IMS Demonstrates Insurance Telematics First: 42% Crash Reduction and 7% Combined Ratio Improvement Using Carrot Insurance

IMS, the insurance telematics technology arm of Trak Global Group (TGG) is now positioned to offer North American and European insurers unprecedented access to the learnings from driver data via TGG’s award-winning Carrot Insurance brand.

Carrot’s direct interaction with its installed customer base has driven innovative product development, including the latest telematics smartphone based “Better Driver” app, which recently won the prestigious 2019 UK Insurance Times Technology and Innovation Award for Best Customer Mobile app.

“Carrot’s award-winning technology has modified driver behavior in a positive way, and we are eager to make our learnings accessible to insurers,” said Nino Tarantino, CEO- Americas, IMS.

Accessing this critical data will enable insurers to:

  • Improve policyholder engagement
  • Offer a reward platform that builds loyalty
  • Motivate safer driving behavior
  • Realize the positive impact on combined ratios

“We have developed and tested our insurance telematics propositions with our own Carrot customers so our insurer partners don’t have to,” Tarantino continued.  “No other telematics service provider has this kind of direct-to-policyholder experience and insight, but we do through Carrot, and we want to share what we have learned with the insurance companies we work with.”

Carrot, which launched in 2012, has since overseen a 42% reduction in the number of accidents among its customer base, thanks to its pioneering technology and an active risk management program, including rewards for good driving, which has turned the insurance experience on its head for policyholders.

Carrot’s policy has also built customer loyalty. The company has returned $5M to customers during the past seven years and the rewards program, in turn, offers a built-in incentive for consumers to check their status and driving feedback.  In doing so, frequently, consumers drive better and safer.

“Carrot’s telematics program has made a previously unprofitable market segment for us profitable again,” said Ed Rochfort, Managing Director of Carrot Insurance. “By analyzing telematics data we’ve been able to dramatically improve our risk pricing while reducing the cost of claims. A huge win by all accounts.”

“We’re making big improvements in reducing the cost of motor claims for our insurer clients, saving them time and money by providing indisputable proof of what actually happened in an incident. We believe Carrot’s claims data analytics has reduced CORs for our insurer partners by 7.7%,” Tarantino said. “In turn, our insurance customers are using these same insights from Carrot to create their own digital insurance strategies.”

For further detail on the Carrot difference, insurers can download IMS’ Carrot case study to access learnings and insights from this award-winning offering: https://ims.tech/resources/carrot-insurance-rewards-program-case-study/

 


  

About Trak Global Group (TGG)

Trak Global Group (TGG) is the UK-based holding company and owner of IMS (Insurance & Mobility Solutions), a global provider of connected car solutions, services, and analytics for insurers, mobility operators and governments, and Carrot Insurance (Carrot), a B2C telematics insurance broker in the UK and digital insurance platform available to insurers internationally. More info at www.trakglobalgroup.com

 

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 to be taken to market. More info at www.ims.tech.

 

About Carrot Insurance (Carrot)

Carrot Insurance (Carrot) is a wholly-owned subsidiary of Trak Global Group (TGG). In the UK, Carrot is an award-winning B2C telematics insurance provider, but the underpinning platform has now been made available internationally to enable any organization seeking to take a UBI proposition to market to do so quickly and with a high degree of configurability. By using feedback, messaging and rewards to incentivize better driving behaviors, the Carrot approach is proven to help reduce claims frequency – this in turn reduces insurance premiums for policyholders, increases customer satisfaction, and drives carrier profitability. More info at www.carrotinsurance.com and www.ims.tech.

 

Media Contact:

 

For UK & European media enquiries, please contact:
Ben Welsh
Certus Communications
benwelsh@certuscc.com
(+44) 07568 382040

 

For North American media enquiries, please contact:
Jennifer Overhulse
St. Nick Media Services
jen@stnickmedia.com
(+1) 859-803-6597

Carrot Insurance wins ‘Best Customer App’ at Insurance Times Tech & Innovation Awards

Carrot Insurance, part of Trak Global Group, has won the ‘Best Customer App’ at the Insurance Times Tech & Innovation Awards in recognition of its Better Driver app. The judges highlighted Carrot’s focus on ensuring an outstanding customer experience whilst delivering significant loss ratio benefits for its insurer partners. The Better Driver app, built by Trak Global Group and launched in the UK in 2015, enables less-experienced drivers to access cheaper premiums by measuring driving data and influencing safer driving through regular rewards and tailored engagement.

