Octo Telematics, a London-based global provider of telematics and data analytics solutions for the auto insurance industry, has joined Guidewire Software’s (Foster City, Calif.) PartnerConnect Alliance of vendor partners as a Solution Partner. Octo has also completed the the Ready for Guidewire accelerator validation process and is eligible to use the Ready for Guidewire validation mark, verifying its solutions’ readiness for integration with Guidewire InsuranceSuite products. Guidewire and Octo plan to expand their alliance, with Octo building additional accelerators for Guidewire customers over time.
“Octo Telematics brings a unique offering to Guidewire PolicyCenter customers, enabling them to avoid implementation challenges typically associated with the integration of an insurance telematics program,” comments Nino Tarantino, CEO, Octo North America. “With Octo’s accelerator, both large and small insurance companies can quickly harness the power and value of a telematics program, and benefit from the data analysis of the largest and most experienced telematics provider in the world. As a result, insurers will have access to the power of the IoT to improve customer service, engagement, retention and loyalty.”
Octo’s ‘Ready for Guidewire’ accelerator is designed to enable what the vendor characterizes as seamless implementation for telematics and UBI (usage based insurance) programs; and an instantly available, full suite of telematics tools: UBI, driving behavior analysis, vehicle health, and location based services.
‘Enormous Experience’ in Behavioral, Contextual and Driving Analytics
“The Ready for Guidewire program offers partner-built, Guidewire-validated accelerators that help reduce core system integration timeframes for our insurance customers,” comments Becky Mattick, director, Global Solution Alliances, Guidewire Software. “Octo has enormous experience in transforming motor insurance through behavioral, contextual and driving analytics. They can deliver powerful insight into driver risk, as well as value-added services such as crash and claims support, vehicle health and location-based services, that benefit both insurers and their policyholders.”