Blog

  • 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.

  • Biggest Challenges in Implementing Telematics-Driven UBI: Integration

    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.

  • How To Read An Automobile Insurance Policy

    May 16, 2016

    I’m a pretty good husband (well at least that’s what my wife Emily tells me)! As a good husband, I approach any and all undertakings as a partnership. I like to share; that’s what the “good husbands” do, right? Most times, the answer to this is yes…unless it involves insurance.

  • Safety, Security and Telematics in Times of Trouble (PART 2)

    March 4, 2016

    Winter may be almost over for another year, but risky driving is not. Ask most anyone who’s been driving recently along snow and ice covered roads and they’ll agree driving is risky, particularly in winter and during peak driving times when everyone is in a hurry and seemingly not paying proper attention to unsafe road conditions.

  • Why Consumers Will Fall in Love With Connected Cars

    February 12, 2016

    This weekend is Valentine’s Day and love is in the air. In the spirit, we thought we’d share these five reasons why we believe that, despite some initial questions, consumers will fall in love with connected cars this year

  • Happy New Year From Octo Telematics North America

    January 1, 2016

    Here at Octo North America, we have been growing our team and North American presence, including the launch of two new UBI programs, the shipment of more than one million of our award-winning telematics devices, and new partnerships with several U.S.-based research and academic organizations (stay tuned for announcements soon).

  • Four Key Trends In Usage Based Insurance

    December 9, 2015

    Insurance telematics programs have grown at an unprecedented pace in 2015! Through supporting 14 programs in North America, we’ve observed four key trends that have emerged in the Usage Based Insurance (UBI) market.

  • Safety, Security and Telematics in Times of Trouble (PART 1)

    November 25, 2015

    Today, driving comes with significant risk. According to the Association for Safe International Road Travel, nearly 1.3 million people die in road crashes each year (more than 3,000 every day) and an additional 20-50 million are injured or disabled.