Octo Telematics launches crash management services for the US

Octo Telematics, provider of advanced telematics systems and services to the vehicle and insurance industries globally, is to add specialised crash management services to its Usage Based Insurance (UBI) programs in the United States. Crash management services reduce costs and provide tangible life-saving benefits for drivers, their passengers, and insurance by providing the vehicle’s location for prompt assistance in the event of a crash, as well as detailed crash kinematics and dynamic reconstruction. Vehi
September 6, 2012 Read time: 2 mins
6515 Octo Telematics, provider of advanced telematics systems and services to the vehicle and insurance industries globally, is to add specialised crash management services to its Usage Based Insurance (UBI) programs in the United States.

Crash management services reduce costs and provide tangible life-saving benefits for drivers, their passengers, and insurance by providing the vehicle’s location for prompt assistance in the event of a crash, as well as detailed crash kinematics and dynamic reconstruction.

Vehicle insurance has traditionally been based on the predicted risk of a single driver, his age, type and age of vehicle and claim history. UBI enables actual driving behaviour and verified mileage, as well as detailed crash reports, to be used to provide quicker and more accurate claims and risk assessments to save money.

“We’ve been doing this in Europe for years,” said Nino Tarantino, CEO of Octo Telematics North America. “Claims departments use crash management services to evolve their operating efficiencies while significantly improving their loss ratios. I firmly believe adding these new services to existing UBI programs will catapult the already-growing US market forward.”
Location Based Systems

Related Content

  • June 26, 2012
    euroFOT study demonstrates benefits of driver assistance systems
    Today, the euroFOT consortium published the findings of a four-year study focused on the impact of driver assistance systems in the Europe. The €22 million (US$27.5 million) European Field Operational Test (euroFOT) project which began in June 2008 and involved 28 companies and organisations, was led by Aria Etemad from Ford’s European Research Centre in Aachen, Germany. The study looked at existing technologies and their potential to both enhance safety and reduce environmental impact. euroFOT also reveale
    Read More
  • September 5, 2013
    US drivers receptive to usage-based auto insurance
    US drivers are predominantly open-minded to purchasing usage-based auto insurance (UBI) policies, or pay as you drive insurance, according to a new survey by professional services company Towers Watson. The survey results are a clear indication that UBI is gaining momentum in the marketplace, with more consumers willing to let insurers monitor their driving habits with a telematics device in exchange for potential savings on their car insurance. Most (79 per cent) respondents to the UBI Consumer Survey
    Read More
  • November 7, 2013
    Bit by bit insurers agree data protocol
    Telematics technology may be a game changer for the automobile insurance industry but it comes with some caveats as Colin Sowman discovers. James Bielak, (P&C) program manager at the US office of ACORD (the Association for Cooperative Operations Research and Development), has an unenviable job: to devise a standard form of communicating vehicle data between telematics providers and insurance companies. To that end he has gathered together a group composed of insurers, telematics providers and other intere
    Read More
  • August 19, 2014
    ITS America, Global Automakers respond to NHTSA's connected car ANPRM
    ITS America and international motor vehicle manufacturers’ representative the Association of Global Automakers (Global Automakers) have responded to the US Department of Transportation's (DOT) National Highway Traffic Safety Administration (NHTSA) advance notice of proposed rulemaking (ANPRM) and a supporting comprehensive research report on vehicle-to-vehicle (V2V) communications technology. The report will include analysis of the Department's research findings in several key areas including technical
    Read More

Highlighted Content