Octo Telematics

Rome-based Octo Telematics is a provider of telematics and IoT analytics. Within the auto industry, the company’s product offering is further segmented into the provision of telematics solutions to the smart mobility industry, including fleet management services and vehicle sharing, and the insurance industry. Telematics solutions offered to the insurance industry are designed to analyze factors such as driver behavior and distance traveled, as well as vehicle damage to assess claims. In addition, the telematics solution also aggregates this data and scores policyholders, aiding insurers in managing their risk exposure.

As of June 2021, the company had around 6 million users and partnered with more than 100 companies, including insurers such as AXA, Liberty Mutual, and Nationwide, and automakers such as Audi, Toyota, and Mitsubishi. As of the same date, the company claims that it had collected over 280 billion miles of driving data and analyzed over 480,000 crashes and insurance events.