IMS, a subsidiary of Trak Global Group (TGG) and one of the providers of connected car data solutions to insurers, mobility operators and governments, is pleased to announce the availability of usage-based insurance (UBI) program model for North American insurers that enables the implementation of a mileage-based UBI product in just a matter of weeks.

During the COVID-19 crisis, global driving patterns have been significantly altered, with IMS telematics data from customers around the world showing decreases in the total number of trips taken and distance traveled during lockdown. Looking at data taken from early March to mid-April, 55 percent fewer trips and 40 percent fewer miles have been driven in the U.S., while in Canada the numbers are 45 percent and 50 percent respectively, and in Germany 40 percent and 55 percent respectively. Notably, the UK leads the pack with the largest decreases during lockdown, with data showing 55 percent fewer trips and 65 percent fewer miles driven.