(Cozumel, Mexico. Photo credit: Ricraider.)
Ana Seguros (Mexico City), has chosen Octo Telematics as the telematics partner for a new fleet telematics program. Ana Seguros is a part of Grupo Valore (Mexico City), which also provides life, property and medical expense insurance through Seguros Argos, GMX (Grupo Mexicano de Seguros), and Prevem Seguros, respectively. The insurer will roll out the Octo program out in two phases, starting with internal fleet adjustors and company cars, and in a second step as a personal lines offering for policyholder, according to an Octo statement.
Octo reports that it will provide telematics capabilities and features including fleet management, driving behavior score, distracted driver monitoring and Crash/Claims. Octo Telematics says it has customized its globally available UBI solution for the Mexican market, which is designed to allow fleets to improve their performance and reduce their cost getting in front of potential issues, helping customers learn safer driving habits and ultimately benefits both insurer and insured.
Components of the Octo Fleet platform include a secure website and smart phone app designed to enable fleet managers to get real-time insights on fuel consumption, vehicle health, location, driver safety and more, according to the vendor. “Knowing drivers’ habits and whereabouts throughout the day can help managers to optimize routes, maximize productivity, save money and increase safety measures,” an Octo statement says.
Feedback to Drivers
Octo’s telematics fleet solution provides feedback to drivers on their overall driving habits and performance, with the capability to maintain safer vehicles. The vendor asserts that telematics data can be used to improve personal engagement with the policyholder and optimize the claims management process. The solution will enable Ana Seguros to more proactively respond to any crash situation instantly and proactively, according to Octo.
“Octo Telematics was the obvious choice for us to work with as we build out our telematics program,” comments Rigoberto Mora, Director of Claims, Ana Seguros. “With their global experience, growing presence in Latin America, and knowledge across fleet, crash and claims and more, we knew we would be in the best of hands and be able to quickly roll out a top quality program that will make adjusters and other personnel—and eventually commercial fleets—safer and more productive.”
“Using telematics creates better and more efficient drivers, decreases speeding and idle time, and enables insurers to improve the bottom line. The benefits of telematics continue to grow, and insurers like Ana Seguros are creating valuable programs around it for their customers,” comments Nino Tarantino, CEO of Octo Telematics North America. “We are excited about expanding our presence in Mexico and Latin America, and are happy to be the telematics partner to enable Ana Seguros and its policyholders to reap such benefits.”