Maximize your telematics investment with expert guidance
Insurers must maximize the return from their telematics investment. Whether you have an existing usage-based insurance program or are just entering the market, the DriveAbility Consulting team can help you optimize your telematics-based products, services, and pricing models. With DriveAbility Consulting, you get independant guidance and best practices developed over more than 50 telematics implementations on six continents. We can help you get to market faster with an effective telematics program that gets real results.
Why DriveAbility consulting?
DriveAbility consulting services allow you to leverage decades of combined experience to build a telematics program based on best practices and proven results. Having developed the market-leading DriveAbility score, implemented over 50 usage-based insurance programs, and consulted on the most challenging problems facing insurers today, DriveAbility Consulting provides the best foundations for your initiative.
|Global depth and breadth, with local knowledge to support your initiatives|
|Experts with many years of individual experience in insurance telematics|
|Qualified insurance practitioners and thought leaders in the industry|
|Objective and independent advice for any decisions you make on technology or solutions|
DriveAbility consulting domains
Improve pricing, underwriting, and retention processes with insights into data usage and driving behavior.
Identify and collect the data you need now and for the long-term using new approaches for processing and managing data.
Use best practices for developing processes and training people to ensure the success of your program.
Define your strategy, identify tactical actions, and leverage best practices to ensure your program meets your goals.
Build a customer proposition in line with your strategy supported by consumer insights and competitive intelligence.
Leverage our expertise in identifying and vetting new technologies to maximize the benefit from your initiatives.
How are insurance carriers using telematics today? Find out.
Our consulting services
New program consulting
|Go to market quickly leveraging best practices from our experience with 50+ projects|
|Benefit from active program support with experienced project managers|
|Explore new uses for telematics data in insurance, auto, and other industries|
|Gain access to tools and templates designed to fit any project methodology|
|Identify and use of best practices for sales, marketing, and policyholder retention|
|Realize operational efficiencies and improved processes using best practices|
|Optimize claims processes with telematics|
|Improve risk assessment potential leveraging our analytical experts|
Integration with market-leading telematics solutions
Complete telematics solutions
Octo’s market-leading platform-based insurance telematics solutions provide the full set of features and capabilities needed to get to market with a new usage-based insurance product. Our solutions ensure you can price risk better, manage adverse events more efficiently, and engage your policyholder more effectively – resulting in double-digit improvements to your combined ratio.
DriveAbility scoring solutions
Leveraging proprietary tools and techniques, we have created and gained approval for the DriveAbility risk score that ensures carriers can get to market quickly with a telematics-driven score that is highly-predictive of risk and provides a significant improvement to their underwriting results. This simple to integrate score moves beyond pricing, providing insights into driving behavior and giving policyholders targets for improvement.
The DriveAbility Marketplace is a telematics platform enabling insurers to make personalized insurance offers to pre-scored drivers from third party data suppliers. We analyze and score uniform and non-uniform data using the market-leading DriveAbility Score to provide qualified leads for your individualized insurance offers. Octo’s DriveAbility Marketplace removes barriers to new policyholder acquisition, expands insurers’ ability to identify and underwrite drivers, and creates a path for insurers to improve their book of business.