Octo Telematics and Willis Towers Watson (WTW) have reached an agreement in which the former will acquire the latter’s usage-based insurance (UBI) assets, setting the stage for the two companies to work together on more auto telematics opportunities.
Led by Octo and guided by an advisory board, “the partnership will focus on further development of algorithms and other analytical tools to provide actionable intelligence based on accurate analysis of data,” Octo reports.