Digital Insurance Agenda

Amodo: innovate your Motor Insurance Portfolio today

Written by Roger Peverelli and Reggy de Feniks - Founders The DIA Community on Dec 30, 2021

Amodo Connected Insurance Platform enables insurance companies to create – and brokers to place – new usage-based insurance products on the market. This is how they address the ever-growing need of the consumers to be priced in a fairer way. Amodo’s clients use its Connected Insurance Platform to gain strategic insights into customer profiles, they can segment them into relevant groups and acquire the profitable ones. Using telematics technology, Amodo helps their clients to launch TBYB, PHYD and PPM programs tailored for motor insurance products. Comprehensive Amodo Customer Engagement Technology ensures engaged user base through smartphone app channel. Amodo has a great customer base, including AIG, Porsche Insurance, UNIQA, P&V, Tower Insurance and many others.

What makes Amodo unique?

There are two crucial things that make Amodo unique. First they have advanced data & privacy security. Second, they have global traction & recognition.

They are a EU based technology vendor with all the data being processed in the EU. It never leaves the EU. Amodo is 100% GDPR compliant, follows the highest data and information security standards and  is a proud owner of 4 ISO certificates; ISO/IEC 9001 Quality Management System, ISO/IEC 27001 Information Security Management, ISO/IEC 27701 Privacy Information Management, and ISO/IEC 22301 Security and Resilience – Business continuity.

Amodo has global implementations from US and Brazil, to Germany, France and UK, Singapore, Honk Kong, New Zealand, Thailand and Japan. They have a highly configurable platform that enables clients to position themselves with distinctive USP’s on their markets. Amodo launched more than 45 connected insurance projects in various markets on six continents & is a proud winner of numerous awards; including the DIAmond award.

Insurance customers are priced based on the risk performance of the whole customer base, whereas with the new emerging technology, this paradigm can be changed, and customers can be priced based on their individual risk exposure and behavior. This means saving costs for the customers, while the insurance company can gain significant market advantage.

Moreover, Amodo’s Platform enables advanced communication and engagement with the users through Smartphone channel, which boosts customer loyalty and increases policy renewal rate by more than 43%.

The majority of Amodo references come from the Telematics segment, and entail some of the leading insurance companies (e.g. BNP Paribas, AIG, Generali, Triglav Insurance, Malayan Insurance, Youse, Caixa Seguradora, Tribe Insurance, Baloise Group, P&V Group, Rooster Insurance, Absolute Insurance, Motion Auto, Tower Insurance, Foyer, Croatia Osiguranje, etc.), telecom companies (e.g. Deutsche Telekom, Telekom Austria Group, Globe Telecom, SK Telecom, etc.) and automotive companies (e.g. Volvo Car Corporation, Porsche Salzburg, Mobly, TÜV Rheinland, etc.)

Why we selected Amodo for DIA Amsterdam

Amodo is a company specialized in the development and management of IoT solutions tailored to support the insurance industry, with a strong focus on customer engagement and loyalty. At DIA Amsterdam, we will hear more from Marijan Mumdziev, CEO of Amodo.

Who is Amodo?

Insurtech company Amodo is founded in 2013 and has 45 projects in various markets on 6 continents. Their target markets include EU & Asia. The company has partnerships with different connected car OEMs (BMW, Daimler, Ford, etc.), device manufacturers (Teltonika, PI Labs, etc.), and complementary technology vendors (SAP, HERE, bsurance, KASKO, etc.) enabling them to demystify their clients’ digital journey.

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