Toyota's automaking and finance arms have partnered with Aioi Nissay Dowa Insurance Co. on a jointly owned telematics car insurance services company, Toyota Insurance Management Solutions (TIMS) USA.
The new company, headquartered in southern California, is intended to synthesize Toyota's telematics data access and financial services, along with Aloy Nissan's telematics insurance expertise to offer services designed to provide higher customer satisfaction. Its charge includes analysis of big data and conduct relevant marketing and promotion of the services.
Another goal of the partnership is to increase Toyota's profile in the connectivity and data science fields. TIMS plans to make use of accumulated driving data obtained with appropriate consumer consent, and also plans to engage with the Toyota Research Institute, Inc., which TMC established as a research base for the fields of artificial intelligence and robotics.
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