OCTO Telematics, the leading provider of data analytics for the insurance sector, smart mobility and fleet management, today announced the opening of a new office in Tokyo, Japan. The new premises are designed to strengthen the company's presence in a strategic center for technology, robotics and automation. The company was already present in Japan with a commercial partnership with Tokio Marine, a leading insurance company in Japan.With this announcement, OCTO expands its global footprint and is now represented in Rome - where the company is headquartered - Boston, London, Paris, Madrid, Stuttgart and Sao Paulo. Tokyo joins the other six offices in Hong Kong and Shanghai. The company's decision to continue investing in Asia underscores that the region is an important growth market for the company.

OCTO's Japanese subsidiary continues to drive the development of the connected mobility market in Japan and surrounding countries, and provides partners with technical and sales support.

Thanks to the new subsidiary, OCTO is consolidating its already established presence in a market that has always been innovative in terms of technology, robotics and automation. In doing so, OCTO contributes to Japan's reputation as a leading manufacturer and exporter of innovative technologies.

The presence of OCTO in Japan creates additional opportunities for the expansion of the core business - advanced telematics and technology solutions for the insurance sector, fleet management and smart mobility - as well as for sales support for existing and new customers.

OCTO has the world's largest telematics database with over 510 billion kilometers driven and 501,000 insurance claims and events analyzed and an operational capacity to manage over 400,000 vehicle rentals per month.

"Founding the new subsidiary in Japan," says Nicola Veratelli, CEO of the OCTO Group, "is not a goal, but a starting point. Our sales abroad are constantly increasing and opening up new markets is of the utmost importance to us. That is why Asia is a key market for us and we expect significant growth and opportunities for cultural exchange in the coming years, with the aim of developing new solutions tailored to the specificities of the market, which will also be the starting point for the development of innovative Solutions could be in other countries where OCTO is already active or will be active soon.”

About OCTO

OCTO has always been at the forefront of innovation in the field of connected mobility. As a pioneer in insurance telematics, the company is now the main provider of advanced telematics and technology solutions also in the fleet management and smart mobility segments, which use machine learning and artificial intelligence to convert IoT data into actionable information.

Leveraging OCTO's expertise, experience of 20 years of global advanced analytics services and M&A strategy, the company drives the value of advanced data analytics, thereby providing end-users worldwide with outstanding customer experience for various mobile applications.

Through various business applications and use cases, OCTO brings telematics to the core of Smart Cities as an advocate of the global goals of sustainability thanks to the OCTO Vision Zero: Zero Crashes, Zero Congestion, Zero Pollution.

OCTO currently has 5.5 million registered users, has the world's largest database of telematics data with more than 510 billion kilometers of driving data collected and over 501,000 accidents and insurance claims analyzed, and an operational management capacity of over 400,000 settings per month.

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Contacts
Contact OCTO Telematics Media
Adriana Zambon
+39 339.3995640

 

Source:businesswire.com

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