Octo Telematics

Worldwide Telematics Insurance Industry to 2025 - Focus on Product, Application, and Country Assessment - ResearchAndMarkets.com

Thursday, April 8, 2021 - 1:24pm

The "Telematics Insurance Market - A Global and Regional Market Analysis: Focus on Product, Application, and Country Assessment - Analysis and Forecast, 2020-2025" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Telematics Insurance Market - A Global and Regional Market Analysis: Focus on Product, Application, and Country Assessment - Analysis and Forecast, 2020-2025" report has been added to ResearchAndMarkets.com's offering.
  • Telematics insurance is an insurance program based on current driving behavior as opposed to historic achievement and is sometimes called black box insurance.
  • The telematics insurance market research provides a detailed perspective on the different types of products, their applications, and value estimation, among others.
  • The telematics insurance market report is a compilation of different segments, including market breakdown by type, application, region, and country.

OCTO Telematics Announces OCTO Smart KeyLess

Thursday, July 16, 2020 - 1:30pm

New features are offered by the innovative Smart KeyLess solution that is based on OCTO's proprietary technology.

Key Points: 
  • New features are offered by the innovative Smart KeyLess solution that is based on OCTO's proprietary technology.
  • The fleet manager is also able to manage the car remotely, and take advantage of all the Fleet Telematics features offered by OCTO.
  • OCTO Smart KeyLess provides the tools needed to support and simplify the work of fleet managers in a time of post lockdown.
  • OCTO Smart KeyLess is also fully compatible with other OCTO solutions, including those dedicated to the New Normal such as OCTO PurePlace ( pureplace.octotelematics.com ) a solution to sanitize a vehicles and controlled environments, as well as solutions for more advanced Fleet Management and Insurance Telematics.

OCTO Telematics Powers Techpilot Project for Insurance Corporation of British Columbia

Tuesday, February 18, 2020 - 3:00pm

OCTO Telematics, today announced it has been selected as the exclusive telematics provider for the Insurance Corporation of British Columbias (ICBC) one-year project, Techpilot, for newly licensed drivers.

Key Points: 
  • OCTO Telematics, today announced it has been selected as the exclusive telematics provider for the Insurance Corporation of British Columbias (ICBC) one-year project, Techpilot, for newly licensed drivers.
  • For insurance, OCTO offers the market leading DriveAbility risk score and advanced connected insurance capabilities.
  • OCTOs Digital Driver insurance telematics mobile app-based solution selected by ICBC provides comprehensive data and powerful insights into driving behavior and associated risk at a competitive price point.
  • This partnership is another step towards our goal of creating a safer driving culture in British Columbia.

OCTO Acquires Nebula Systems, Reinforces Its Leadership in Intelligent Vehicle Diagnostics

Wednesday, December 4, 2019 - 11:00am

OCTO continues its investment strategy in companies with high technological value, pursuing continuous portfolio innovation and market leadership.

Key Points: 
  • OCTO continues its investment strategy in companies with high technological value, pursuing continuous portfolio innovation and market leadership.
  • The Nebula Systems diagnostic cloud solution is based on an integrated circuit and a suite of vehicle data analysis software applications in order to better respond to the increased complexity.
  • OCTO solves the complexity of interpreting this data and offers impactful solutions which contribute to deliver additional value for fleet managers.
  • With this acquisition, the Nebula technology will be integrated in the standard OCTO offering.

Nino Tarantino Joins Trak Global Group as CEO of IMS – Americas

Monday, September 16, 2019 - 11:03am

London, United Kingdom and Waterloo, Ontario, Sept. 16, 2019 (GLOBE NEWSWIRE) -- Trak Global Group ['TGG'], one of the worlds leading telematics technology companies with operations in the UK, Europe, and North America, has appointed Nino Tarantino CEO of IMS (Americas).

Key Points: 
  • London, United Kingdom and Waterloo, Ontario, Sept. 16, 2019 (GLOBE NEWSWIRE) -- Trak Global Group ['TGG'], one of the worlds leading telematics technology companies with operations in the UK, Europe, and North America, has appointed Nino Tarantino CEO of IMS (Americas).
  • Nino Tarantino joins IMS as CEO of the Americas after serving as CEO of North America for Octo Telematics from 2011- 2018.
  • In late 2018, Trak Global Group acquired IMS, the 3rd largest insurance telematics business in North America.
  • For more information on Trak Global Group:
    For more information on IMS:

Mobile Usage-Based Insurance (UBI) Grew 160% Globally in 2018

Wednesday, July 3, 2019 - 10:00am

The main telematics insurers globally in terms of number of policies remain Italy's UnipolSai and the USA's Progressive and State Farm.

