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Octo Telematics buys Willis’ UBI branch, moves closer to analytics

Octo Telematics has acquired the usage based insurance (UBI) department of Willis Towers Watson, in a move to move away from hardware and into analytics offerings. Targeting insurers, Willis Towers Watson’s DriveAbility platform, which aggregates telematics data, will now be integrated into the data platform Octo launched earlier this year called Next Generation Platform (NGP). The move away from aftermarket hardware comes at a time when most automakers are now selling their vehicles with embedded telematics systems, which is already leading to a decline in demand for aftermarket versions. This does not mean to say that the aftermarket telematics sector will be completely dissipated by the trend, as there will always be those consumers that are looking for a simple…

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