Octo Telematics Team Sponsor of the Pramac Ducati Racing Team
Thanks for taking the time to learn more about Octo Telematics. Octo is passionate about MotoGP™ and excited about the 2015 season.
Octo is also the title event sponsor of the Octo British Grand Prix at Silverstone.
About Octo Telematics
Founded in Italy in 2002, Octo is world’s leading supplier of telematics services for car makers and insurance companies. And we’ve services for bikers too.
Octo’s telematics services are uses by more than 150 customers and over 3.7 million subscribers (June 2015 figures).
We’re headquartered in London, with offices in Rome, Spain, Germany, Brazil and the USA.
Octo’s Products & Services
With telematics applications in motor rental and fleet management, car manufacturing, government sectors, Octo’s services span driving and riding behaviour, crash notification and claims assistance.
Octo data and analytics extract data from systems on board cars and motorcycles allowing insurance, automotive, rental and fleet partners to provide simpler, cheaper and easier customer insurance policies including “pay per use” and “pay as you drive.”
Octo’s Clear Box devices have so far been installed in over 3.7 million cars and motorbikes globally. They’re called Clear Boxes, because they are like black-boxes, but more transparent.
Using Octo’s systems and data, insurers also offer drivers and bikers services like vehicle recovery in case of theft, and information about their driving style.
If there’s an accident, automatic accident detection alerts helps the emergency services to get to victims quicker and reduce injuries. Accident certificates help insurers to back up their client’s version of events and identify fraud.
Octo Rider 1 (for bikers)
Following 13 years’ experience in car telematics, Octo launched technology for bikers with telematics insurance subscriptions in May 2015.
Octo Rider 1 is a compact, low consumption telematics unit with a microprocessor, a high precision 3-axis internal accelerometer, a GSM module with internal antenna and an internal GPS/GLONASS receiver plus rechargeable back up battery. Systems are professionally-installed.
Data collected through the system helps insurance companies define rider insurance rates, manages the costs of claims and fraud, and gives bikers a range of dedicated services.
The 12th round of the 2015 MotoGP™ World Championship, at the Silverstone Circuit on August 28-30 is sponsored by Octo Telematics, the leader in insurance telematics for cars and motorbikes. We have joined forces with Octo to offer MCN readers the chance to win a pair of tickets.
One lucky reader and their guest will get to enjoy the action in style. The prize consists of a pair of Grandstand tickets for a day of your choice of the Octo British Grand Prix (either Friday 28th, Saturday 29th or Sunday 30th August 2015), including an Octo Pramac Racing welcome kit.
Octo Facts & Figures
- Over 3.7 million drivers and riders
- 13 years of flawless execution
- Up to 228,000 data points recorded, processed and stored each minute
2002 – Octo Telematics founded
2009 - Number of insurance companies choosing Octo doubles
2012 - 10 year anniversary
2013 - “The Reliable Way”, a new brand image
2015 – Launch of Octo’s first motorbike telematics product and services