Hastings partners with Octo
- 26 March 2015
- Posted by: Alan Feldberg
- Category: News
Hastings has chosen Octo to provide the telematics technology for its Hastings Direct SmartMiles young driver insurance product, Insurance Times has reported.
Under the three-year agreement, Octo will provide Hastings with a complete telematics solution, including a scoring algorithm.
Octo will also provide the telematics device and manage the installation within SmartMiles customers’ vehicles.
SmartMiles telematics director Ben Tomasetti said, ‘Octo has a great track record and presented us with not just a telematics solution, but also great insight into how we can utilise the vast amounts of data that the black-box delivers using its advanced analytical capabilities.
‘As SmartMiles continues to grow, it’s essential that we have a telematics provider onboard like Octo that invests in relationships and can deliver a clear roadmap of innovation and development.’
Octo UK managing director Martin Williams added, ‘Working with SmartMiles is a great endorsement of the work that Octo undertakes for insurers and intermediaries and we look forward to supporting the growth plans for this forward thinking brand.’