Ed Rochfort, Managing Director of Carrot Insurance, says:

“We’re delighted the Better Driver app has been recognised at these prestigious awards and are committed to continue delivering the best customer experiences and the best results for our insurer partners. Thanks to our policyholders, partners and team we have been able to build one of the leading UBI apps in the world and have a real effect on road safety by reducing accidents and making roads safer, which is the driver behind everything we do.”

Carrot Insurance, which in 2015 won the Prince Michael International Road Safety Award after demonstrating its customers had 42% fewer accidents than young drivers with traditional car insurance policies, has also previously won awards in motor broking best practice, claims and customer centricity.

Leon Hurst appointed CEO, Mobility at Trak Global Group

Leon Hurst has joined Trak Global Group (TGG) to spearhead the Group’s international growth plans in the automotive and mobility sectors. He begins his new role as CEO, Mobility with immediate effect and will report to Group CEO Nick Corrie.

Leon, formerly a Commercial Officer at an automotive SaaS business JATO Dynamics, Head of Product Management for Nokia and Head of Product Marketing (Digital & Connected Car) for Jaguar Land Rover, is the company’s second senior hire since private equity house Three Hills Capital Partners (THCP) took a minority stake in TGG earlier this month. According to Nick Corrie, his arrival is a statement of intent from the Group to build a dominant position in connected car data solutions in the UK, Europe and North America.

Nick said: “Leon is a fantastic addition to our team. He is a rare breed in having international experience at a senior level in both telecoms and automotive – a powerful combination as the level of in-vehicle connectivity continues to grow at a rapid rate and these industries show signs of convergence.”

“Leon’s task will be to both deepen existing partnerships among our mobility and auto OEM customers and develop new ones. There’s an ecosystem of genuine opportunity forming around embedded telemetry and value-adding connected car services, and we believe we are ideally placed to play a pivotal role in helping our customers across insurance and mobility to leverage the value from this.”

Leon said: “Vehicle manufacturers have long acknowledged that there’s inherent value in connected car data for mobility operators and insurers, but there remains the challenge of how to effectively engage and convert the data into value adding services in adjacent markets. Given that the OEMs face more pressing challenges – like completing the journey to electrification, autonomy and the evolution of retail – it’s businesses like Trak Global Group that can bridge the gap and enable all parties to apply connected car data in a practical, commercial but innovative way.”

He added: “Growth will define my task at TGG. On the back of our investment from Three Hills, we want to increase the scale of our connected service asset base exponentially during the next two/three years, with sustainable medium-term growth. I’m joining an incredibly strong leadership team, with genuine customer focus and a clear strategy, so I’ll be converting that strategy into action – across product, service and client acquisition.”

Hurst’s appointment follows less than a week after the hiring of Nino Tarantino, former CEO of Octo North America, as CEO of IMS (Americas), to spearhead the group’s international growth plans within the connected and usage-based insurance markets.

 


 

About Leon Hurst

Prior to joining Trak Global Group, Leon was Chief Commercial Officer for JATO Dynamics Ltd, a UK-based automotive business intelligence solutions business. He graduated from Trinity College Dublin and began his career as a software engineer before joining telecoms giant Nokia in a Product Management role in 1999. In 2006 he joined Motorola as Global Programme Manager, Smartphones, before re-joining Nokia between 2008-2011. Leon then spent six years at Jaguar Land Rover, concluding with a role as Head of Product Marketing for Range Rover Velar, Jaguar F-PACE and F-TYPE.

 

About Trak Global Group (TGG)

Trak Global Group (TGG) is the UK-based holding company and owner of IMS (Insurance & Mobility Solutions), a global provider of connected car solutions, services, and analytics for insurers, mobility operators and governments, and Carrot Insurance (Carrot), a B2C telematics insurance broker in the UK and digital insurance platform available to insurers internationally. More info at www.trakglobalgroup.com

 

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 to be taken to market. More info at www.ims.tech.

