News

  • 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 …

  • Octo Telematics integrates digital telematics solution with Guidewire PolicyCenter

    November 13, 2017

    The platform-to-platform integration of the Vantage (formerly Glimpse Plus) solution lets insurers using PolicyCenter easily offer their clients Octo’s telematics offering. Vantage uses drivers’ smartphones to collect driving data through IoT-enabled tags and analyzes it with proprietary algorithms. “PolicyCenter automates underwriting and policy management exclusively for P&C insurers and manages the entire lifecycle of a policy from creation through to …

  • The Business Debate – Octo Telematics – future of insurance

    November 10, 2017

    Jonathan Hewett, Chief Marketing Officer of Octo Telematics, sits down with The Business Debate to discuss the telematics industry and its path for the future. Specifically, Jonathan explains how telematics works, what data is collected and how that data is utilized for insurance companies. They also expand on how this is beneficial for both the insurance company and the driver. …

  • CIO Bulletin names Octo one of the most innovative companies in 2017

    October 31, 2017

    Innovation is the lifeblood of auto insurance today. It’s changing the insurance industry in a way that hasn’t been seen in decades. Insurance is no longer just about price, but about value-added services such as crash assistance, vehicle monitoring, and usage-based insurance – all enabled by telematics. Click here to read CIO Bulletin’s full interview with North America CEO, Nino …

  • How can we make InsurTech a reality?

    October 18, 2017

    InsurTech asks Jonathan Hewett, Chief Marketing Officer of Octo Telematics, to define success in InsurTech. He explains that success is defined by the ability to execute, the ability to partner, and deliver innovation. He stresses the importance of partnering and how it is a key factor in the business. “Somebody once said to me, 3 things matter in business: execution, …

  • 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 …

  • Insights Success names Octo an innovative company to watch 2017

    October 15, 2017

    Octo Telematics: Revolutionizing the Global Telematics Industry, featured in Insight’s Success 20 Most Innovative Companies to Watch 2017, provides a brief history of Octo Telematics and its marketing-leading insurance telematics services. Click here to read the article.

  • 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 …