Blog

  • Telematics Drives £160 Million Savings in UK

    December 20, 2017

    Telematics insurance policies provide UK drivers with net savings in 2017 Octo Telematics, the number one global provider of telematics for the motor vehicle insurance industry, has released data revealing that, in 2017, drivers in the United Kingdom saved approximately 160 million pounds in car insurance costs through the adoption of usage-based insurance policies – an average saving of 167 pounds for …

  • Octo Telematics Recaps Momentous Year in North America; Delivers 2018 Insurtech Predictions

    As December winds down, the team at Octo North America wraps up a very successful 2017! It was a busy year for the Company overall, with numerous partnerships, multiple new products delivered, the announcement of a new IoT platform, and the acquisition of Willis Towers Watson, including its market-leading DriveAbility® solution and the DriveAbility Marketplace. Highlights of our year include: February: Octo …

  • Value, Not Discounts, Key to Commercial Lines Telematics

    December 5, 2017

    Over the past year, Octo has seen significant interest in telematics solutions for commercial auto insurance. As insurers start seeing results from their personal auto usage-based insurance programs, they look for new ways to leverage telematics technology. With half of the 13 million commercial vehicles in the US connected via telematics, bringing telematics to commercial auto is a logical next …

  • Driving Open Innovation

    November 27, 2017

    How innovative companies thrive on technology transfer While the natural course of enterprise leads to focus and specialise on specific services and products, the disruptive nature of innovation calls for an open-minded entrepreneurial approach that can swiftly capitalise on new opportunities and technology to maximise the market footprint. Indeed, this how a once niche market like insurance telematics has blossomed and currently …

  • The Transformation of Insurance in The Digital Age (video)

    November 13, 2017

    Octo Telematics CMO Jonathan Hewett interviewed by the WSJ about the Future of Insurance. Watch the video here  Technology is becoming pervasive and connectivity is consuming our daily lives. Whilst the latest gadgets from Apple and Amazon excite our interest and are hugely desirable, even “must haves” such as car insurance are changing forever. Since the dawn of the insurance industry …

  • Together for Safer Roads – Annual Report

    October 27, 2017

    Every business has a stake in road safety. Octo partners with Together for Safer Roads (TSR) and many other private organizations to bring together members’ knowledge, data, technology, and global networks to improve road safety globally and within local communities. Our collective efforts are paying off, as evidenced in TSR’s recently released annual report. Through a TSR and City of …

  • The Anatomy of Octo's Crash Dossier

    October 3, 2017

    At the heart of Octo’s leading crash and claims capabilities is the crash dossier – a compendium of all relevant facts automatically compiled and provided to our insurance partners within minutes of a crash. The Octo crash dossier is a very powerful tool to help you reduce fraud, estimate damages, and accurately assign liability. In this blog post, we deconstruct …

  • The Future of Commuting

    September 29, 2017

    Researchers posit that, in the future, commuting times will not change, but distances will. The term “commuter” derives from the early days of train travel in American cities such as New York, Philadelphia, Boston and Chicago; in the 1840s, the railways offered a “commuted” or reduced fare for travellers who journeyed weekly on the same routes. Commuters usually travel at the …

  • 3 Steps Companies Can Take to Solve Road Safety Challenges Using Big Data

    September 28, 2017

    Companies must consider the welfare of their employees, as well as the dangers their fleets could pose to other road users. Together for Safer Roads recently published a great blog post providing companies with three steps they can take to solve road safety challenges. Octo is honored to be used as an example telematics solution for addressing fleet safety issues. …

  • The Telematics-Driven Claims Process

    September 11, 2017

    Telematics-driven usage-based insurance programs are now available in every US state. Insurers have embraced telematics as a tool to more effectively price risk. The most innovative insurers are looking beyond pricing for new ways to use telematics data. Leveraging telematics to improve the claims process is the next logical step. Our claims experts put together this infographic to show you …