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  • INSURANCE TELEMATICS

    DriveAbility

    Scoring at its highest level

    Adding value to risk management

    OCTO added the DriveAbility® score to its portfolio – including data, people and process – in late 2017, using actual claims experience from a pool of insurers. 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. The end user output results in a final value (score), which can determine the profiling based on the accident risk factor.

    DriveAbility® is based on actuarial science and it extends the level of knowledge and precision adding the use of actual insurance claim and policy data and external data such as road type, weather, and congestion.

    Several solutions to fit everyone

    With DriveAbility®, OCTO offers a bundle of solutions that let insurers choose between a single source supplying data collected through OCTO devices and sensors that can be tuned or developed on their own or, alternatively, in conjunction with a third-party Telematics Service Provider (TSP).

    Different user, same goal

    DriveAbility® offers the most sophisticated scoring with the goal of reducing risk. A combination of different behavioral and environmental elements is available both for insurers and their policyholders. The score components contribute to improve the insurance policy offer as well as drivers’ behavior.

    Benefits of DriveAbility® score are undeniable both for insurers and end users, in terms of a highly predictive of risk and consequently better pricing and market segmentation along with an enhanced customer experience.


    Insurance Telematics is also

    Risk Management

    Insurers and consumers meet each other half way, where both can benefit from a tailor-made profiling.

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    Claims Management

    Knowledge of telematics and its application, together with systems based on AI, contribute to the automation of the whole process.

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    Anti-Theft (SVR)

    Sophisticated post-theft services are developed to guarantee the recovery of the car once it has been stolen.

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    eCall/bCall

    Automotive OEMs are Octo direct clients that are interested in sharing technology. Octo role is related to the third-party eCall, directly managing a middle control room.

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    Assistance Control Room

    A 24/7 real time assistant in case of accident. This service is synonymous with quality, thanks to a network of well-trained professionals.

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