The firm, which claims a 36% of the market in terms of active Usage Based Insurance (UBI policies, has signed a number of new partnerships over the last year, including with General Motors to provide UBI and fleet management solutions to GM’s Onstar customers.

Fabio Sbianchi, CEO, Octo Telematics, said: “Four million connected and active global users is a huge milestone for our business – it demonstrates the depth of our international reach and the growing demand for our technology. We have seen tremendous growth in the telematics industry in recent years, as insurers and consumers become increasingly aware of the value and benefits it offers.”

Octo’s Insight Centre has collected 380 billion km of driving data and analysed 265,000 crashes to deliver comprehensive insight to its insurance partners.

Mr Sbianchi added: “The data not only provides actionable data to insurance partners, it gives end users, insurers and fleet managers detailed insight into driving behaviour and creates an opportunity for our business customers to improve their financial results and consumers to reap financial rewards through reduced insurance premiums as a result of safer driving.”

Usage Based Insurance (UBI) telematics solutions are gaining traction in markets around the world. According to insurance research specialist SMA, approximately 36 percent of all auto insurance carriers are expected to use telematics UBI by 2020.