InsurTech Magazine August 2025 | Page 98

20 +

Years OCTO has operated in telematics sector

900 +

Loyalty specialists in Mastercard network

610

BILLION

Kilometres of driving data in OCTO database can verify the circumstances of reported accidents using location data, speed recordings, and impact measurements collected by OCTO’ s technology.
Mastercard’ s network includes over 900 loyalty specialists who support programme implementation and management. This expertise helps insurance companies design effective reward structures that drive desired behavioural changes whilst maintaining programme profitability.
The partnership reflects broader industry movement towards usagebased insurance models that adjust pricing according to actual risk exposure rather than estimated risk factors.
98 August 2025