# ThingCo

> Next\-generation telematics hardware and software for the motor insurance industry

## At a glance

| Field | Value |
| --- | --- |
| Category | Data & Analytics |
| Type | Solutions Provider |
| Region | EMEA |
| Headquarters | London, England, United Kingdom |
| Founded | 2018 |
| Stage | Growth |
| Employees | 11-50 |
| Funding | Series A |

## Overview

ThingCo is a telematics data platform and hardware provider for P&C carriers, brokers, and MGAs in the motor insurance market. The company supplies connected devices and cloud software that collect and process second-by-second driving data to support underwriting, claims management, and policyholder engagement.

The company's primary product is the Theo device, a self-installing, solar-powered telematics unit that operates without a mobile phone and processes data via ORBIT, a cloud-hosted IoT engine built on AWS serverless infrastructure. The platform delivers driving data in near real-time and integrates with white-labeled management and consumer-facing mobile applications. A next-generation consumer product, TheoPro, is under development and will add HD camera capability and ADAS features.

ThingCo has collected over 4.8 billion data points across 14 insurance partners. The company raised GBP 5M across two rounds, including a GBP 2M extension from BHL (UK) Holdings in July 2025. Founded in January 2018 by Mike Brockman, former CEO of Insurethebox, ThingCo has been recognized in the InsurTech 100 for four consecutive years.

## Products & services

### Theo Device

A self-installing, solar-powered telematics hardware unit for motor insurance programs. The device operates independently of a mobile phone, includes a worldwide roaming SIM, and uses a 208 Hz accelerometer with crash detection capability. Amazon Alexa integration enables real-time voice feedback for drivers. Installation takes under 60 seconds.

**Key features:**

- Solar\-powered with no battery drain
- Second\-by\-second data collection at 1 Hz frequency
- Crash detection with high\-g\-force measurement capability
- Amazon Alexa integration for in\-car voice engagement
- Tamperproof and transferable between vehicles
- No mobile phone required

*Target users:* Carriers, brokers, and MGAs deploying usage\-based or telematics motor insurance programs

### ORBIT Telematics Platform

A cloud-hosted IoT database engine built on AWS serverless infrastructure that processes driving data from connected devices in near real-time. The platform supports billions of records with sub-second end-to-end performance and integrates via secure REST APIs.

**Key features:**

- AWS IoT serverless architecture
- Sub\-second performance at scale regardless of data volume
- Fully encrypted with secure API integrations
- Real\-time risk data delivery
- Scales globally

*Target users:* Insurance carriers and program administrators

### Management Portal

A white-labeled interface for insurance partners to monitor policyholder driving behavior and manage claims workflows.

**Key features:**

- Crash algorithm distinguishing real vs\. false events
- Real\-time accident alerts with FNOL automation \(crash location, G\-forces, liability assessment, pre\-crash sequence\)
- Fraud detection via cross\-referencing customer statements against telematics data
- Third\-party capture support
- Customized reporting and risk identification

*Target users:* Claims teams, underwriters, and insurance operations staff at carriers and brokers

### Customer App

A white-labeled mobile application for end consumers enrolled in telematics insurance programs.

**Key features:**

- Personalized driving scores and journey mapping
- Event tracking and behavioral adaptation tools
- Driver intervention management
- Customer incentive programs

*Target users:* Policyholders on telematics motor insurance programs

### TheoPro \(Upcoming\)

A next-generation consumer telematics product featuring HD camera, ADAS (Advanced Driver Assistance Systems), and road blackspot warnings.

*Target users:* Carriers and brokers requiring advanced driver monitoring capabilities

## Category & focus

- Subcategories: Telematics, Claims Technology, Customer Engagement
- Insurance verticals: P&C Personal, Specialty/E&S
- Target customers: Carriers, Brokers, MGAs/MGUs

## Notable customers

- Acorn Group \-\- UK non\-standard motor insurance provider; three\-year contract renewed 2025 supporting Acorn and Carrot brands
- Insenture Underwriting \-\- powers the "fayre" specialist insurance product for the private hire taxi market
- PolicyWise \-\- telematics integration partner \(2020\)

## Links

- Website: <https://thingco.com/>
- Directory profile: <https://insurtechlist.com/companies/thingco/>
- News: <https://thingco.com/news>
- About: <https://www.thingco.com/about>
- Linkedin: <https://www.linkedin.com/company/thingco>
- Solutions: <https://www.thingco.com/solutions>

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*Last updated: 2026\-06\-08*