Blog

  • Telematics and claims: the bottom line (infographic)

    May 11, 2018

    For auto insurance carriers, claims account for over 70% of net premiums written. Any reductions that insurers can make to claims costs are critical to improving their combined ratio. Telematics is uniquely suited to address all the major contributors to claims expenses and help insurers achieve sustainable cost reductions. This infographic explores the growing loss ratio challenge auto insurers face …

  • The ideal insurtech stack: new white paper

    April 3, 2018

    Juniper Research, a leading analyst firm in the mobile and digital technology sector, recently released a new white paper entitled A Guide to the Ideal Insurtech Stack, highlighting the critical capabilities every auto insurer needs to consider as part of their digital and process transformation strategy. New insurance products and business models are being brought to market continuously and auto …

  • The many types of telematics-based insurance

    March 7, 2018

    With the majority of millennials interested in a usage-based insurance (UBI) policy, and 84% rating UBI policies as a more fair way to price insurance, telematics represents a major opportunity for insurers. Most US telematics programs offer some variation of a good driving discount program. Telematics can support a much broader range of programs, allowing insurers to profitably enter new …

  • The Next Generation IoT and Telematics Platform [webinar]

    February 16, 2018

    Octo’s Chief Marketing Officer, Jonathan Hewitt and Ovum Principal Analyst Charles Juniper bring you this webinar about the transformative process of building the next generation IoT and telematics platform. During this webinar, you will learn: About Octo’s transformation to the Next Generation Platform (NGP) for Telematics & IoT How we process and analyze data from 5.4 million connected cars every …

  • Octo’s Cletus Nunes addresses the shifting mobility landscape

    January 17, 2018

    Octo’s Cletus Nunes sits down with IoT Time podcast series host Ken Briodagh to talk about the shifting auto insurance landscape. They explore the need for insurers to develop core competencies in data and analytics, how changing mobility habits will impact insurers, and telematics as the foundation for the future of auto insurance. Listen to the full podcast below:

  • Octo Telematics Recaps Momentous Year in North America; Delivers 2018 Insurtech Predictions

    December 20, 2017

    As December winds down, the team at Octo North America wraps up a very successful 2017! It was a busy year for the Company overall, with numerous partnerships, multiple new products delivered, the announcement of a new IoT platform, and the acquisition of Willis Towers Watson, including its market-leading DriveAbility® solution and the DriveAbility Marketplace. Highlights of our year include: February: Octo …

  • Value, Not Discounts, Key to Commercial Lines Telematics

    December 5, 2017

    Over the past year, Octo has seen significant interest in telematics solutions for commercial auto insurance. As insurers start seeing results from their personal auto usage-based insurance programs, they look for new ways to leverage telematics technology. With half of the 13 million commercial vehicles in the US connected via telematics, bringing telematics to commercial auto is a logical next …

  • Together for Safer Roads – Annual Report

    October 27, 2017

    Every business has a stake in road safety. Octo partners with Together for Safer Roads (TSR) and many other private organizations to bring together members’ knowledge, data, technology, and global networks to improve road safety globally and within local communities. Our collective efforts are paying off, as evidenced in TSR’s recently released annual report. Through a TSR and City of …

  • The Anatomy of Octo's Crash Dossier

    October 3, 2017

    At the heart of Octo’s leading crash and claims capabilities is the crash dossier – a compendium of all relevant facts automatically compiled and provided to our insurance partners within minutes of a crash. The Octo crash dossier is a very powerful tool to help you reduce fraud, estimate damages, and accurately assign liability. In this blog post, we deconstruct …

  • 3 Steps Companies Can Take to Solve Road Safety Challenges Using Big Data

    September 28, 2017

    Companies must consider the welfare of their employees, as well as the dangers their fleets could pose to other road users. Together for Safer Roads recently published a great blog post providing companies with three steps they can take to solve road safety challenges. Octo is honored to be used as an example telematics solution for addressing fleet safety issues. …