Octo Telematics Wins Best Insurance Telematics Product or Service of The Year – Digital Journal

BOSTON–(Business Wire)–

Octo
Telematics (Octo)

, the number one global provider of telematics for
the auto insurance industry, with 39% of the market in terms of active
usage-based insurance (UBI) policies, announced today that it has been
crowned the

Best Insurance Telematics Product or Service of the Year

at

TU-Automotive
Detroit 2017

. In addition, three Octo executives presented important
telematics themes in keynote and panel discussions at the
industry-leading show.

Among finalists such as LexisNexis, Verisk, TrueMotion, Metromile,
Urgently, Nicigo and Cambridge Mobile Telematics, Octo won the title for
its Surround solution, an in-vehicle always-connected solution. Surround
met strict award criteria including innovation, industry engagement,
user experience and industry reaction/market uptake. Octo Surround
enables insurers of any size to offer a comprehensive insurance
telematics program including driving behavior, crash&claims, vehicle
health monitoring and distracted driving.

“This award recognizes the tremendous milestones and industry adoption
that we’ve accomplished at Octo Telematics since our North America
market entry in 2011,” said Nino Tarantino, CEO, Octo Telematics North
America. “In addition to our recent global milestone of over five
million connected cars, we also activated over 100,000 North American
insurance telematics policies in the month of May, furthering our market
leadership position.”

Octo Surround is a part of Octo North America’s complete suite of
telematics products for insurers – now available via both in-vehicle and
mobile solutions through Octo Glimpse, Octo Vantage, Octo Fleet and Octo
Surround. Octo’s robust portfolio gives insurers the ability to offer
solutions to users based on variable risks – for example, a higher risk
teen driver may be offered a full telematics solution via Octo Surround,
while a lower risk driver may be provided with Octo Glimpse, offering
telematics through the policyholder’s smartphone.

In addition to its award win, Octo Telematics and Octo Telematics North
America executives led important presentations at the conference,
including:

  • Future Proof Telematics, Jonathan Hewett, Chief Marketing
    Officer
  • Unlocking New Automotive Revenue Streams, Cletus Nunes,
    Director of Sales
  • The Aftermarket Claims Its Piece of the Pie, Steven Fernandes,
    Director of Innovation

With 150 speakers, a 200,000 square foot exhibition and 3,000 attendees,
TU Detroit is the world’s biggest conference and expo for connected and
autonomous cars. For full details and times of Octo’s presentations,
visit: http://ift.tt/2s4kKgK.

About Octo Telematics
Octo is the number one global provider
of telematics and data analytics solutions for the auto insurance
industry. Founded in 2002, 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 60 insurance partners. Octo has more than 4.9 million connected
users and one of the largest global databases of telematics data, with
over 155 billion miles of driving data collected and 397,000 crashes and
insurance events analyzed (as of March 31, 2017). Octo applies
proprietary algorithms to this market-leading database to deliver
powerful new insights into driver risk, informing solutions that benefit
both auto insurance companies and policyholders.

The company is headquartered in London, with offices in Boston, Rome,
Stuttgart, Madrid, and Sao Paulo. For more information, visit http://ift.tt/1j6Hocj
or follow us on Twitter: @octousa
@octotelematics.

Octo Telematics
Kim Kennedy, 781-603-6066
kkennedy@perkettpr.com

http://ift.tt/2rVA1zm

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