Global market research and consulting company Frost and Sullivan rewarded Amodo with a European User-based Insurance Industry Excellence in Best Practices award. Frost & Sullivan’s Technology Innovation Award recognizes the company that has introduced the best underlying technology for achieving a remarkable product and customer success while driving future business value.
Amodo’s Connected Insurance Platform excelled in many of Frost and Sullivan’s criteria in the European user-based insurance space, from commitment to innovation and creativity in technology to operational efficiency and growth potential regarding business aspects.
“While the majority of market participants currently lack digital transformation capabilities, Amodo, a digital agency spinoff, has been managing digital channels for the last 20 years. It has translated its know-how to innovate auto insurance models, allowing it to create superior value in the market.”, says Vijay Narayanan, Industry Analyst from Frost and Sullivan.
With more than 40 UBI-related projects implemented during the last 7 years, our company has demonstrated that it is the most active and experienced firm in the European UBI space. Amodo technology innovations have global recognition, traction, and acceptance, positioning the company as one of the leading UBI solution providers.
“Over the past couple of years, the Amodo team played an important role in shaping new market trends and opening new opportunities, which ultimately resulted in the state of the art Pay How You Drive and Pay as You Drive Technology. As a result, Amodo has received many recognitions in the past, including the one from Financial Times as one of the top 5 Insurtechs in the world in 2019. Nevertheless, the recognition from Frost and Sullivan in 2021 is the one that reaffirms Amodo’s technology excellence once again. This award came as an important recognition during this post-pandemic era, and we are extremely proud of it.”, says Marijan Mumdžiev, Amodo’s CEO.
About Amodo
Amodo is an award-winning insurtech company. Amodo Connected Insurance Platform enables insurance companies to create and brokers to place hyper-personalized usage-based insurance (UBI) products on the market. Amodo clients use its platform to gain strategic insights into customers' profiles, segment them into relevant groups and acquire profitable ones. Over the past nine years, this European insurtech launched close to 50 Connected Insurance projects worldwide with some of the leading companies such as AIG, Porsche Insurance, UNIQA, and many others. Amodo was named by Financial Times as one of the top 5 Insurtech companies globally, is a winner of a prestigious Digital Insurance Agenda Diamond Award in 2020, and has been named by Frost and Sullivan as the Best Practice Leader in the Usage-Based Insurance market in 2021.
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