 

About Carrot Insurance (Carrot)

Carrot Insurance (Carrot) is a wholly-owned subsidiary of Trak Global Group (TGG). In the UK, Carrot is an award-winning B2C telematics insurance provider, but the underpinning platform has now been made available internationally to enable any organization seeking to take a UBI proposition to market to do so quickly and with a high degree of configurability. By using feedback, messaging and rewards to incentivize better driving behaviors, the Carrot approach is proven to help reduce claims frequency – this in turn reduces insurance premiums for policyholders, increases customer satisfaction, and drives carrier profitability. More info at www.carrotinsurance.com and www.ims.tech.

 

Media Contact:

 

For UK & European media enquiries, please contact:
Ben Welsh
Certus Communications
benwelsh@certuscc.com
(+44) 07568 382040

 

For North American media enquiries, please contact:
Jennifer Overhulse
St. Nick Media Services
jen@stnickmedia.com
(+1) 859-803-6597

Nino Tarantino Joins Trak Global Group as CEO of IMS – Americas

Trak Global Group [‘TGG’], one of the world’s leading telematics technology companies with operations in the UK, Europe, and North America, has appointed Nino Tarantino CEO of IMS (Americas). The hire is a key next step in TGG’s rapid-growth strategy in North America. It follows the company’s December 2018 acquisition of IMS, a top-three telematics business in North America and, in September this year, investment into the Group of over 50m USD from Three Hills Capital Partners.

IMS, the insurance solutions arm of TGG, provides complete end-to-end solutions that enable insurers and their customers to benefit from usage-based insurance (UBI) and extract value from telematics data right across the value-chain – from customer acquisition and risk management through rewards, customer engagement and claims.

Reporting to Bob Skerrett, CEO for IMS’s insurance solutions division on a global basis, Tarantino will drive the company’s growth in the North American market. He brings more than two decades of experience in the global telecommunications industry, chiefly growing companies and developing strategic business operations, and comes to TGG with a recent track record in insurance telematics.

Most recently, Tarantino was the CEO of Octo Telematics North America. He has won numerous awards, including 2018 Influencer of the Year at TU Automotive Detroit. Prior to Octo, Tarantino held leadership roles in the global telco and space industries with Telecom Italia, Iridium, the first satellite phone company, and others.

“We are in extremely good hands with Nino accelerating our growth plans for North America,” said Nick Corrie, Group CEO and founder of TGG. “Nino’s appointment is a critical move in our plan to exponentially increase our global scale and, specifically, grow our North American presence. He brings unprecedented experience innovating and building connected, data-driven technology solutions for the insurance industry, and we know he is the right leader to deliver further success for our company and its customers.”

 “I have been privileged to build a record of success in the insurtech space as it dynamically changes the landscape for insurance carriers and their policyholders,” said Nino Tarantino. “The opportunity to join TGG at such an exciting point in its growth story was one I was delighted to accept. The company has delivered outstanding results and built incredibly strong partnerships with its customer base. I look forward to putting my experience into practice as we embrace the next chapter.”

 


 

About Nino Tarantino

Nino Tarantino joins IMS as CEO (Americas) after serving as CEO of North America for Octo Telematics from 2011- 2018. An insurance telematics industry leader, having grown the company from inception to more than $70M, Nino was named Influencer of the year at the 2018 Telematics Detroit Awards.

Born in New York and raised in Naples, Italy, Nino earned his Master’s in Telecommunications Engineering in Rome and began his career with Telecom Italia. He later held management positions with Iridium, Anoto/Ericsson and Acotel. Today, Nino lives in Boston with his family of five, yet remains a devoted Napoli soccer fan. To learn more about his career and accomplishments: linkedin.com/in/ninotarantino

 

About Trak Global Group (TGG)

Trak Global Group (TGG) is the UK-based holding company and owner of IMS (Insurance & Mobility Solutions), a global provider of connected car solutions, services, and analytics for insurers, mobility operators and governments, and Carrot Insurance (Carrot), a B2C telematics insurance broker in the UK and digital insurance platform available to insurers internationally. More info at www.trakglobalgroup.com

 

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 to be taken to market. More info at www.ims.tech.

