Insurance Telematics

Most car insurance premiums today are calculated simply by type of vehicle, horsepower, sales price, age and sex of the driver, and where he or she lives. Telematics applications give insurance companies a far broader range of tools to optimize their risks, strengthen their brand, and be more competitive. With telematics it becomes possible to apply new insurance models like "Pay-Per-Use" or "Pay-As-You-Drive." Generally all kinds of usage based insurance can be applicable wherever there are specific risk groups or a special market is on the watch list of an insurance company.

To provide effective risk management, Octo Telematics offers other invaluable features like stolen vehicle recovery, automatic crash notification (eCall) and crash data recording, to minimize both direct and indirect costs. Having access to vehicle-specific data from telematics applications is very powerful to help insurance companies fight fraud. In addition, Octo Telematics' unique infrastructure also supplies general anonymous data about driver behaviour and supports insurance actuaries with in depth statistical information.

Octo Telematics is already working with more than 30 insurance companies and 680.447 customers. This number is growing by far more than a thousand customers every day.