Benefits
Greater accuracy in risk assessment
thanks to a stronger correlation between risk scores and actual claims.
Optimized and personalized pricing
for customers, enabling fairer and more adaptive insurance solutions.
Improved customer experience
with more reliable, data-driven products.
Operational efficiency
supported by a scalable, advanced platform ready to sustain international expansion.
Before
ABAX was looking for a reliable and innovative solution to strengthen its UBI (Usage-Based Insurance) products. During the tender process, the team evaluated several providers with the goal of identifying a technology capable of delivering the highest accuracy in risk assessment and a strong correlation with actual claims. The main challenge was overcoming the limitations of existing solutions, which lacked sufficient precision and scalability to support international growth.
After
Through its collaboration with OCTO, ABAX implemented an advanced AI-driven risk scoring platform, fully device-agnostic and easily integrated into existing systems. This solution provides a more accurate and transparent approach to risk evaluation, improving customer experience and equipping insurers with better tools for dynamic and personalized pricing. By integrating OCTO’s AI capabilities, ABAX is able to offer a cutting-edge insurance proposition based on real driving data and predictive analytics, strengthening its leadership in the Nordic market and across the European smart mobility landscape.
Key Information
Industry:
Telematics & IoT (Smart Mobility for Vehicle, Tool & Asset Tracking)
Region:
EMEA
Clients:
+40.000
“AI and UBI are reshaping the insurance industry, and our switch to Octo ensures we deliver a more reliable, high-quality solution. This upgrade strengthens our commitment to providing trusted, data-driven services for our customers.”
Emma Dyga
CEO of ABAX Group
“By integrating a more advanced and better-suited AI-driven risk scoring solution from Octo, we are delivering improved accuracy, efficiency, and value to Fair and policyholders alike”
Jørgen Oskar Johansson Skalleberg
CEO of Fair
