Octo Telematics launches crash management services for the US

Octo Telematics, provider of advanced telematics systems and services to the vehicle and insurance industries globally, is to add specialised crash management services to its Usage Based Insurance (UBI) programs in the United States. Crash management services reduce costs and provide tangible life-saving benefits for drivers, their passengers, and insurance by providing the vehicle’s location for prompt assistance in the event of a crash, as well as detailed crash kinematics and dynamic reconstruction. Vehi
September 6, 2012 Read time: 2 mins
6515 Octo Telematics, provider of advanced telematics systems and services to the vehicle and insurance industries globally, is to add specialised crash management services to its Usage Based Insurance (UBI) programs in the United States.

Crash management services reduce costs and provide tangible life-saving benefits for drivers, their passengers, and insurance by providing the vehicle’s location for prompt assistance in the event of a crash, as well as detailed crash kinematics and dynamic reconstruction.

Vehicle insurance has traditionally been based on the predicted risk of a single driver, his age, type and age of vehicle and claim history. UBI enables actual driving behaviour and verified mileage, as well as detailed crash reports, to be used to provide quicker and more accurate claims and risk assessments to save money.

“We’ve been doing this in Europe for years,” said Nino Tarantino, CEO of Octo Telematics North America. “Claims departments use crash management services to evolve their operating efficiencies while significantly improving their loss ratios. I firmly believe adding these new services to existing UBI programs will catapult the already-growing US market forward.”
Location Based Systems

Related Content

  • Transport Systems Catapult boss: ‘We can’t build our way out of congestion’
    March 4, 2019
    The UK Transport Systems Catapult’s CEO Paul Campion talks to Colin Sowman about helping companies develop tomorrow’s solutions – and explains why you can never build your way to empty roads The future of mobility is going to be driven by services.” That’s the opening position of Paul Campion, CEO of the Transport Systems Catapult (TSC) – the UK government organisation set up to help boost transport-related employment and the economy. Campion was previously with IBM and describes himself as a ‘techno o
    Read More
  • CRASH aids crash reduction
    August 6, 2014
    Announcing a decrease in traffic fatalities in Tennessee, US, earlier this year, the Tennessee Department of Safety and Homeland Security indicated preliminary figures of 988 traffic fatalities in 2013, a 2.7 per cent decrease compared to 2012, when there were 1,015 traffic fatalities. At the same time, Tennessee Highway Patrol (THP) Colonel Tracy Trott said: “In 2014, we will employ a predictive analytics model to look even more closely at where traffic crashes are most likely to occur and deploy our res
    Read More
  • FDOT to rebuild major segment of I-4
    September 10, 2014
    US transportation secretary Anthony Foxx has announced a Transportation Infrastructure Finance and Innovation Act (TIFIA) loan of US$950 million to help pay for the reconstruction and widening of 21 miles of Interstate 4 in metropolitan Orlando, Florida. This is the largest loan the Department has awarded to a public-private partnership (P3). When completed, the project will relieve congestion in one of the country's most heavily-travelled areas. Known as the I-4 Ultimate, the project is part of the 54-y
    Read More
  • We need to talk about AVs
    October 15, 2021
    Will driverless vehicles lead to more deaths and destroy more lives than their manual counterparts? Transport writer Colin Sowman argues that they will
    Read More

Highlighted Content