Octo Telematics ads

The OCTO DriveAbility® 3.0 Score represents a next-generation approach to insurance risk assessment, leveraging high-resolution telematics data and actuarially sound methodologies to deliver materially improved accuracy, transparency, and fairness in underwriting and pricing. DriveAbility® Score assesses individual risk based on actual driving behavior and contextual exposure, moving beyond traditional factors such as age, location, or vehicle type. Built on enriched per-second driving data and verified insurance claims, it provides insurers with more accurate risk segmentation and underwriting insights. Its transparent and interpretable methodology delivers up to a 10x lift between the safest and riskiest drivers. By aligning premiums more closely with actual risk, it reduces cross-subsidization and supports fairer, behavior-based pricing. DriveAbility® 3.0 combines predictive performance, transparency, governance, and regulatory acceptance.

Motor insurance is being rebuilt around AI. This new OCTO eBook maps where European carriers are extracting real value today: behaviour-based underwriting with over 10x predictive lift, end-to-end claim handling co-signed by Sedgwick - the global TPA processing more than 4 million claims a year - and a retention engine that keeps the safest drivers in the portfolio instead of pricing them out. Portfolio ROI a CFO can read every quarter — modelled inside the report on a real portfolio of 100,000 policies. Twenty years of telematics data, distilled into one institutional playbook. Read the eBook "Revolutionising Motor Insurance: OCTO AI-powered benefits".

20 years ago telematics was a sensor. 10 years ago a discount engine. Today it is the operating model. The new OCTO institutional report walks through how AI-powered telematics rewrites the motor value chain in three steps: data-driven risk scoring at quote, AI-powered claims at FNOL, behaviour-based retention at renewal. The chain that turns a market under pressure into a structurally better motor book. +23 years of OCTO data behind it: six million connected users, 92 billion registered trips, 525,000 certified crashes. Inside the eBook, the operating model and the numbers behind each step. Download "Revolutionising Motor Insurance: OCTO AI-powered benefits".

Telematics can no longer be a feature for motor insurers. It must be an operating model. This OCTO eBook walks through how AI-powered telematics rewires the motor value chain in three steps. At quote: an eight-component behaviour score with over 10x predictive lift against industry models, validated on 1.48 million scored accounts and 1.7 billion scored trips across 20-plus countries. At FNOL: a claim chain co-signed by Sedgwick, 4 million-plus claims a year, 90%-plus crash-to-claim matching, validation in under ten seconds, up to −20% total claim cost end-to-end. At renewal: a behaviour-based retention engine proven across 160-plus motor insurance programmes in 20-plus countries. Download the eBook

In motor pricing, the difference between a profitable book and a stressed one comes down to how accurately you separate good risks from bad ones. Octo's DriveAbility Algorithm delivers a 10x lift in predictive power, against the 4-5x lift of standard market models. Tighter risk selection, fewer surprises in the loss ratio, an underwriting book that finally behaves the way the actuarial plan said it would. Download the eBook “Revolutionising Motor Insurance: OCTO AI-powered benefits”, to see how it works and what insurers are getting from it.

A Norwegian motor insurer kept writing new policies on a risk score that had gone stale, no longer updated by its previous provider. Every new contract entered the book almost blind. The bill for that cohort was steep: 28% of policies produced a claim, and the loss ratio climbed to 131%. A book losing margin at every renewal, with no way to act on risk upstream. Then came the switch to our real-time telematics-based scoring. On new policies, claim frequency dropped to 8% and the loss ratio fell back toward target. Same company, same market, same distribution network: the only thing that changed was the quality of the risk data. The new OCTO eBook shows how risk selection, even before pricing, drives a motor book's loss ratio, with the numbers to prove it. Download "Revolutionising Motor Insurance".