OCTO Telematics announced an agreement with Ford Motor to extend its data streaming partnership into Europe.
This builds on the initial agreement signed in the North American market in July last year. By leveraging Ford’s connected vehicle data, OCTO will enhance its market proven telematics services in insurance and analytical services in the UK, Italy, Germany, France and Spain.
OCTO will integrate Ford’s data with its existing data sources. OCTO’s market leading Telematics powers 43.5 percent of European Usage Based Insurance (UBI) policies.
“OCTO telematics technology will enable our customers to benefit from the most accurate, value for money insurance policies in the market,” Mark Harvey, Director, Enterprise Connectivity, Ford of Europe said.
OCTO’s Telematics has over 5.5 million connected users and the largest database of vehicle telematics data in the world, with over 303 billion miles of driving data collected and 493,000 claims and insurance events analyzed. It also manages over 400,000 vehicle rentals per month.
