Company Information

Get to know Smart Drive Canada

Smart Drive Canada provides a telematics-based program for the auto insurance sector. By installing a small device in their vehicle, customers allow their driving data (such as speed, acceleration, braking, and time of day) to be collected and analyzed. This data is used by participating insurance partners to offer personalized insurance premiums, rewarding safe drivers with potential discounts. The program, powered by technology from IMS (Intelligent Mechatronic Systems), aims to promote safer driving habits while helping consumers reduce their insurance costs through a pay-how-you-drive model.

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Technology Software DevelopmentPRIMARY
Financial Other Service

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Smart Drive Canada

Canada

Founded in

2011 (15 Years)

Founded

Last online: No recent activity

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(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.