IoT Solution Set to Save Teens Lives

By Ken Briodagh May 06, 2015

Octo Telematics announced on May 5 that it has created a new automotive telematics platform, called Try&Drive. The new platform has been chosen by Rockingham Group insurance company for its teen driver program, set to launch later this year.

The Try&Drive platform is designed to enable insurance companies to quickly and easily create a telematics program for customer’s vehicles that would be easy to install and simple to implement.

This white-labeled product leverages Octo’s experience creating similar custom programs for large insurance companies. Although Try&Drive is tailored for smaller insurers, it is still based on the company’s custom platforms. It will ease many of the challenges associated with creating an insurance telematics program, allowing the customers to focus on their core businesses and avoid the hassles of managing Usage-Based Insurance design and implementation. Included in the platform are: devices, actuarial grade data, driver and contextual level data, M2M systems integration, driving score and discount, CRM, logistics and shipping, customized website and mobile application, telecommunication, back-end portal, ticketing, reporting, training and full-program support.

“In response to market demands from small to mid-sized insurance carriers, we wanted to create something based on our proven telematics platform that could be implemented quickly and easily,” said Nino Tarantino, CEO, Octo Telematics North America. “Our Try&Drive platform was designed to contemplate all aspects so that insurers can quickly and affordably launch UBI programs.”

The first customer to announce its intention to use the platform is Harrisonburg, Virginia-based Rockingham Group. It will create a solution that will give teens insight into how they drive, how they could be safer and promote safety.

“After several months of testing multiple solutions, we selected Octo because of its history, expertise and leadership within insurance telematics. The Try&Drive platform is easy to use and was the best solution available for our customers,” said Robert Lyon, President and CEO, Rockingham Group. “We are extremely excited to leverage Try&Drive to help our youngest customers become safer and smarter drivers and to further deliver on our promise to protect what’s most important to our policyholders.”

Vroom, vroom. 

Edited by Dominick Sorrentino
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