Driving value through insurance IoT and analytics
IoT and big data analytics are the most important innovations impacting the insurance, automotive, and mobility industries. Octo enables insurance innovation and digital transformation that drives new revenue, improves risk assessment, reduces claims costs, and enhances policyholder engagement.
Insurance
Improve your loss ratio through insurance telematics
Octo’s insurance IoT platform is custom-built to help insurers leverage IoT data to more accurately assess policyholder risk, reduce claims costs, and enhance policyholder engagement. Octo’s insurance solutions leverage this platform to deliver cutting-edge telematics programs across property and casualty insurance industry verticals, including marketing-leading auto insurance telematics programs – resulting in significant improvements to your combined ratio.
Octo’s platform and data analytics solution can improve your product offerings and enhance profits.
Automotive
Maximize the return from your connected car investment
Octo’s platform helps automotive OEMs profit from their investment in connected car and related technologies through insurance-related services. Octo’s technologies enable value-added services that drive retention and help you sell more vehicles. Octo’s integrated insurance telematics solutions and contextualized driving behavior-based CRM programs for connected cars give our automotive business partners unrivalled access to insurers globally.
Octo’s platform helps you can increase service-based revenue and win customer loyalty.
Mobility
Innovative solutions for your shared mobility needs
Octo offers an end-to-end platform that enables the creation of powerful mobility solutions including vehicle sharing, enhanced vehicle management, and insurance telematics. From a single platform, companies can deploy efficient corporate car sharing programs, enable employee carpooling, and manage their fleets more effectively.
Octo’s platform is your shared mobility business enhancer.
Drivers
Reduce accidents and reward safe driving
Octo’s solutions help people become safer drivers through personalized driving feedback and enable the creation of more fair pricing models that help safe drivers save money on their policy premiums. Insurance carriers have leveraged Octo technology to detect and analyze over 456,000 crashes, providing peace-of-mind to their policyholders and improving claims processes.
Talk to one of our insurance partners today to find out how Octo’s technology could lower your insurance premium and help make you a safer driver.
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