Business Challenge
ABAX and Fair set out to build a scalable, best-in-class peer-to-peer capability for predictive risk assessment, enabling transparent risk selection and dynamic, fair pricing.
The goal was to expand commercial lines, grow the customer base and scale the UBI offering internationally.
Solution
In partnership with OCTO, ABAX and its affiliates have implemented a fully digital, data-driven, AI-powered insurance system that integrates easily into insurers’ value chains.
The platform delivers:
• Advanced AI-based risk scoring, built on real driving behaviour and enhanced by OCTO’s deep actuarial expertise.
• A solid foundation for dynamic, personalised and fair pricing models.
• Seamless integration with existing systems, ensuring fast and scalable deployment.
Drawing on OCTO’s unmatched know-how in telematics, data analytics and actuarial modelling, this partnership enables ABAX and Fair
to offer a next-generation insurance proposition that combines predictive precision with operational scalability.
It also strengthens their leadership in Europe’s smart mobility and insurance innovation landscape.
Benefits
Targeted Business Impact
Higher scoring accuracy, with a stronger link to actual claims. Smarter pricing and a lower loss ratio, delivering tangible financial benefits.
Customer & Market Value
Greater trust thanks to more transparent and fairer policies. Faster UBI adoption, portfolio growth and expansion of ABAX’s market. Higher loyalty and lower churn through personalised interactions.
Competitive Differentiation
A competitive edge built on OCTO’s advanced analytics and actuarial expertise, combined with ABAX’s telematics leadership. Recognition as innovators in data-driven, customer-centric insurance. A future-ready ecosystem, positioned for sustained growth across Europe.
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-based risk scoring solution from Octo, we deliver greater accuracy, efficiency and value to Fair and to policyholders.”
Jørgen Oskar Johansson Skalleberg
CEO of Fair
“Together with ABAX, we are building a transparent, innovative and fair insurance ecosystem.”
Corrado Sciolla
CEO of OCTO Group
