Octo Telematics has reached four million connected users on the road globally.
This announcement comes following a year of new partnerships for Octo, with IBM and The Weather Company for data integration and with General Motors (GM) to provide Usage Based Insurance (UBI) and fleet management solutions to GM’s Onstar customers, demonstrating the company’s growing influence in the connected car space.
Driving data is collected in real time through Octo’s devices and the mobile solution ‘Octo U’.
“The data not only provides actionable data to insurance partners, it gives end users, insurers and fleet managers detailed insight into driving behavior and creates an opportunity for our business customers to improve their financial results and consumers to reap financial rewards through reduced insurance premiums as a result of safer driving," said Fabio Sbianchi, CEO, Octo Telematics.
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