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Octo Telematics closes deal for certain Willis Towers Watson assets

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Octo Telematics closes deal for certain Willis Towers Watson assets

Octo Telematics, a London-based provider of telematics for the auto insurance industry, has acquired the usage-based insurance assets of Willis Towers Watson Plc.

The usage-based insurance assets include Willis' DriveAbility solution and the DriveAbility Marketplace. Key Willis Towers Watson personnel, including its global telematics leader, Geoff Werner, will join the Octo team as part of the deal.