Octo Telematics and SAS Join Forces to Drive Insurance Telematics Data Insights to New Heights and Reduce Risk
The current industry context makes it clear that developments in technology, regulatory change, and the need for differentiation in an increasingly commoditized market have led many auto insurers to assess the opportunity presented by usage-based insurance (UBI). In
The scope of the agreement is extremely wide and designed to exploit state of the art existing technology, joint R&D to create new analytics algorithms and services, and a shared go-to-market to selected Insurers.
The guiding principle of the agreement is to facilitate accelerated ramp-up of Telematics into the Insurance mainstream, by creating and proving Telematics value to Insurers and Consumers. Insurers will be supported in their evolution by getting more consumer insight, improved CRM, more accurate and individualized pricing and a more predictable risk base; Consumers will get more tailored pricing, improved Safety, additional Value Added Services, all delivered at a better price/quality ratio.
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About
SAS
SAS is the leader in business analytics software and services, and the largest independent vendor in the business intelligence market. Through innovative solutions, SAS helps customers at more than 70,000 sites improve performance and deliver value by making better decisions faster. Since 1976 SAS has been giving customers around the world THE POWER TO KNOW®.
SAS and all other
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