the future."
"Our SDK speeds time to market for our customers, removing technical complexity for our customers' development teams, by fully leveraging the collective expertise and know-how of the IMS team," said Christopher Dell, Senior Director, Product Management and Development at IMS. "We have already solved some of the most complex connected car and telematics technology challenges, including accurate trip detection, robust data security and reliable mobile data collection. Customers can focus on delivering the best possible end user experiences and obtain valuable data insights across their entire customer base, while avoiding unnecessary development delays and associated costs by not having to reinvent the wheel."
The IMS SDK includes sample code; full technical documentation; comprehensive developer support; and APIs for easy connectivity into IMS' DriveSync platform-based solutions, services and capabilities.