News

  • How telematics is revolutionizing claims

    March 9, 2018

    If someone has a telematics device in their car and they get into an accident, insurers can now determine in real-time where the car was damaged, the extent of the damage, the probability of bodily injury, and what other car was involved, explains Nino Tarantino, CEO of Octo Telematics North America. It’s something Octo has been involved with for many …

  • Made in Boston: Boston Voyager features Nino Tarantino

    March 7, 2018

    Nino Tarantino, CEO of Octo Telematics in North America, sits down with Boston Voyager to discuss his journey with Octo including challenges along the way and his essential ingredient for business success. Click here to read the full article.

  • Value, not discounts, key to commercial lines telematics

    March 5, 2018

    Over the past year, Octo has seen significant interest in telematics solutions for commercial auto insurance. As insurers start seeing results from their personal auto usage-based insurance programs, they look for new ways to leverage telematics technology. With half of the 13 million commercial vehicles in the U.S. connected via telematics, bringing telematics to commercial auto insurance is a logical next step. Price-based competition in commercial …

  • Four reasons to embrace the connected car

    February 1, 2018

    There is no doubt that the connected car is here to stay. Equipped with an Internet connection, mobile apps, and more, connected cars allow drivers to interact with their vehicle, their environment, and third-party services. Just like so many technological advancements before it, some uncertainty and fear accompany connected car adoption. With estimates that 75 percent of cars shipped globally …

  • Vehicle sharing and the influence of telematics

    Shared mobility services are not only growing, they also are expanding in scope. Among these trends is the significant increase in vehicle sharing programs. A recent Frost & Sullivan report noted that approximately 7 million users were sharing roughly 112,000 vehicles in 2015 in the United States alone. These numbers are expected to grow to over 36 million users and …

  • From the experts: 4 great solutions to make telematics data work for you

    January 4, 2018

    Telematics systems are of invaluable use to fleets, offering numerous benefits, including lower costs, less wear and tear on vehicles, and higher driving standards. But these systems also generate huge amounts of data, so it’s key that fleet managers understand which data is relevant and how best to use it. Some of the leading telematics suppliers give tips on the …

  • Enterprise case study: building flexible and scalable data platforms

    December 20, 2017

    As an early entrant to the telematics service provider (TSP) market, Octo Telematics has established a global market-leading position over the last decade. To further drive the IoT insurance market and build on its market position, Octo Telematics needed to develop an IoT and telematics platform with the functionality, flexibility, and scale to support the next evolution of IoT-based insurance …

  • Telematics beyond UBI: tackling distracted driving

    November 30, 2017

    The worldwide proliferation of smartphones and connected car technologies means that drivers are more distracted than ever. If technology is the issue, is it also a solution? Although for the most part, technology has rendered that activity obsolete, connected car technologies such GPS, while helpful, are still taking drivers’ eyes off of the road. Even as cars themselves continue to get …

  • Ridesharing and the impact of telematics

    November 29, 2017

    Since the launch of Uber in 2011, the practice of ridesharing has had a significant impact on the auto insurance market, blurring the distinction between personal and commercial lines coverage. In fact, with multi-billion-dollar companies like Uber and Lyft operating in hundreds of cities across the country, and millions of users serviced by hundreds of thousands of drivers, the explosive …

  • Embedded chips & connected car news tips

    November 19, 2017

    In connected car news this week were Geely, Honda, Visteon, Toyota, Zubie, Octo, VW, The LA Auto Show and TomTom. Octo announced the platform-to-platform integration of its market-leading digital smartphone, smart tag solution, Vantage (Formerly Glimpse Plus, Smart Tag in Europe) with Guidewire PolicyCenter, the policy administration system developed by Guidewire Software, a provider of software products to Property & Casualty …