Waterloo, Ont. - Intelligent Mechatronic Systems Inc. (IMS), a of provider of usage-based insurance (UBI) technologies, is launching a year-long iPAID pilot program in North America and the United Kingdom.The pilot will allow the media, advocacy groups and government policy makers to evaluate the effectiveness of UBI programs in improving driver safety, potential insurance savings, and its ability to alleviate traffic congestion and decrease the levels of vehicle-emitted pollutants.
iPAID is a global positioning system (GPS) vehicle tracking system for usage-based insurance. It securely tracks individual trips and accumulative mileage. At a more detailed level, iPAID tracks when, where, how far, how fast and how aggressively a vehicle is being driven.
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