Advancing beyond the ‘black box’, the 360° value of telematics

Shayne Brown Blog

Advancing beyond the ‘black box’, the 360° value of telematics. There has traditionally been an ambiguous relationship between employers and employees when it comes to using work vehicles as personal transport. This has largely been down to the difficulty in easily and quickly understanding how the vehicle is being used and then being able to calculate liability. However, telematics has advanced beyond …

Combating distracted driving through telematics

Peter Bretton Blog

Distracted driving caused an estimated 40,000 fatalities in 2017 alone. Every one of those deaths was preventable. Octo is committed to helping insurers take the lead in eliminating distracted driving through telematics. Our new infographic explores the causes, costs, and potential solutions of distracted driving. Click to enlarge Octo provides a full suite of insurance telematics solutions, all fully equipped …

The Shared Mobility Future

Shayne Brown Blog

Reinventing Mobility Transportation is essential to economic and social development as it facilitates the movement of people and goods. However, burgeoning populations and growing urbanisation paralleled by the surging demand for mobility has overburdened transport networks, particularly in urban areas. Such pressures have also intensified problems related to pollution and congestion. New mobility business models, enabled through technology and accessed primarily through smartphones, have …

Telematics and claims: the bottom line (infographic)

Peter Bretton Blog

For auto insurance carriers, claims account for over 70% of net premiums written. Any reductions that insurers can make to claims costs are critical to improving their combined ratio. Telematics is uniquely suited to address all the major contributors to claims expenses and help insurers achieve sustainable cost reductions. This infographic explores the growing loss ratio challenge auto insurers face …

The Future of Agriculture

Shayne Brown Blog

Telematics and digital tools are profoundly transforming agriculture The world population is currently increasing by nearly 83 million individuals a year. It is expected to increase to 9.8 billion in 2050 and reach 11.2 billion by 2100, according to a report published by the United Nations Department of Economic and Social Affairs (2017 Revision of World Population Prospects – June 21, 2017). The rapidly growing global population, …

The ideal insurtech stack: new white paper

Peter Bretton Blog

Juniper Research, a leading analyst firm in the mobile and digital technology sector, recently released a new white paper entitled A Guide to the Ideal Insurtech Stack, highlighting the critical capabilities every auto insurer needs to consider as part of their digital and process transformation strategy. New insurance products and business models are being brought to market continuously and auto …

The many types of telematics-based insurance

Shayne Brown Blog

With the majority of millennials interested in a usage-based insurance (UBI) policy, and 84% rating UBI policies as a more fair way to price insurance, telematics represents a major opportunity for insurers. Most US telematics programs offer some variation of a good driving discount program. Telematics can support a much broader range of programs, allowing insurers to profitably enter new …

The Urban Future

Shayne Brown Blog

The smart cities of tomorrow will be composed of vertical communities Our cities have become hotbeds of technology. Smart city infrastructure is – or will very soon be – connected to intelligent vehicles and millions of mobile devices through the vast capillary network of the Internet of Things. Self-driving vehicles are just around the corner. Telematics projects are being developed to help visually-impaired citizens use …

The Next Generation IoT and Telematics Platform [webinar]

Peter Bretton Blog

Octo’s Chief Marketing Officer, Jonathan Hewitt and Ovum Principal Analyst Charles Juniper bring you this webinar about the transformative process of building the next generation IoT and telematics platform. During this webinar, you will learn: About Octo’s transformation to the Next Generation Platform (NGP) for Telematics & IoT How we process and analyze data from 5.4 million connected cars every …

Green Robotics

Shayne Brown Blog

Robot-plant bio-hybrids may ensure the sustainable development of smart cities While, for many, the past will always hold the appeal of a life that was simpler and closer to nature, the progress of science and technology has allowed mankind to significantly extend the lifespan of its species over the course of just a few generations. Illnesses that were once mortal …