In our experience, there are three cornerstones for creating new products based on telematics technology: a rich set of collected data, adequate contextualization of said data, and powerful data analytics. If all three are in place, an incredible value can be extracted from the data. Insurance companies should use data to monetize their digital channels, as well as enable new risk prevention mechanisms and fraud prediction.
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. Amodo works with financial institutions (insurers, brokers and banks) of all scales and ends of the market to help them develop products fit for their end consumer and company strategy.
Learn more in a video interview with our CEO Marijan Mumdziev on how the smartphone can be a powerful tool for all insurance companies looking to step into the digital world and develop new products for the consumer of today.
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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