Toyota Motor : New Telematics Car Insurance Services Company to be Launched in U.S. 4-Traders

In Southern California, near TFS U.S. headquarters, TIMS will support the development of telematics car insurance services for Toyota customers, as well as new experiences aimed at more fully satisfying customers by working in unison with dealers and distributors. TIMS will contribute to the development of insurance offerings that benefit consumers-including so-called'pay how you drive' insurance, which encourages safer driving. TIMS plans to conduct analysis of big data, and conduct relevant marketing and promotion of the new services to help offer broader insurance options to users. The aim of establishing the new company is to contribute-from the aspect of automobile insurance-to the achievement of Toyota's vision of a mobile society that is safe, secure and convenient. AD and TFS will invest in the new company through their own subsidiaries in the U.S., while investment on the part of TMC will come from Toyota Connected, Inc. (TC) established in the U.S. in January 2016.