IMS Team Up With ADAC on Telematics Based Insurance

IMS (Insurance & Mobility Solutions) is providing the telematics technology solution behind the ‘Fahr + Spar’ usage-based insurance programme launched on 1 July 2020 by ADAC Autoversicherung AG. ADAC Autoversicherung is the car insurance brand of Germany’s leading motoring organisation ADAC, equivalent to The AA or The RAC in the UK.

The programme, ADAC Fahr + Spar, is a telematics-enabled insurance product where policyholders are rewarded with a 10% discount on their premium after app activation and transferring the initial 100 recorded kilometres; and the ability to earn up to 30% of their premium in cashback, depending on their driving behaviour.

ADAC Fahr + Spar is powered by a combination of a smartphone app running in parallel with a smart beacon (DriveDot), both designed and delivered by IMS to provide high-quality, real time data that provide an indication of the driving style across braking, acceleration and speed.

Bob Skerrett, CEO of the Insurance Solutions division of IMS said: “The low-cost connectivity afforded by telematics via smartphone apps is driving the continued growth of usage-based motor insurance, and the addition of the DriveDot beacon ensures that the data harvested is more accurate and reliable than a mobile-only approach”.

As well as providing the app and the beacon, IMS will operate the scoring and administration platform and provide aggregated scores back to the insurer, but Skerrett stressed that journey details like timestamps or locations will remain solely private to the registered driver, and not be visible to the insurer.

The ADAC Allgemeiner Deutscher Autombil-Club e.V., (General German Automobile Club), has more than 21.2 million members and is the largest automobile club in Europe, and the second largest worldwide. It is one of Germany’s best-known brands, thanks to its omnipresent yellow roadside assistance vehicles, which are known as ‘yellow angels’ in Germany.

Skerrett said: “ADAC is a prestigious organisation with a high reputation and strong customer values, so we are thrilled to be associated with them through this project. We have an exciting roadmap of additional capabilities coming to our smartphone telematics platform, including

class-leading experience in the identification of collisions and subsequently use of this data to deliver better claims outcomes for the insurer and policyholder alike. In the wake of Covid-19, we are seeing a pronounced spike in demand for this kind of solution, and more broadly we expect usage-based UBI insurance to really resonate with policyholders wanting more flexibility and control over their motor insurance.”

About IMS (Insurance & Mobility Solutions)

IMS (Insurance & Mobility Solutions), part of Trak Global Group (TGG), is a global provider of connected car solutions, services, and analytics to insurers, mobility operators, OEMs and governments. IMS is the developer of the cloud-based IMS DriveSync® connected car platform which has received industry acclaim for its ability to offer customers a data source-agnostic, multi-device strategy through which a multitude of B2B and B2C propositions can be taken to market. More info at

About alastair walker 11377 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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