Octo Telematics (Octo), the UK-based global provider of telematics for the auto insurance industry, announced that it has completed its acquisition of the usage-based insurance (UBI) assets of Willis Towers Watson that was announced in October. This acquisition includes Willis Towers Watson’s DriveAbility solution and the DriveAbility Marketplace. Additionally, Geoff Werner, Global Telematics Leader, will join Octo, reporting directly to Fabio Sbianchi, CEO of Octo.
Octo will form a strategic alliance with Willis Towers Watson, focusing on advancing UBI data analytics through algorithms and tools to provide actionable insights to the insurance industry. The alliance will be led by Octo,