Octo clinches prestigious “Best Insurance Telematics Product or Service Launch”
Octo North America, the North American leader in insurance telematics, has received the prestigious “Best Insurance Telematics Product or Service Launch” Award at the 2014 Telematics Update Awards Ceremony, which was held on June 3, 2014 at the Hyatt Place Detroit in Novi, Michigan (USA).
In just over two years, Octo Telematics North America has been selected as a partner to launch usage-based insurance (UBI) products with some of the largest property and casualty insurance brokers in both the United States and Canada. In fact, Octo is currently managing ten partner programmes. Unlike other programmes provided by the insurance industry, Octo programmes are designed to each insurer’s specific needs and custom-tailored via Octo’s global infrastructural network.
“This award not only recognizes the excellent service that we provide to our insurance partners as they launch full-scale telematics products, but also the extreme reliability and security of our platform,” points out Nino Tarantino, CEO, Octo Telematics North America. “However, none of this would have been possible without the full support we receive from our dedicated teams in Boston, San Diego, Montreal and Rome. This is not just an award for Octo Telematics North America, this is an award for every Octo team around the world!”
“Receiving a Telematics Update Award for the ‘Best Insurance Telematics Product or Service Launch’ on the US Market is a great source of pride for Octo. We are deeply honoured to receive this recognition from such a prestigious organisation,” emphasises Fabio Sbianchi, CEO, Octo Telematics Group. “This is a clear testament to the quality of the service that we have provided around the world for more than 11 years and which, today, provides top quality service to nearly three million customers in over 20 countries. Our North American presence has grown rapidly and organically and Octo Telematics Group is firmly committed to continue investing in this key strategic market.”
Octo’s award-winning services have achieved widespread recognition, recently adding more than 151,000 new customers each month and recording, processing and storing over 72,000 data points every minute. With over 110 billion data points, Octo maintains the world’s largest insurance telematics statistical database.
Thanks to its joint-venture with Directed, the largest North-American designer and marketer of consumer-branded vehicle security and remote start systems, Octo currently brings its extensive experience with infrastructure, device logistics, installation and client care and enables best-in-class support to insurers across the U.S. and Canada.