Insurance Telematics Solutions
Find the insurance telematics solutions that drive your business forward
Octo combines the world’s largest driving database with the proprietary algorithms to uncover the answers that help reduce fraud, increase profits and deliver value-added services to your customers.
Drive down costs and increase driver retention
Delivering insurance telematics solutions tailored to you
Octo delivers the insights most relevant to your business. Our insurance telematics solutions feed a comprehensive set of real-time driving data into a proprietary platform that produces the answers you need to drive results.
Improve risk modeling
Provide accurate rates to your customers based on their driving behavior. Our data will give you a more robust customer profile so your drivers can appreciate the benefits of dynamic pricing models. Our UBI scoring solution, DriveAbility, provides a highly predictive insurance telematics score, ensuring you get to market quickly.
- Driver behavior scores
- Risk event and score detection
- Safe driver feedback
- Risk assessment
Reduce costs through
better claims management
Expect to close claims 50-60% faster with Octo Telematics. Our analytics allow for a complete understanding of the accident and damage done to the vehicle, resulting in the reduction of claims processing time, costs and fraud.
- Crash and claims management
- Crash detection and notification
- Proactive FNOL reporting
- Real-time driver assistance
Attract and retain policyholders
Improve your relationship with your customers by offering a new way to communicate. Octo Telematics allows you to be constantly connected with your customers’ vehicles, so you can add value to their service through car health monitoring and crash and emergency notification.
- Vehicle health monitoring and alerts
- Vehicle preventive maintenance monitoring and alerts
- Location and time-based services
- Mobile application
Octo UBI Policy Accelerator for Guidewire PolicyCenter 8.0
Implementing a successful usage-based insurance (UBI) program with Octo is going to take less time than you thought. Octo’s suite of insurance solutions for personal lines seamlessly integrates with Guidewire PolicyCenter 8. Octo’s accelerator extends the native policy management capabilities of Guidewire PolicyCenter 8 to leverage the vehicle and driver data vital to UBI policies.
Octo’s deep integration enables insurers to seamlessly issue, change, cancel, and reinstate UBI policies…right alongside traditional policies. Easily add and remove UBI from a vehicle with the click of a button. Automate the delivery of the telematics device to your policyholder upon policy issue. PolicyCenter users can perform these tasks and more in the familiar PolicyCenter 8 user interface minimizing the time needed for proficiency.
Guidewire customers can review the accelerator details directly in the Guidewire Marketplace.
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