Octo Telematics is acquiring the usage-based insurance assets of Willis Towers Watson, including its Drive Ability solution. Following the deal, both parties will work together to develop telematics products while using big data and analytics.
Jonathan Hewett, chief marketing officer at Octo Telematics, told the Post, ‘Telematics is just the starting point, we see huge opportunities within connected insurance as customers become more connected. Our intention is to collect and use data so that we can develop solutions in the connected space, including connected home and pet insurance.’