Octo publishes its first Ready for Guidewire accelerator to help
Guidewire customers achieve seamless telematics implementations and
powerful insight for informed solutions
LONDON & NEWTON, Mass.--(BUSINESS WIRE)--Feb. 13, 2017--
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;
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Seamless implementation for telematics and UBI (usage based insurance)
programs; and
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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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170213005557/en/
Source: Guidewire Software, Inc.
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