Report: Accelerating Digital Transformation in Insurance
Digital Platforms and Business Excellence
Digitalization is enabling new products, services and business models and driving many organizations to develop digital platform strategies capable of fully reaping the opportunities provided to extend their value chains and create new business models.
Octo is honoured to have created a newsletter on "Accelerating Digital Transformation in Insurance” featuring Gartner research.
The newsletter focuses on our newly-released insurtech ecosystem, the Next Generation Platform (NGP) and its ability to address common challenges faced by insurers seeking to realise the tremendous opportunities provided by increased digitalization.
Octo is also honoured to be recognised in the August 2017 Gartner Report on “How to Achieve Digital Business Excellence by Mastering Pervasive Integration,” which was presented at the Gartner Symposium in Orlando, Florida (October 2, 2017).
The Insurance Industry
The insurance market has changed dramatically over the last five years and even greater change is expected in the short term. In particular, major trends in the insurance industry (but not only) will feature a further sophistication in the use of data; a blurring of the lines between software, hardware and markets, towards smart and connected environments; and the continued development of new services and products by both the technology and automotive sectors, which will become increasingly involved in providing new solutions.
Octo's capabilities span across several sectors: from connected cars to aftermarket "black boxes" and smartphone apps. Octo expertise is based on the hundreds of projects it has developed around the world, custom-tailored to the different market contexts, and specific customer strategies.
Octo collects contextual vehicle, driver, location and crash data and applies proprietary algorithms to transform it into the “actionable intelligence” that is at the basis of modern insurance solutions, providing benefits and new services both to auto insurance providers and their clients.
For further information:
- “Accelerating Digital Transformation in Insurance" newsletter
- Press Release
- Barcelona Gartner Symposium/ITxpo 2017
- Gartner Case Study