A North West tech company has launched its business in Italy - with its new division set to become a platform for ambitious growth plans across mainland Europe.
Crewe firm Insurance & Mobility Solutions (IMS) has announced the launch of IMS Italia, and the appointment of senior telematics executive Mauro Cantoni to be CEO of the new division, which will be located in Rome.
The firm, a provider of connected car solutions, services, and analytics to insurers, mobility operators and governments, said Italy has the highest insurance telematics penetration of anywhere in the world, at around 18%.
Mr Cantoni said there is a "wealth of market opportunity" across insurance and mobility, which he intends to help with a new generation of connected solutions.
The IMS Italia division will also serve as a platform for the company’s growth ambitions within mainland Europe, with Mr Cantoni will serve as senior vice president of sales.
Nick Corrie, CEO of Trak Global Group, which owns IMS, said “The global pandemic has been a real accelerant for the adoption of transformational technology in the markets in which we operate.
"Areas such as usage-based insurance have been growing incrementally over the last decade, but the prospect of mainstreaming has felt much more real in just a matter of months, as people’s attitudes to mobility continue to shift.”
“IMS has created products that enable our customers to stay better connected to their customers, and I am confident there will be a continued hike in demand for our next generation suite of telematics-based propositions.”
Mr Cantoni added: “IMS has created long-term international partnerships with its clients, aligning commercial interests and innovating together.
"I admire this kind of collaborative culture, along with a genuine understanding not only of our customers’ industry, but also their business objectives and the needs of their end-users.
"Add to this the motor market specialist experience of our new IMS Italia team and our commitment to high-quality delivery, and I believe we are extremely well-placed to deliver on the needs and opportunities presented both domestically, and across Europe.”
