Market Overview

Octo North America Appoints Geoff Werner as Americas' Country Manager to Lead Next Phase of Growth as IoT for Insurance Gathers Pace

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Nino Tarantino, Octo North America CEO, exits

Octo North America, the no.1 provider of insurance telematics to the
Insurance industry, has appointed Geoff Werner as Americas' Country
Manager to succeed Nino Tarantino.

Fabio Sbianchi, Group CEO and co Founder of Octo Telematics said
"Nino started Octo in North America. His entrepreneurial leadership in
our early years helped establish the Telematics industry and create
positive traction in the market. The market is now maturing and we face
a different set of challenges in driving increased adoption together
with industrialised service provision for our customers. As such Nino
has decided to explore fresh challenges and the Board and I wish him
every success in the future."

"I've really enjoyed my time at Octo Telematics where I had the
opportunity to work with a world class team and the decision to leave
was not an easy one," said Nino Tarantino. "My passion is taking
a start-up through hyper growth, and we've done that with Octo North
America, so it's time for me to focus my sights on my next venture."

Insurance Telematics and Connected Car Services are emerging fast in
North America with 2.1m UBI policies according to Ptolemus Consulting.
With the transition from static data-based insights to dynamic data
driven intelligence, Octo has invested substantially in creating a Next
Generation Platform that combines all of the facets required for the IOT
together with use cases dedicated to the insurance, automotive and
mobility industries to drive future growth.

With this in mind, Geoff Werner has been appointed Americas' Country
Manager to lead this next phase of growth in addition to his role as
Vice President DriveAbility & Consulting. Fabio Sbianchi comments "Geoff
is an industry pioneer and since 2008 has led much of the thinking in
the Insurance Telematics space. Octo acquired the UBI assets of Willis
Towers Watson in December 2017 and this appointment begins the process
of fully integrating the Driveability and Consulting team into the Octo
business. Geoff's knowledge of data analytics, scoring and technology
right across the Insurance value chain will allow us to deliver more
value for our customers whilst continuously innovating."

Geoff Werner added "as an Actuary and having spent my career in
the insurance industry, I am incredibly excited by the opportunities in
front of us and the wider transformational impact that data led
analytics is having for our customers. The Octo offering is stronger
than ever and combining our global expertise in crash and claims with
our technology ecosystem will help drive our customers' success."

About Octo Telematics

Octo is the number 1 global provider of telematics and data analytics
solutions for the auto insurance industry. Founded in 2002, Octo is one
of the pioneers of the insurance telematics industry. Today, Octo is the
largest and most experienced insurance telematics company in the world,
transforming auto insurance through behavioural, contextual and driving
analytics for more than 100 partners.

Octo has more than 5.6 million connected users and the largest global
database of telematics data, with over 207 billion miles of driving data
collected and 447,000 crashes and insurance events analyzed (as of 30
June 2018).

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 Rome, with offices in Boston, London,
Stuttgart, Madrid, and Sao Paulo. http://www.octotelematics.com/

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