 

About Carrot Insurance (Carrot)

Carrot Insurance (Carrot) is a wholly-owned subsidiary of Trak Global Group (TGG). In the UK, Carrot is an award-winning B2C telematics insurance provider, but the underpinning platform has now been made available internationally to enable any organization seeking to take a UBI proposition to market to do so quickly and with a high degree of configurability. By using feedback, messaging and rewards to incentivize better driving behaviors, the Carrot approach is proven to help reduce claims frequency – this in turn reduces insurance premiums for policyholders, increases customer satisfaction, and drives carrier profitability. More info at www.carrotinsurance.com and www.ims.tech.

 

Media Contact:

 

For UK & European media enquiries, please contact:
Ben Welsh
Certus Communications
benwelsh@certuscc.com
(+44) 07568 382040

 

For North American media enquiries, please contact:
Jennifer Overhulse
St. Nick Media Services
jen@stnickmedia.com
(+1) 859-803-6597

IMS owner Trak Global Group completes significant minority investment from Three Hills Capital Partners

  • New growth capital investment of over $50m USD will accelerate the development of new products and services via IMS’ DriveSync 6 platform, benefitting the Group’s clients across insurance, mobility, automotive OEMs and governments.
  • Company confirms that its focus will be on supporting rapid growth in the North American territory; also considering further acquisition activity.
  • IMS now the lead brand for the Group’s international business activities within the insurance market. The company provides complete end-to end services that insurers need in order to leverage the benefits of usage-based insurance (UBI) and extract value from telematics data across the entire value-chain, from customer acquisition and risk management through rewards, engagement and claims remediation.

London, UK: Trak Global Group [‘TGG’], one of the world’s leading telematics technology companies with operations in the UK, Europe and North America, has announced today that Three Hills Capital Partners [‘THCP’] is to acquire a significant minority stake in the business. The deal comes less than a year after TGG acquired IMS, one of North America’s three leading telematics solution providers.

The combined Group business has long-standing partnerships with global insurers, mobility operators and motor manufacturers, gathering and interpreting data from connected devices to help organizations manage driver and vehicle risk. Its customers include RSA, Volkswagen Financial Services, Nationwide Insurance (USA), Allianz, Europcar and Zipcar. The Group also owns and operates multi award-winning telematics insurance broker Carrot Insurance and TGG employs over 250 people across four international offices.

TGG Group CEO Nick Corrie said the partnership creates a capital structure that will “enable us to more rapidly execute our ambitious growth plans, both organic and by acquisition, to become the global leader providing connected, data-driven technology solutions for the insurance and shared mobility markets.”

Corrie stated that the investment from THCP will accelerate the deployment of the next generation of IMS’s cloud-based, device-agnostic single telematics platform, DriveSync 6, and enable the deployment of new solutions and services for customers. “We will also be continuing to invest in innovation, such as our pioneering work in Road Usage Charging in the US and developing IP around connected car services that our customers in UBI and mobility will jointly benefit from, particularly as we continue to see the convergence of these two markets.”

He added: “This is a real milestone for TGG, as we celebrate a decade in business. In THCP we’ve found an investment partner that believes in our vision, is very well-aligned culturally and possesses the expertise to help steer the business through what will be an exciting phase of growth. THCP’s solution was unique in the market and matches our ambitions for the future. Worldwide, TGG already connects half a million vehicles and we are aiming to increase this figure exponentially over the coming years.”

Joe Jefferies, UK coverage at THCP, who will join TGG’s Board, said: “Trak Global is our first investment in the IoT and telematics space, and during our detailed diligence into the sector it quickly became clear that TGG was the stand-out performer. The combination of management team strength and vision, as well as the company’s relentless focus on forming true partnerships with their customers, made for a compelling investment case. We are delighted to be Trak Global’s partners in what we expect to be a period of exceptional and transformative growth. It is another example of Three Hills’ commitment to backing ambitious founders and management teams who are looking for an alternative solution to traditional private equity structures.”

