Octo Telematics

Octo Telematics Ltd. Was founded in 2002 by Fabio Sbianchi, who is now CEO. [1] Octo is a telematics company That Provides tailored solutions for the insurance and automotive industries [2] by collecting contextual vehicle, location and crash data, as well as driver behavior information to media usage-based insurance (UBI) policies – Also Known As pay-as-you-drive.

In May 2015 it moved its headquarters to London. The company has offices in Boston, Rome, Stuttgart, Madrid, and Sao Paulo. [3] Globally, they currently have four million connected users. [4]

Products

October, 2008, pp. 5-7. For validation of their products and services, they work with research institutes like Ohio State University’s Center for Automotive Research (CAR). [5]

The information that insurers receive from their telematics devices changes the way coverage is priced with policies. [6] The technology is also used to detect fraud, by giving insurers a complete understanding of a crash. If the devices detect a G-force above a certain level, they can automatically trigger a call to check if the driver and any passengers are unharmed, or alert emergency services if needed. [7]

The Octo U is a smartphone app , it uses GPS and smartphone sensors to track how safely a car is driven. [8]

Octo’s Link Connections October U to insurers, enabling drivers to share their driving record with insurers for quotation. [9]

Insurance Customers

  • Admiral
  • Allianz
  • Hastings Direct

Other Customers

  • BMW
  • General Motors
  • Toyota

Sponsorship

  • At the Mugello GP in 2015, Octo Telematics became the sponsor of Pramac Racing , renaming the two Ducati team to Octo Pramac Racing. [10]
  • Oct telematics became title sponsor on the British round of the MotoGP in 2015. [11]

References

  1. Jump up^ “About | OctoTelematics” . Octotelematics.com . Retrieved 2016-12-08 .
  2. Jump up^ “Log In – New York Times” . Nytimes.com . Retrieved 2016-12-08 .
  3. Jump up^ “Home | OctoTelematics” . Octotelematics.com . Retrieved 2016-12-08 .
  4. Jump up^ “Telematics Announces Milestone of Four Million Worldwide Connected Users – Yahoo Finance” . Finance.yahoo.com . Retrieved 2016-12-08 .
  5. Jump up^ “Octo Telematics Partners with The Ohio State University Center for Automotive Research” . News.yahoo.com . Retrieved 2016-12-08 .
  6. Jump up^ “Insurers test the limits of telematics’ big data” . Ft.com . Retrieved 2016-12-08 .
  7. Jump up^ “Crash test: The tech driving down car insurance fraud – BBC News” . bbc.co.uk . Retrieved 2016-12-08 .
  8. Jump up^ “U UU uses GPS to track how safe you actually drive” Daily Mail Online ” . Dailymail.co.uk . Retrieved 2016-12-08 .
  9. Jump up^ “Insiders to ‘bid’ for the best drivers based on telematics scores” . Telegraph.co.uk . Retrieved 2016-12-08 .
  10. Jump up^ “Ducati – Racing – Octo Pramac Racing MotoGP” . Ducati.com . Retrieved 2016-12-08 .
  11. Jump up^ Dorna Sports. “Octo Telematics: New Title Sponsor for British MotoGP ™ round” . Motogp.com . Retrieved 2016-12-08 .

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