DIA Alumni Amodo is provider of a Mobility Platform that enables insurance companies to create new Products and Services based on Usage and Behavior data. The Amodo Platform is used on a global scale from Brazil and Trinidad & Tobago, to China and South Korea by companies such as BNP Paribas, AIG, Generali, Porsche and others.
The insurance industry is saturated with traditional insurance products, and most of Insurance companies deal with daily “Red Ocean” challenges. Amodo changes the game: with the data being acquired and analysed by the Amodo Platform, insurance companies can create and distribute a complete new portfolio of insurance products like Travel Insurance, Extended Warranties, Second Hand Car Warranties, short term comprehensive Insurance, Uber driver insurance, and other new Mobility related Insurance Products on the market. Instead of competing with the price, Amodo enables insurance companies to compete on product-based innovation.
Amodo is running more then 20 projects globally for some of the biggest names in the Insurance and Automotive industry. Amodo builds some of the most advanced data repository on the driving data and car usage in the world. After more than 5 years in the industry, the Amodo team built much more than the technology, which is the very comprehensive know how on how to launch the mobility project successfully.
Addressing the needs of the secondary car market with Mobly
Many players in the Mobility Industry want to position themselves at the forefront of the value chain, but few have the assets and the technology needed to execute along that path. Baloise went an extra mile with their Mobly concept in Belgium. Mobly is all about addressing the needs of the mobility market, with customer centric and innovative proposition based on Amodo technology. This is a great use case shedding more light on other aspects of the winning mobility proposition going beyond mere risk analytics that Insurance companies usually focus on, and giving insights on how to actually acquire, engage and retain clients.
Amodo won several awards like top insurtech company (Plug&Play), Best In class for customer engagement (AmTrust Best Review) and is named as best company worldwide in Customer Engagement by Best Review magazine of Am Trust,and is among top 10 InsurTech companies in Europe to watch in 2018.
How it works
Amodo platform has a strong modularity aspect which supports different use cases in the Mobility sector. Whether it is an insurance that wants to acquire technology capabilities to underwrite Uber drivers, or the road tolling company that wants to enter the insurance market as a broker, or a car distributor that wants to differentiate based on customer centric services built on in-car data, by choosing the relevant building blocks from Amodo Mobility platform, they can enable their digital proposition for the local market.
Why we selected Amodo for DIA Amsterdam
Amodo ’s approach is a prime example of engagement innovation which is the next level of digital transformation. Engagement innovation not only includes customer experience, but customer-centric products, new added value services and new business models as well. And Mobly is a prime example of how this can be leveraged to create a PULL PLATFORM, one of the DIA Top 10 Insurtech Trends for 2018. Mobly and Amodo will tell the story of how an Insurance company can use the newly available set of data to build completely new products and services and address the market segments that have been untapped so far.
Speakers: Marijan Mumdziev (CEO) and Gerrit Nollet (CEO Mobly)
Who is Amodo?
Amodo was founded in 2013 as a spin-off from one of the most innovative digital marketing companies in Croatia with over 15 years’ track record in the field, working for brands such as Nike, Molson Coors, UniCredit Bank and Volvo Car Corporation. The company is backed by three Venture Funds: Speed Invest (Austria), SGH Capital (Luxembourg) and Bee Next (Singapore).
”Emergence of Internet of Things technology has a radical impact on the amount of data to be collected in the future and Insurance industry as one of the industries most dependent on the data, is just about to enter its golden age. Luckily, many don't see it yet, but we at Amodo do very clearly. Products, distribution channels, target customer segments, adoption rates, business models and market players - will all be different within the next 10-15 years. This is an opportunity that we want to address in timely manners, and grow with the new market forces. The sole purpose of Amodo is to help Insurance companies do the inevitable transition.” Marijan Mumdziev, CEO Amodo
Marijan Mumdziev, CEO Amodo left and Gorgan Agačević, CPO Amodo right