 


 

About Trak Global Group (TGG)

Trak Global Group (TGG) is the UK-based holding company and owner of IMS (Insurance & Mobility Solutions), a global provider of connected car solutions, services, and analytics for insurers, mobility operators and governments, and Carrot Insurance (Carrot), a B2C telematics insurance broker in the UK and digital insurance platform available to insurers internationally. More info at www.trakglobalgroup.com

 

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 to be taken to market. More info at www.ims.tech.

 

About Carrot Insurance (Carrot)

Carrot Insurance (Carrot) is a wholly-owned subsidiary of Trak Global Group (TGG). In the UK, Carrot is an award-winning B2C telematics insurance provider, but the underpinning platform has now been made available internationally to enable any organization seeking to take a UBI proposition to market to do so quickly and with a high degree of configurability. By using feedback, messaging and rewards to incentivize better driving behaviors, the Carrot approach is proven to help reduce claims frequency – this in turn reduces insurance premiums for policyholders, increases customer satisfaction, and drives carrier profitability. More info at www.carrotinsurance.com and www.ims.tech.

 

About THCP

THCP is an innovative investment house delivering enhanced risk-adjusted returns to investors, by investing through preferred capital instruments.

THCP currently manages approximately €1.2 billion AUM. Since inception, THCP have invested approximately €750 million in successful mid-market companies across Europe, collectively valued at €3 billion of enterprise value at the time of initial investment.

THCP provides partnership capital and investment support to mid-market companies who want to invest in growth but avoid dilution of ownership and control. This appealing alternative to control-orientated private equity serves a gap in the financing market for the growing number of companies run by outstanding entrepreneurs looking to enter the next phase of growth with their businesses.

THCP portfolio companies include amongst others ACT, Byron, Building Energy, Hunter, Magnaghi Aeronautica, Recycling Lives, Sigma GRP, Tomorrow London and WPI Group.

Visit: www.thcp.eu

 

Media Contact:

 

For UK & European media enquiries, please contact:
Ben Welsh
Certus Communications
benwelsh@certuscc.com
(+44) 07568 382040

 

For North American media enquiries, please contact:
Jennifer Overhulse
St. Nick Media Services
jen@stnickmedia.com
(+1) 859-803-6597

 

Trak Global Group helps raise a record £10,000 for charity at the 13th annual Anoush Cup

On Friday 26th July friends, family and golfers gathered at Branston Golf and Country Club for the 13th annual Anoush Cup which raised £10,000 for Teenage Cancer Trust and UK Youth.

The Anoush Cup began in 2007 and is the annual fundraising charity golf day hosted by The Anoush Memorial Foundation. The foundation was set up by Trak Global Group co-founder Kamran Mahmoudzadeh in memory of his son Anoush Mahmoudzadeh, who tragically lost his life in a car accident at just 18 years old. It has so far supported a number of charitable causes including The Cystic Fibrosis Trust, Breast Cancer Care, Teenage Cancer Trust and UK Youth.

Trak Global Group raises money for charity at the Anoush Cup

Having already raised more than £60,000 since its first edition, the Anoush Cup has proven to be a tremendous success and a great day to honour and remember Anoush whilst raising money for the foundation’s chosen charities.

Trak Global Group staff members rallied up to compete in the 18-hole tournament and support the foundation at the prize-giving event hosted in the evening.

Dave Turnock, International Strategic Account Director at Trak Global Group commented:

This was my 8th Anoush Cup and it was great to see the continued support of players and sponsors. Fortunately, it was not as hot as it was the previous day which was the hottest day of many years! The course was as difficult as ever for me as I only play golf once a year, but as always it was a comical afternoon and more importantly one of our guests who played in our team came 2nd in the overall competition.

The evening was fantastic and it was great to see three colleagues win some interesting prizes in the raffle.”

The first Anoush Cup was held at Aston Wood Golf Club in 2007 and saw 32 friends and family members play and another 30 attend the evening prize giving. Now, 12 years later the cup is supported by a fantastic 91 golfers at the tournament and more than 160 family, friends and colleagues at the evening prize giving.

Trak Global Group is a proud to a sponsor of the event and looks forward to continuing to support The Anoush Memorial Foundation for many years to come.

Developing a Smartphone App to Help Learner Drivers

I’m Andrew Brown-Allan, and I’m the Group Marketing Director at Trak Global Group, a UK company that uses telematics technology to help make the roads safer.

