UK-based Octo Telematics has signed a global partnership with France’s RCI Bank to offer tailored insurance policies to their customers based on Octo’s IOT-enabled Next Generation Platform (NGP). Using
The platform will use Application Platform Interfaces (APIs) and feature modular telematics-based insurance architecture through which partners can avail themselves of any mix of services. The first wave of offerings is built around the more mature set of services related to UBI such as coaching on driving skills, better pricing on insurance premiums powered by telematics data; fleet services such as dashboards which include driving behavior, geo-localization and financial data.