![]() ![]() DriveAbility has scored more than one million vehicles across five continents and is configurable to meet specific auto insurer requirements, OCTO reports. “OCTO offers insurers the ability to better manage risk based on actual driving behaviors and as a result, Ford customers can benefit from a personalized insurance rate, across a wider choice of insurance carriers.”ĭriveAbility Score combines Ford connected vehicle data, available on the majority of MY2020 and newer Ford and Lincoln vehicles, in context of factors such as weather and road type, with policy and claim data across a large pool of insurers to provide a score that is not only highly predictive of loss costs but is accurate from the very first trip, according to the vendor. “We’re excited to be working with OCTO to help provide enhanced scoring capabilities for insurance carriers through Ford’s connected vehicle data” comments Kari Novatney, General Manager, Connectivity Strategy & Partnerships, Ford Motor Company. Private equity group Pamplona Capital Management is also a shareholder in Octo Telematics with a 26.5 percent stake. With OCTO continuing to grow globally, an integrated approach to management systems was required. Octo Telematics is 68.5 percent-controlled by Renova. Unipol and Octo have created a totally new ecosystem of services for different. Kari Novatney, General Manager, Connectivity Strategy & Partnerships, Ford Motor Company. For over a decade, OCTO Telematics (OCTO) has implemented management systems that follow the requirements of international standards, demonstrating the quality of its products and a rigorous approach to information security. Together, they developed the first telematic policy in Europe (Unibox). ![]()
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