#Octo telematics unibox driver

OctoÍs insurance partners are able to drive innovation and improve their loss ratio by up to 20% through more accurate pricing of risk, more efficient crash and claims processes, and deepened customer relationships.

#Octo telematics unibox driver

Octo collects contextual driver and vehicle data and applies proprietary algorithms to transform it into actionable intelligence, informing solutions that benefit both auto insurers and policyholders. As the data revolution gathers pace and as data analytics become critical to the success of many companies, traditional approaches to insurance are falling short. This significantly constrains an insurerÍs ability to correctly assess risk and accurately price premiums. We have 5,3 million connected users and the largest global database of telematics data, with more than 175 billion miles of driving data collected and over 433,000 crashes and insurance events analysed.Īuto insurance premiums have historically been based on specific static risk category indicators such as age, vehicle type and crash history, rather than actual driving behaviour. Today, we are the largest and most experienced insurance telematics company in the world, providing actionable intelligence to more than 60 insurance partners. Founded in 2002, we invented the insurance telematics industry. Octo is the Number 1 global provider of telematics and data analytics solutions for the auto insurance industry.