Guidewire Software Announces Octo Telematics as New Solution Alliance Partner
Octo publishes its first Ready for Guidewire accelerator to help Guidewire customers achieve seamless
telematics implementations and powerful insight for informed solutions
Octo Telematics (“Octo”), a leading global provider of telematics and data analytics solutions for the auto insurance industry,
and Guidewire Software, Inc. (NYSE: GWRE), a provider of software products to general insurers, today announced that Octo has
joined Guidewire PartnerConnect™ as a Solution Partner. The companies also announced that Octo’s accelerator has
successfully completed the Ready for Guidewire accelerator validation process and is eligible to use the Ready for
Guidewire validation mark. This designates that the offering has been through a rigorous review process that supports readiness
for integration with Guidewire InsuranceSuite™ products. Guidewire and Octo plan to expand their alliance, with Octo building
additional accelerators for Guidewire customers over time.
Octo is providing a Ready for Guidewire accelerator to make it easier for any insurance company using Guidewire
PolicyCenter® for policy administration to integrate with Octo’s solutions, reducing implementation time and effort, thereby
lowering project costs. Insurers can stay focused on customer service and the business of insurance rather than the IT work
surrounding insurance telematics integration. A majority of Octo’s global insurance partners already use or plan to use Guidewire,
so the accelerator will facilitate the integrations between their UBI programs and Guidewire.
“Octo Telematics brings a unique offering to Guidewire PolicyCenter customers, enabling them to avoid implementation challenges
typically associated with the integration of an insurance telematics program,” said Nino Tarantino, CEO, Octo North America. “With
Octo’s accelerator, both large and small insurance companies can quickly harness the power and value of a telematics program, and
benefit from the data analysis of the largest and most experienced telematics provider in the world. As a result, insurers will
have access to the power of the IoT to improve customer service, engagement, retention and loyalty.”
Octo’s ‘Ready for Guidewire’ accelerator will continue to evolve and currently supports insurers by enabling:
- Increased speed to market;
- Seamless implementation for telematics and UBI (usage based insurance) programs; and
- An instantly available, full suite of telematics tools: UBI, driving behavior analysis, vehicle
health, and location based services.
“The Ready for Guidewire program offers partner-built, Guidewire-validated accelerators that help reduce core system
integration timeframes for our insurance customers,” said Becky Mattick, director, Global Solution Alliances, Guidewire Software.
“Octo has enormous experience in transforming motor insurance through behavioral, contextual and driving analytics. They can
deliver powerful insight into driver risk, as well as value-added services such as crash and claims support, vehicle health and
location-based services, that benefit both insurers and their policyholders. We are pleased to welcome Octo as an alliance partner
and to provide Ready for Guidewire designation for the Octo Integration for PolicyCenter accelerator. We thank them for
their participation in this program.”
About Octo Telematics
Octo is one of the largest global providers of telematics and data analytics solutions for the auto insurance industry. Founded
in 2002, today Octo is the largest and most experienced insurance telematics company in the world, transforming auto insurance
through behavioral, contextual and driving analytics for more than 60 insurance partners. Octo has more than 4.8 million connected
users and one of the largest global databases of telematics data, with over 146 billion miles of driving data collected and 379,000
crashes and insurance events analyzed (as of December 31, 2016). Octo applies proprietary algorithms to this market-leading
database to deliver powerful new insights into driver risk, informing solutions that benefit both auto insurance companies and
policyholders.
The company is headquartered in London, with offices in Boston, Rome, Stuttgart, Madrid, and Sao Paulo. For more information,
visit www.octotelematics.com or follow us on Twitter: @octousa @octotelematics.
About Guidewire PartnerConnect and Ready for Guidewire
Guidewire PartnerConnectTM is a global network of select partner companies that provide consulting services and
solutions to enhance, extend, and complement the capabilities of Guidewire products. Our worldwide partner community helps
contribute to the success of our mutual customers in the general insurance industry by delivering Guidewire software
implementations, value-add solution and technology offerings, and guidance on insurance industry best practices.
Ready for Guidewire accelerators developed by PartnerConnect Solution members have been rigorously reviewed by
Guidewire, adhere to Guidewire software design principles, and meet established criteria. The accelerators are published on
Guidewire Marketplace and are available for download by Guidewire customers at no charge.
Guidewire PartnerConnect is an invitation-only program. For more information about Guidewire PartnerConnect please visit
www.guidewire.com/partners/.
About Guidewire Software
Guidewire delivers the software that general insurers need to adapt and succeed in a time of rapid industry change. We combine
three elements – core processing, data and analytics, and digital engagement – into a technology platform that enhances insurers’
ability to engage and empower their customers and employees. More than 260 general insurers around the world have selected
Guidewire. For more information, please visit www.guidewire.com. Follow us on twitter: @Guidewire_PandC.
NOTE: Guidewire, Guidewire Software, Guidewire ClaimCenter, Guidewire PolicyCenter, Guidewire BillingCenter, are registered
trademarks of Guidewire Software, Inc. in the United States and/or other countries.
Octo Telematics North America
Christine Perkett, 617-504-8687
Octo Marketing
press.usa@octotelematics.com
or
Guidewire Software
Diana Stott, +1 650-356-4941
Director, Communications
dstott@guidewire.com
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