A new agreement with CDL will provide Octo Telematics Solutions to UK brokers and insurers
Octo Telematics has signed a new partnership agreement with insurance software house CDL to integrate its proprietary solutions into the CDL telematics hub and make them available to UK insurance retailers.
The new partnership, signed on October 23, 2014, will provide brokers and insurers in the United Kingdom with the ability to integrate usage-based insurance with Octo’s full range of stolen-vehicle tracking and crash management services, including: bcall/e-call push button and voice management systems to assist individuals involved in accidents, stolen vehicle recovery features, crash detection and geo-fencing for parental control and/or theft detection.
“We are delighted to be working with CDL,” explains Martin Williams, Managing Director, Octo UK. “They have an excellent track record on the UK telematics market, particularly in terms of what they have done to fully automate sales and administration of telematics policies. This partnership will extend the scope of our telematics services to the claims and vehicle recovery arena and allow us to take a major step forward in this sector.”
Nigel Phillips, Commercial Director, CDL, pointed out “Octo Telematics is bringing sophisticated new telematics capabilities to the UK insurance marketplace. In this context, our partnership is the next step in CDL’s strategy to integrate the CDL Telematics Hub with selected service providers that offer a competitive edge in the marketplace.”
CDL already provides telematics solutions for a range of major brands, including: AA Drivesafe, The Co-operative, Coverbox, DriveStyle, Hastings Direct SmartMiles, iGO4 Wise Driving, Ingenie and Sheilas’ Wheels Broker Model Driver.
Octo first launched telematics insurance, vehicle tracking and crash management services on the Italian market in 2004 signing on important clients such as Unipol, Generali, Aurora and AXA Italia. The company has since established its activities and services globally, including the vast majority of European countries.
Octo’s on-going research and development programme currently includes a project to automate vehicle damage cost estimates, which will include the ability to assess the damage to all vehicles involved in an accident, including those that are not fitted with telematics devices. This service is designed to radically reduce administrative costs and vehicle repair time, as well as helping to monitor repair costs.
CDL is an innovation-oriented market leader in software solutions for high volume retail insurance operations and is highly regarded as an independent, financially stable and trusted partner. CDL is a leading provider of high volume insurance retail solutions.
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