Insurance Telematics Solutions for Personal Auto
Usage-based insurance programs that drive down combined ratios
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.
Improve your personal lines combined ratio
Our insurance telematics solutions and proprietary analytics deliver more than just data. They provide powerful new insights into actual driving behavior and associated risk, improving your combined ratio and driving your business forward.
Price risk better
Octo’s insurance telematics solutions utilize the market-leading and approved DriveAbility® Score, providing a step-change improvement in risk assessment over traditional factors.
Engage customers effectively
With increased customer engagement, more transparent pricing, an improved claims experience, and value-added services, our telematics solutions improve policyholder acquisition and retention.
Improve loss management
Our proprietary crash detection algorithms deliver insights to streamline your claims process, minimize fraud, reduce loss costs, and improve driver safety in the event of an accident.
Find out how Octo developed the world’s most predictive telematics score
Safer drivers. Better insurance.
Digital Driver transforms smartphones into a complete telematics and behavioral analytics solution proven to make drivers safer. Digital Driver provides actionable into driver behavior and risk to help insurers improve customer engagement, reduce their combined ratio, and make drivers safer.
This fully-modular solution transforms drivers’ smartphone into a telematics device enabling a portfolio of new services. Digital Driver is a deeply flexible solution and can leverage smartphone sensors as a stand-alone solution or pair with a device for expanded use cases.
Driving behavior and habits
Allow customers to see their driving behaviors and habits through dashboards and maps. By leveraging Octo’s DriveAbility Score, policyholders will get deep insights into how safe they are driving.
Provide constructive feedback to your policyholders to help them driver more safely. Risky driving alerts, educational articles and videos, and self-assessments help improve driving behavior.
Crash detection and reporting
Leveraging Octo’s proprietary crash detection, validation, and reconstruction system, this module allows you to provide crash-related services to your policyholders. In the event of an accident, you can provide emergency services, roadside assistance, and transportation options directly in the Digital Driver app.
Loyalty and rewards
Incentivize safer driving with loyalty and reward programs tied to safer driving. Whether you build your own or leverage a third-party program, this module helps your drivers sustain improvements from driving feedback.
Community challenges and leaderboards
By leveraging the power of social interaction, this module incentivizes policyholder to drive safer and sustain their improved driving habits to conquer community challenges or scale leaderboards
Notifications and alerts
Monitor the driving habits of new drivers through geofences, curfews, and alerts. This module allows for the creation of custom notifications based on driving behaviors such as location, time, or score. Parents can monitor their teens driving to ensure they are learning habits that help them stay safe.
Personal auto insurance telematics solutions
Glimpse is the entry-level smartphone-based telematics solution that utilizes the Octo mobile app to monitor and score driver behavior. It provides insurers with the capabilities needed for driver behavior scoring, usage-based insurance (UBI), and value-added policyholder services. Glimpse is the smartphone insurance telematics solution designed to improve your personal auto lines profitability.
Vantage is the smartphone-based telematics solution that utilizes the Octo mobile app and a smart tag to monitor and score driver behavior. It provides insurers with the capabilities needed for usage-based insurance (UBI), distracted driving monitoring, crash and claims management, and value-added policyholder services while avoiding the lost trip and smartphone battery issues inherent in smartphone-only programs. Vantage is the smartphone insurance telematics solution designed to improve your personal auto lines profitability.
Surround is the robust in-vehicle insurance telematics solution that creates a truly connected car. Not dependent on a smartphone, it provides insurers with the capabilities needed for driver behavior scoring, usage-based insurance (UBI), crash and claims management, vehicle health monitoring, and value-added policyholder services. Surround is the insurance telematics solution designed to improve your personal auto lines profitability.
UBI data collection and scoring (more details)
Value-added policyholder services (more details)
Crash and claims management (more details)
Vehicle health (more details)
How are your competitors using telematics? Find out.
Integration with market-leading telematics solutions
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.
DriveAbility consulting services
When bringing a usage-based insurance product to market, you need to get to market quickly with a solution that improves your combined ratio. The DriveAbility Consulting team can help you develop a new usage-based insurance program or optimize your existing program by leveraging expertise developed over more than 50 telematics implementations on six continents.
Octo is your trusted partner in telematics. We have the technical and industry experience to get you up and running quickly with a right-fit solution backed by end-to-end integration, logistics, and support.
Product implementation and management
We’ll use our years of experience in designing, implementing, and managing telematics programs to help you anticipate and overcome challenges, laying the groundwork for your success.
Device logistics and management
We manage the entire device lifecycle – handling shipping, support, and service so you don’t have to. Octo’s device management capabilities free up your team to do what it does best: manage risk.
Robust customer engagement programs
We work with you to build high-impact, customized customer engagement programs with policyholder websites, mobile apps, and email communications tailored to your brand.