Blog

  • Podcast: The Age of Usage-Based Insurance

    July 13, 2017

    Middle Market Executive is a podcast series about inspiring business leaders to take a leadership leap and open a new chapter of growth in for their middle-market companies. The series focuses on leadership lessons from the field through interviews with executives at fast-growing companies. Octo North America’s CEO, Nino Tarantino, was recently interviewed for Middle Market Executive. The interview explores …

  • Market Barriers to Insurance Telematics

    June 23, 2017

    In a survey of US auto insurance carrier executives, Octo Telematics identified four perceived external barriers that insurance carriers face when adopting telematics: overly restrictive regulatory environment, prohibitive program costs, low policyholder adoption rates, and finding the right telematics partner. To help you avoid these barriers and more smoothly adopt telematics, we explore each barrier and provide advice on how …

  • The Telematics Opportunity for Commercial Insurers

    May 19, 2017

    The challenges facing small fleets Large fleets have been using telematics to support fleet management capabilities and improve business outcomes for years. There’s good reason – fleets using telematics have reported significant improvements in fleet management efficiency, productivity, and fuel consumption. Small fleets face many of the same challenges as their larger counterparts, including: source Increasing safety Improving productivity Meeting …

  • Together for Safer Roads – Guidelines for Using Technology to Address Road Safety Challenges

    April 24, 2017

    Together for Safer Roads today released Guidelines for Using Technology to Address Road Safety Challenges, a new report designed to identify technology solutions for top road safety challenges and turn the vision of a world where roads are safe for everyone into reality. As a member of Together for Safer Roads, Octo is proud to have contributed to the development …

  • The Benefits of Telematics for Policyholders [infographic]

    March 21, 2017

    The relationship between insurer and insured is evolving, and telematics is driving that change. The benefit of telematics for insurers is already very clear – but what about the policyholder?

  • Using Telematics to Improve Driver Safety

    Improving Driver Behavior Improving road safety starts first with improving drivers’ behavior. According to multiple studies, human error, in part or in whole, contributes to upward of 90 percent of all vehicle accidents. And yet, it has been notoriously difficult to sustainably improve driver behavior because, in general, drivers do not really know if they are good or poor drivers. …

  • Increasing Policyholder Engagement with Insurance Telematics

    February 22, 2017

    Auto insurance has one of the highest Net Promotor Scores™ of any industry, yet nearly all auto insurers struggle to engage with their policyholders in a positive and constructive way. This has contributed to a consumer mindset that the only time to think about insurance is when finding a new insurer or processing a claim. Low engagement, combined with highly …

  • The Case for Telematics in Auto Insurance Claims

    January 20, 2017

    The last century has seen automobiles evolve tremendously, yet auto insurance has been slow to follow suit. Only in recent years have insurers really embraced technology that is influencing the insurance process. Auto telematics is one technology that US insurers have been rapidly adopting, mostly through usage-based insurance programs. Telematics-driven usage-based insurance (UBI) offers major benefits to insurers and policyholders …

  • Biggest Challenges in Implementing Telematics-Driven UBI: Cost

    November 9, 2016

    The need for auto insurers to offer a usage-based insurance (UBI) program is well known. According to the Ptolemus Consulting Group, companies that implement a UBI program experience a five percent reduction in average loss ratios. It is no wonder that most of the leading US insurers already have, or are actively piloting, a program.

  • Biggest Challenges in Implementing Telematics-Driven UBI: Profitability

    The need for auto insurers to offer a usage-based insurance (UBI) program is well known. According to the Ptolemus Consulting Group, companies that implement a UBI program experience a five percent reduction in average loss ratios. It is no wonder that most of the leading US insurers already have, or are actively piloting, a program.