One of our co-founders, Kamran Mahmoudzadeh, tragically lost his 18 year old son Anoush in a road traffic accident over a decade ago, and this has been the ‘moral compass’ that has guided the work we’ve done to improve young driver road safety since our company began.

Over the last 2 years, we’ve been working closely with Highways England, DVSA and driving instructor associations to create a smartphone app for learner drivers, called PaceNotes.

pacenotes

More road-time, less risk

We developed the PaceNotes app to provide learners with a tool that encourages them to spend more time learning to drive. It tracks and shows the amount of time a learner has spent driving on different road types and records the driving conditions they’ve experienced, such as driving in the rain or in the dark.

By tracking the learner’s experience, the app records their driving achievements and highlights the areas they still need to cover. We want to help change learners’ attitudes towards getting on the road as a qualified driver. Most want to pass their test quickly and are unaware of the skills and knowledge needed to be a safe, responsible driver that can only be gained through extended time behind the wheel.

Read the full blog post by Andrew Brown-Allan on the Gov.uk website.

 


 

About Trak Global Group (TGG)

Trak Global Group (TGG) is the UK-based holding company and owner of IMS (Insurance & Mobility Solutions), a global provider of connected car solutions, services, and analytics for insurers, mobility operators and governments, and Carrot Insurance (Carrot), a B2C telematics insurance broker in the UK and digital insurance platform available to insurers internationally. More info at www.trakglobalgroup.com

 

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 to be taken to market. More info at www.ims.tech.

 

About Carrot Insurance (Carrot)

Carrot Insurance (Carrot) is a wholly-owned subsidiary of Trak Global Group (TGG). In the UK, Carrot is an award-winning B2C telematics insurance provider, but the underpinning platform has now been made available internationally to enable any organization seeking to take a UBI proposition to market to do so quickly and with a high degree of configurability. By using feedback, messaging and rewards to incentivize better driving behaviors, the Carrot approach is proven to help reduce claims frequency – this in turn reduces insurance premiums for policyholders, increases customer satisfaction, and drives carrier profitability. More info at www.carrotinsurance.com and www.ims.tech.

 

Media Contact:

 

For UK & European media enquiries, please contact:
Ben Welsh
Certus Communications
benwelsh@certuscc.com
(+44) 07568 382040

 

For North American media enquiries, please contact:
Jennifer Overhulse
St. Nick Media Services
jen@stnickmedia.com
(+1) 859-803-6597

Video Interview: Andrew Brown-Allan, Marketing Director of Carrot and Trak Global Group, explains the firm’s North American acquisition of IMS and what’s next.

Trak Global Group Marketing Director Andrew Brown-Allan spoke to Insurance Business Magazine about the acquisition of IMS, expansion into North America and the role of the Carrot Insurance brand.


About Trak Global Group (TGG)

Trak Global Group (TGG) is the UK-based holding company and owner of IMS (Insurance & Mobility Solutions), a global provider of connected car solutions, services, and analytics for insurers, mobility operators and governments, and Carrot Insurance (Carrot), a B2C telematics insurance broker in the UK and digital insurance platform available to insurers internationally. More info at www.trakglobalgroup.com

 

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 to be taken to market. More info at www.ims.tech.

 

About Carrot Insurance (Carrot)

Carrot Insurance (Carrot) is a wholly-owned subsidiary of Trak Global Group (TGG). In the UK, Carrot is an award-winning B2C telematics insurance provider, but the underpinning platform has now been made available internationally to enable any organization seeking to take a UBI proposition to market to do so quickly and with a high degree of configurability. By using feedback, messaging and rewards to incentivize better driving behaviors, the Carrot approach is proven to help reduce claims frequency – this in turn reduces insurance premiums for policyholders, increases customer satisfaction, and drives carrier profitability. More info at www.carrotinsurance.com and www.ims.tech.

 

Media Contact:

 

For UK & European media enquiries, please contact:
Ben Welsh
Certus Communications
benwelsh@certuscc.com
(+44) 07568 382040

 

For North American media enquiries, please contact:
Jennifer Overhulse
St. Nick Media Services
jen@stnickmedia.com
(+1) 859-803-6597