Prefix in the name of an eight-armed sea animal
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Last seen on: Daily Celebrity Crossword – 6/13/19 Top 40 Thursday
Random information on the term “Octo”:
Octo Telematics Ltd. was founded in 2002 by Fabio Sbianchi, who is now CEO. Octo is a telematics company that sells products to the insurance and automotive industries by collecting contextual vehicle, location and crash data, as well as driver behavior information to support Usage-based insurance (UBI) policies – also known as pay-as-you-drive.
Octo was established in Italy and entered the UK and US markets in 2011. In May 2015 it moved its headquarters to London. The company has offices in Boston, Rome, Stuttgart, Madrid, and Sao Paulo. Globally, they currently have four million connected users.
Octo delivers services to both insurers and drivers using behavioral, contextual and driving analytics. For validation of their products and services, they work with research institutes like The Ohio State University’s Center for Automotive Research (CAR).
The information that insurers receive from their telematics devices changes the way coverage is priced with policies drawing on data to cost premiums more accurately. The technology is also used to detect insurance fraud, by giving insurers a complete understanding of a crash. If the devices detect a G-force above a certain level, they can automatically trigger a call to check if the driver and any passengers are unharmed, or alert emergency services if needed.