News

  • 5 takeaways from Connected Car Insurance USA 2017

    October 16, 2017

    “Last month, I attended Connected Car Insurance USA 2017 in Chicago with my Octo Telematics team. The show is always a sell-out event, and for good reason: It is the largest and most informative forum for executives from across the connected car and auto insurance industries. There was plenty of lively discussion about the future of insurance and the impact …

  • Business News: IBM, Med-IQ, Octo Telematics

    October 13, 2017

    Octo Telematics announced that it will acquire the usage-based insurance (UBI) assets of Willis Towers Watson, including its market-leading DriveAbility solution and the DriveAbility Marketplace. The partnership will focus on further development of algorithms and other analytical tools to provide actionable intelligence based on accurate analysis of data. This effort will be led by Octo and guided by an advisory …

  • Octo Telematics to Acquire Willis Towers Watson’s UBI Assets

    Through use of Octo’s Next Generation Platform, the companies say the acquisition will bring globally recognized scoring capabilities to serve the global insurance telematics marketplace. “With ever-increasing data volumes being measured and recorded, the tools being used to analyze it and provide accurate driving behavior information to insurers must develop at a similar pace,” he elaborates. “It makes sense to …

  • Octo Telematics broadens its service

    October 12, 2017

    Octo Telematics is acquiring the usage-based insurance assets of Willis Towers Watson, including its Drive Ability solution. Following the deal, both parties will work together to develop telematics products while using big data and analytics. Jonathan Hewett, chief marketing officer at Octo Telematics, told the Post, ‘Telematics is just the starting point, we see huge opportunities within connected insurance as …

  • Octo Telematics to acquire Willis Towers Watson’s UBI assets; firms to partner on insurance-related products

    Octo Telematics and Willis Towers Watson (WTW) have reached an agreement in which the former will acquire the latter’s usage-based insurance (UBI) assets, setting the stage for the two companies to work together on more auto telematics opportunities. Led by Octo and guided by an advisory board, “the partnership will focus on further development of algorithms and other analytical tools …

  • Willis Towers Watson sells UBI unit to Octo

    “Insurance telematics is evolving far beyond the simple black box hardware. With ever-increasing data volumes being measured and recorded, the tools being used to analyse it and provide accurate driving behaviour information to insurers must develop at a similar pace. It makes sense to join forces with Willis Towers Watson to pool resources and lead on further developing telematics propositions,” …

  • Octo Telematics to Acquire UBI Assets of Willis Towers Watson

    October 11, 2017

    Key Willis Towers Watson personnel will also join the Octo team, notably industry pioneer Geoff Werner (Global Telematics Leader) who has led the development and growth of DriveAbility throughout its lifecycle. DriveAbility aggregates and analyses granular telematics and insurance data to provide an industry-leading driving score and to assist insurers to design, score, issue and bind telematics-based insurance policies. Click …

  • Octo Telematics to acquire UBI assets of Willis Towers Watson

    The deal, made for an undisclosed amount, includes Willis Towers Watsons’ DriveAbility solution and the DriveAbility Marketplace while Octo will also develop a strategic alliance with Willis Towers Watson on additional auto telematics opportunities to enhance both companies’ suite of products and services. Key Willis Towers Watson personnel will also join the Octo team. Fabio Sbianchi, CEO, Octo Telematics said: “It makes sense …

  • Telematics Firm Octo Acquires Willis Towers Watson Usage-Based Assets in a Strategic Alliance

    Octo Telematics, a provider of telematics for the automobile insurance industry, said it will acquire the usage-based insurance assets of Willis Towers Watson. Read the full article.

  • Willis Towers Watson Selling Telematics Tech to Octo; Both Will Jointly Develop More

    Willis Towers Watson plans to sell its usage-based insurance assets to Octo Telematics, a UK telematics company focused on the auto insurance industry. Once the deal concludes, both companies will form a strategic alliance to develop new technology in the space. London-based Octo said its purchase will include the company’s DriveAbility telematics program. As well, key Willis Towers Watson personnel …