Key Points: 
  • The main telematics insurers globally in terms of number of policies remain Italy's UnipolSai and the USA's Progressive and State Farm.
  • On the supply side, Octo Telematics, Cambridge Mobile Telematics (CMT), and IMS were the major telematics service providers (TSPs).
  • PTOLEMUS also found that the key insurance telematics market trends from 2018 were:
    North America and Europe still accounted for the majority of the UBI market.
  • It has completed nearly 100 assignments related to telematics, over 50 in the domain of UBI and insurance analytics.

Octo Telematics partners with SAS to enhance analytical capabilities across its insurance IoT platform

Friday, May 31, 2019 - 6:16pm

Octo Telematics provides an IoT platform purpose-built for insurance that enables insurers to better price risk, manage claims and engage customers.

Key Points: 
  • Octo Telematics provides an IoT platform purpose-built for insurance that enables insurers to better price risk, manage claims and engage customers.
  • "SAS shares our vision for the transformative power of insurance IoT and best-in-class analytics," said Gianfranco Giannella, Chief Operating Officer at Octo Telematics.
  • "Octo is a pioneer in insurance telematics, and their insurance platform is a great example of how applied analytics combined with IoT can make insurance more profitable and personalized," said Jason Mann, Vice President of IoT atSAS.
  • To learn more about SAS' approach to IoT analytics, with embedded AI capabilities, download the free product brief SAS Analytics for IoT .

Octo Telematics Appoints VP, Head of Sales, Americas

Wednesday, March 27, 2019 - 12:00pm

Octo Telematics, a leading global provider of telematics and data analytics solutions for the auto insurance industry, today announced it has appointed Chris Benecick as Vice President and Head of Sales for the Americas.

Key Points: 
  • Octo Telematics, a leading global provider of telematics and data analytics solutions for the auto insurance industry, today announced it has appointed Chris Benecick as Vice President and Head of Sales for the Americas.
  • Its great to have Chris on board to lead our expansion initiatives in the Americas, said David OMalley, Chief Revenue Officer, Octo Telematics.
  • Octo is the number 1 global provider of telematics and data analytics solutions for the auto insurance industry.
  • Founded in 2002, Octo is one of the pioneers of the insurance telematics industry.

CAA Insurance and Octo Telematics Named Best Technology Provider at ICTA 2019

Wednesday, February 27, 2019 - 1:00pm

Octo Telematics, a leading global provider of telematics and data analytics solutions for the auto insurance industry, with their partner CAA Insurance, was named the Best Technology Provider at the 2019 Insurance-Canada.ca Technology Conference in Toronto on Tuesday, February 26.

Key Points: 
  • Octo Telematics, a leading global provider of telematics and data analytics solutions for the auto insurance industry, with their partner CAA Insurance, was named the Best Technology Provider at the 2019 Insurance-Canada.ca Technology Conference in Toronto on Tuesday, February 26.
  • Octo is the number 1 global provider of telematics and data analytics solutions for the auto insurance industry.
  • Today, Octo is the largest and most experienced insurance telematics company in the world, transforming auto insurance through behavioral, contextual and driving analytics for more than 100 insurance partners.
  • http://www.octotelematics.com
    CAA Insurance Company is a national property and casualty insurance company, providing home and auto insurance products distributed through CAA Clubs and select brokerages.

Octo Telematics Continues Market Expansion in Mexico; Partners with Largest Auto Insurer for Commercial Lines Telematics

Monday, January 28, 2019 - 6:18pm

Qualitas, with over four million insured vehicles, will work with Octo to develop the telematics market in Mexico by leveraging Octos driving behavior analytics in the commercial lines space.

Key Points: 
  • Qualitas, with over four million insured vehicles, will work with Octo to develop the telematics market in Mexico by leveraging Octos driving behavior analytics in the commercial lines space.
  • Octo will supply Qualitas with fleet telematics as it expands its commercial offerings throughout Mexico with a new program, available to its customers in early 2019.
  • As the largest auto insurer in Mexico, Qualitas was a natural fit for us as a partner, as we continue to lead the growth of UBI and telematics in the country, said Geoff Werner, Americas Country Manager at Octo Telematics.
  • Today, Octo is the largest and most experienced insurance telematics company in the world, transforming auto insurance through behavioral, contextual and driving analytics for more than 100 insurance partners.