Telematics technology driving the future of insurance
The number one player in a $33bn addressable market. Octo is leading the revolution in a fast growing market with strong growth forecasts.
Octo is transforming the way auto insurance companies assess risk, manage claims and build customer relationships.
Our smart technology applies advanced analytics to behavioral data to create user specific solutions.
Our History
Frustrated with his wife’s insurance premiums for a car she was hardly using, Fabio Sbianchi introduced telematics to the auto insurance industry. He had a vision to create a system where drivers paid a fair premium, based on their real driving, allowing them to be treated as an individual not just a number.
Frustrated with his wife’s insurance premiums for a car she was hardly using, Fabio Sbianchi introduced telematics to the auto insurance industry. He had a vision to create a system where drivers paid a fair premium, based on their real driving, allowing them to be treated as an individual not just a number.
Octo expanded internationally, providing telematics technology to insurance providers around the world.
Octo expanded internationally, providing telematics technology to insurance providers around the world.
The automotive telematics market is worth around 600 million Euros. Octo is the market leader with a 39% market share and 5.6 million customers.
The automotive telematics market is worth around 600 million Euros. Octo is the market leader with a 39% market share and 5.6 million customers.
Industry analysts predict that the automotive telematics market will be worth around 50 billion Euros.
Industry analysts predict that the automotive telematics market will be worth around 50 billion Euros.
World leaders in IoT for Insurance
The data we collect is processed with our powerful algorithms giving us an accurate picture of driver behavior. These insights are used to create solutions that meet the needs of today and to anticipate future trends and demands.
From our telematics data-set, the largest telematics database in the world, our patented algorithms (with more than 2,000 unique combinations) fuel smart applications that create a seamless and personalized consumer value proposition.
Global leadership in technology and innovation
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Offering breadth - allowing our partners to deliver the full potential of telematics with best in class functionalities and complimentary capabilities. Targeted acquisitions for new geographies and adjacencies
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Scale - millions of connections and the largest global telematics database benefiting from data driven network effects
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Platform - fully modular, and acting as the strategic intermediary hub to connect best of breed players across the industry. Supporting ecosystem and partnerships
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Future Ready - Hybrid IoT, AI and Autonomous driving
Our roots in insurance telematics means that Octo excels in data capture and analysis technology. From the heart of the emerging algorithm economy, we are pioneering end to end solutions for the telematics industry.
Collaboration helps us to achieve excellence
Octo are committed to collecting and sharing industry knowledge to support new developments. We invest heavily in new concepts to innovate products for the future.
We are proud of our partnership with Ohio State University Centre for Automotive Research. Together we are working to the highest engineering standards for our new products and services.
Industry News
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Octo Telematics
"The focus of #insurance will switch from the individual drivers to the autonomous systems made by manufacturers and #technology firms". How will car insurance companies adapt to the autonomous revolution?: https://thenewswheel.com/autonomous-future-brings-changes-in-car-insurance-industry/
Octo Telematics
"Man mano che la tecnologia si integra con i processi assicurativi, il confine tra compagnie assicurative consolidate e startup Insurtech si assottiglia".... I cambiamenti in ambito Insurtech sono all'orizzonte e rendono il panorama insurance dei prossimi anni completamente differente rispetto ad oggi: http://insurancethoughtleadership.com/predicting-the-future-of-insurtech/ #future #thoughtleadership @
