TECH & AI
Insurance companies can now offer tangible incentives including discounts on auto, home and travel insurance policies in exchange for demonstrated safe driving practices.
OCTO operates telematics solutions through both physical devices installed in vehicles and mobile applications that monitor driving patterns. The company’ s scoring models assess driver behaviour using data collected from these sources, creating risk profiles that insurance companies can use for pricing and engagement strategies. SessionM, Mastercard’ s loyalty management platform, serves over 1,400 client companies globally and processes more than 350 billion loyalty points annually. The platform handles 3 billion API calls each year and generates 1.3 billion marketing impressions, providing the infrastructure needed to manage complex loyalty programmes at scale.
SessionM platform powers OCTO telematics integration The technical integration combines OCTO’ s patented scoring algorithms with SessionM’ s loyalty programme management capabilities. Insurance companies can create customised reward structures based on specific driving behaviours measured through OCTO’ s telematics platform.
OCTO maintains what it describes as the world’ s largest telematics database, containing 610 billion kilometres of driving data collected from over 6 million connected users. The company has processed more than 525,000 certified claims through its platform, providing insurance companies with validated data for risk assessment and fraud detection.
The platform’ s artificial intelligence algorithms analyse driving patterns to detect accidents, assess driving behaviour and manage claims processing. These capabilities enable insurance companies to move beyond traditional risk assessment models based on demographic data towards real-time behavioural analytics.
Luca Corti, Country Manager Italy at Mastercard, says the partnership demonstrates technology’ s role in mobility solutions.“ We are excited to collaborate with OCTO putting technology at the service of safer and more conscious mobility,” he says.“ Through our innovative solutions, we enable data-driven loyalty models that reward positive behaviour and strengthen the relationship between businesses and customers.”
Luca says the collaboration confirms Mastercard’ s commitment to driving evolution in key economic sectors.
The SessionM platform operates as a Software-as-a-Service solution, allowing insurance companies to implement loyalty programmes without developing internal technology infrastructure. The platform’ s scalability supports global deployment across different markets and regulatory environments.
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