22 Apr 2008
IRIS - Global wins "Product of the Year 2008" at the European Risk Management Awards in Paris because of its innovative "PAY AS YOU DRIVE" Personalized Insurance and Fleet Risk Management System.
West Midlands Company, IRIS - Global (International Research and Intelligent Systems) received the highly decorated award in recognition of its innovations on the insurance and risk management sector. The products introduced by IRIS enable insurers to offer "PAY AS YOU DRIVE" solutions to the mainstream private market.
By tracking data how, when and where a car was driven, an individual calculation of insurance premiums can be offered. The system can also be used for risk validation and includes a unique "Accident Reconstruction" tool.