Mastercard and OCTO, a global leader in telematics solutions, announced a collaboration aimed at promoting safer driving behaviors through an innovative loyalty program. This partnership integrates Mastercard’s SessionM platform with OCTO’s patented scoring models, which assess driving behavior using physical devices or digital apps.
The agreement has a dual objective: drivers receive tangible benefits such as discounts on auto, home, and travel insurance, along with other rewards, for safe and responsible driving. For insurance companies, it enhances customer engagement and loyalty, reduces portfolio risk, and helps control costs through continuous interaction.
This initiative not only impacts road safety but also contributes to environmental and social sustainability goals. Mastercard's SessionM platform, which manages over 350 billion loyalty points annually, will provide a scalable and reliable SaaS platform for managing complex data and loyalty programs globally.
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