Octo’s insurance telematics proposition operates where subjective data or data shared belatedly can result in an unprofitable insurance offer.
Insurance Telematics to increase profitability
Risk definition, crash and claims, customer relationship management (CRM): insurers traditionally operate in these three areas, analysing and evaluating risk, managing “bad events” and supporting customers.
These fundamental processes may not perform at the highest level when insurance companies are not capable of collecting and managing the right type of data.
Octo’s insurance telematics proposition operates where subjective data or data shared belatedly can result in an unprofitable insurance offer. OCTO provides objective data, since these are real time collected and based on real risk. Thanks to this new approach, customers become part of the entire insurance process: they constantly interact and contribute to profiling driver behaviour, which allows the insurance company to customize the perfect offer.
As an IoT operator, OCTO collects data through sensors, devices and apps. It’s advanced capability to process data suggests that it operates not only data aggregation but also innovative analysis. OCTO has a deep knowledge of data and arranges them in order to make them instantly available to different users through a standard interface. Data are available offline through a simple server to server FTP connection and through real-time APIs. Real-time APIs are more sophisticated and require development of the interface by the OCTO client.
The ideal insurance portfolio comes from an accurate knowledge of the customer base.Discover More
Anti Theft (SVR)
The Anti Theft System is a crucial tool in order to simplify the claim management process and make it faster.Discover More
Assistance Control Room
OCTO Assistance Control Room provides a 24/7 real-time assistance in case of an accident.Discover More
DriveAbility® is part of the risk management process and represents the most valuable set of indicators to predict the likely loss costs of an individual driver.Discover More
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