Octo telematics, the rome-based provider of telematics and records analytics solutions for the car coverage industry, has partnered with qualitas, mexico’s biggest car insurer with operations at some point of mexico, latin the us and the usa.
Qualitas, which has extra than four million insured motors, will paintings with octo to increase the telematics marketplace in mexico by leveraging octo’s using behavior analytics within the industrial strains space.
Octo will supply qualitas with fleet telematics as it expands its business offerings during mexico with a brand new program, to be had to its customers in early 2019. This system will include threat control and asset utilization with the aid of leveraging motive force behavior facts, defined octo telematics, explaining that qualitas’ business fleet clients can be able to tune motors always, better serve customers with correct and shrewd logistics, improve driving force safety and prevent injuries.
“as the biggest auto insurer in mexico, qualitas changed into a herbal in shape for us as a accomplice, as we preserve to guide the boom of ubi and telematics within the u . S . A .,” said geoff werner, the usa’s u . S . Manager at octo telematics, which has an office in newton, mass.
“octo’s years of collecting, dealing with and turning in records, understanding the insurer to insured relationship in one-of-a-kind countries – and a way to increase an insurer’s cost proposition – method that we will fast combine and roll out a program for them that fits their desires. We’re excited to see how it expands their cost proposition to policyholders,” introduced werner.
Octo said its marketplace share of energetic utilization-based totally coverage (ubi) policies, mixed with its ability to provide each facts and actionable insights to the insurance enterprise, will allow qualitas to keep its coverage management position.
“the capability to permit our business vehicle clients to better care for their employees and fleets is an thrilling proposition that suits with our mission to provide them greater benefits – together with assured best and efficiency,” said margarito villas, director of risk prevention at qualitas.
“octo’s renowned, worldwide management in amassing and studying telematics facts to enhance insurer operations, income and cost proposition become very attractive to us,” brought villas. “with octo, we can hold to improve customer loyalty, trust and retention. Octo became the apparent choice for our desires, and we are confident that our customers will rapidly undertake this software and notice additional value in us as their insurer.”
“the insurtech industry’s virtual footprint is turning into wider and we don’t forget ourselves a market leader in this progressive push,” stated pilar moreno, technical director, qualitas. “working with marketplace-main companions consisting of octo telematics guarantees that we have the quality technology to help our customers as the internet of things, records and analytics remain game changers for our customers. We are confident in operating with octo, given their storied records in these areas.”
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