Insurance analytics and IoT solutions


Insurance telematics solutions that improve your loss ratio

Insurance telematics solutions


Personal
insurance telematics

Personal insurance telematics solutionsExplore solutions

Commercial
insurance telematics

Personal insurance telematics solutionsExplore solutions

Risk
scoring services

Personal insurance telematics solutionsExplore solutions

Telematics
data marketplace

Personal insurance telematics solutionsExplore solutions

Consulting
services

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Improve risk assessment

Telematics data provides a step-change improvement in risk assessment over traditional factors that are largely proxies for how, how much, when, and where vehicles are operated. Our risk assessment model, the DriveAbility Score, leverages real claim data and the world’s largest telematics database, to significantly improve model predictiveness. The DriveAbility Score allows you to go-to-market quickly with an effective risk score is used by insurance carriers globally.

Explore the DriveAbility Score
 

Improve risk assessment

Telematics data provides a step-change improvement in risk assessment over traditional factors that are largely proxies for how, how much, when, and where vehicles are operated. Our risk assessment model, the DriveAbility Score, leverages real claim data and the world’s largest telematics database, to significantly improve model predictiveness. The DriveAbility Score allows you to go-to-market quickly with an effective risk score is used by insurance carriers globally.

Explore the DriveAbility Score
 
 

Reduce claims costs

Our platform revolutionizes the claims process by identifying when a crash has occurred, reducing the time to first notice of loss (FNOL) and providing the critical data needed to process a claim. Using more accurate risk profiling of prospective customers provided by the DriveAbility Score allows for better segmentation and selection of risk, leading to lower claims frequency. Crash reconstruction capabilities result in an improved understanding of an accident, allowing insurers to accurately assign liability and responsibility while helping combat fraud.

Personal lines solutionsCommercial lines solutions

Engage customers effectively

Telematics allows insurance carriers to develop personalized insurance policies tailored to the needs and driving styles of individual policyholders. Octo can help enhance the value of an insurance carrier’s policies with a broad range of services such as stolen vehicle recovery, vehicle diagnostics, driving style feedback, and emergency response services. Octo’s platform supports more frequent and personalized conversations with policyholders that enable transformational loyalty and retention strategies.

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