Ana Seguros Selects Octo Telematics to Launch Mexico’s First UBI Program

The program offers premium discounts using driving behavior scoring, distracted driver monitoring, crash and claims management, and location-based services.

(Image source: Ana Seguros Twitter page.)

Ana Seguros (Mexico City), a member company of Grupo Valore, has launched Mexico’s first usage-based insurance (UBI) program, Ana Telematics, powered by Octo Telematics (Rome). Ana Telematics’ program lets customers save on their auto insurance based on their driving habits using driving behavior scoring, distracted driver monitoring, crash and claims management, and location-based services.

Rigoberto Mora, Director of Claims, Ana Seguros.

“We strive to be at the forefront of InsurTech innovation in Mexico, and partnering with Octo Telematics is a key component to that successful execution,” Rigoberto Mora Jacob, Claims Director, Ana Seguros. “We are the best option to cover the needs of motor vehicle insurance in Mexico, adhering to the highest industry standards, management efficiency, and the innovation of products and services. Octo’s industry experience and vast telematics database compliments our mission and we are excited to rollout this new value-added offering to our policyholders.”

Using  Octo Telematics’ telematics database and industry expertise, Ana Seguros is able to customize insurance premiums, encourage safer driving habits and offer new discounts add additional value for its customers, according to a vendor statement. Octo says its Internet of Things (IoT) next-generation platform enables Ana Seguros to not only track driving habits of policyholders, but also the use and health of their vehicles.

Increasing Engagement, Loyalty and Retention

“Industry developments such as IoT and the sharing economy are changing the way—and the frequency of how much—cars are driven as well as policyholder expectations and options,” comments Nino Tarantino, CEO, Octo North America. “Ana Seguros is leading the insurance industry in Mexico with value-added programs that add substantial policyholder value to increase engagement, loyalty and retention—and thus, the bottom line for shareholders. We love driving the future of connected insurance for our partners like Ana Seguros.”

The Insurance Industry’s Chance to Address Distracted Driving

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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