Newton, MA (PRWEB) April 28, 2014
Octo Telematics North America, the North American leader in insurance telematics, was named a finalist in two categories for the 2014 Telematics Update Awards. Further, Nino Tarantino, CEO, Octo North America, made the list of finalists for an individual award.
Octo is in contention for the “Best Telematics Safety And Security Technology” award for their class leading Crash and Claims Management Solution. Using Octo’s telematics accident database, the largest of its type in the World, Octo Telematics’ Claims Management Solution utilizes advanced proprietary algorithms to automatically detect crashes. Octo collects, filters and evaluates detailed accelerometer data to help insurance partners assist customers when an accident occurs and in addition help reduce claims cost.
Octo Telematics North America was also nominated for an award for “Best Insurance Telematics Service or Launch”. In a little over two years, some of the largest P/C insurers in both the United States and Canada have selected Octo Telematics North America and are now in full-scale production.
Finally, Nino Tarantino, CEO of Octo Telematics North America made the shortlist for the “Telematics Leadership” Award. Under Mr. Tarantino’s leadership, the company has experienced year over year growth of over 400%, launched programs with 4 of the top 12 P/C providers in the US and the largest provider in Canada. Further, Mr. Tarantino has served as Vice-Chairman of the Connected Vehicle Trade Association, has been featured in numerous publications and is a sought out expert in the field of usage based insurance and telematics.
With over two and a half million active customers, and offices and partners throughout the world, Octo Telematics is an advanced Telematics Service Provider (TSP) to more than 120 outstanding insurance partners, carmakers and rental companies. Founded in Rome in 2002, Octo’s award winning services have achieved widespread acceptance, recently adding more than 151,000 new customers each month and recording, processing and storing more than 72,000 data points every minute. With over 110 Billion data points, Octo maintains the world’s largest insurance telematics statistical database. Through its joint venture with Directed Electronics, the largest designer and marketer in North America of consumer-branded vehicle security and remote start systems, Octo brings to insurers extensive experience with infrastructure, device logistics, installation and client care, enabling best-in-class support across the U.S. and Canada.
Contact: Mike Gabardi, +1 978-360-9747 mike(dot)gabardi(at)octotelematics(dot)com