Amodo technology combines the best of analytics technology and customer engagement
Amodo, included in the InsurTech100 list, the annual list of the most innovative insurtech companies around the globe puts a new face on digital transformation. It is radically changing the way insurance products are created, bought and sold.
Amodo works with insurance companies of all scales and ends of the market to help them develop products fit for their end consumer and company strategy. They developed a technology platform that enables insurance companies to launch digital insurance products for the connected customer generation. It collects data from smartphones and other connected consumer devices to build holistic customer profiles, providing better insights into customer risk exposure and product needs. Based on this analysis, risk prevention programs and individual pricing as well as personalized “on-demand” insurance products can be offered, increasing customer loyalty and longevity as well as creating completely new market segments. Users can also create customizable engagement campaigns, stimulating and rewarding desired behavior via a gamified approach. Ultimately, Amodo enables insurance companies to achieve significant savings through lower claim costs and facilitate business growth through lower acquisition cost.
They enable insurance companies, digital brokers, and other industries to market their products and services and engage users through different communication channels using usage and behavior data. Insurance companies can leverage the platform’s intelligent features to obtain insight-driven decisions and better business profitability. After more than 7 years in the industry, the team built much more than the technology – which is the very comprehensive know how on how to launch the mobility project successfully.
Amodo’s technology and methodology is approved by insurers around the world from Trinidad & Tobago, to Hong Kong and South Korea by companies such as BNP Paribas, AIG, Generali, Porsche and others. They build some of the most advanced data repository on the driving data and car usage in the world.
What makes Amodo a game-changer in the industry is its ability to help financial institutions like insurers, brokers, and banks monetize new technology in the most effective way to their advantage. By offering automated engagement, gamification, and sales features, Amodo increases the potential of the insurers’ network and ultimately boosts their revenue. The platform’s built-in gamification modules amplify customer engagement through rewards such as discounts and vouchers based on user behavior and usage.
Smartphone as powerful communication channel
Over the past few years, we have learned how powerful smartphones can be as communication channels. Targeted and customized marketing campaigns strongly increase engagement and, consequently, user conversion. This is the domain where Amodo has deep expertise and is globally recognized for.
How it works
Why we selected Amodo for DIA Munich
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. Amodo Connected Insurance Platform brings a revolution in the way Insurance Products are created and sold.
At DIA Munich Marijan Mumdziev, CEO demonstrated how new and innovative insurance products can be easily and quickly deployed as well as retracted from the market.
Who is Amodo?
Amodo is founded in 2013 and ever since led by senior executives from telco and marketing industries. The company is financially backed by three Venture Funds, namely Speed Invest (Austria), SGH Capital (Luxembourg) and Bee Next (Singapore). With a very strong growth, company dependence on initial capital is very limited, thus Amodo raised only smaller amount of capital to date, in the range of €1.500,000 and kept the founding team as the majority shareholders.
“Amodo” in Latin means – “From now Onwards”. Since the day Company is founded, we had a vision to change how Insurance business is done. Technology can do wonders, which is exactly what we do for our Clients.” Marijan Mumdziev (CEO)