Octo Telematics

Octo Telematics collects driving and vehicle data and turns it into information that car insurers use to price risk and handle claims. It was founded in 2002 and describes itself as having started the insurance telematics industry.

What Octo Telematics offers

• Data collection — information from smartphone apps, aftermarket devices and connected cars.
• Risk and pricing support — analysis that lets insurers base premiums on actual driving behaviour rather than static factors such as age.
• Crash alerts and reconstruction — support for faster crash and claims handling.
• Customer portals — web tools for insurers to engage policyholders.
• Analytics — machine-learning models built on its driving database.

Who it works with

Auto insurers and their policyholders. The company reported working with more than 100 industry partners and 5,6 million connected users.

Key facts

• Founded: 2002
• Device types: apps, aftermarket devices and connected cars