Amodo brings Usage-Based Insurance to businesses using SAP Solutions

21 July 2021 — Daniela GHETU
Through its partnership with SAP, one of the world's leading producers of software for the management of business processes, Amodo will deliver usage-based insurance (UBI) to businesses using SAP solutions, the Croatian digital solutions provider announced.

The partnership enables businesses that use SAP solutionsin more than 180 countries around the globe tointegrate and offer UBI telematics solutions to their end-users. With the support of Amodotechnology, companies gain access to a leading telematics platformthat allows them to provide their users with new usage-basedmodels like PayasYou Drive and Pay How You Drive, among others. These models give users the opportunity to receive pricing that is suitable for them while being insured every step of the way.

"With pleasure, we observed how Amodo's relationship with SAP has evolved over the years to reach the mature stage that it enjoys today.We are excited about our joint value proposition and the extent of benefits and disruption that it brings to the global insurance market," says Marijan Mumdziev,CEO, Amodo

Amodo is a partner in the SAP PartnerEdge program. As such, it is empowered to build, market, and sell software applications that supplement and build on SAP software and technology. The SAP PartnerEdge program provides the enablement tools, benefits, and support to facilitate building high-quality, disruptive applications focused on specific business needs - quickly and cost-effectively. The program provides access to all relevant SAP technologies in one simple framework under a single, global contract.

Amodo technology innovations have global recognition, traction, and acceptance, positioning the company as one of the leading UBI solution providers. More than 40 UBI-related projects implemented during the last 7 years set Amodo as the most active and experienced company in the European UBI space. Recognized by Financial Times, Amodo was chosen as one of the top 5 insurtech companies globally, and Frost and Sullivan reconfirmed Amodo's position by awarding the company's excellence in 2021.

About Amodo

Amodo is an insurtech company on a mission to disrupt the insurance industry.By turning users' smartphones into powerful telematics sensors, the Amodo connected insurance platform enables insurers to deliver tailor-made products by gathering and contextualizing behavioral data. With its advanced technology, Amodo allows drivers to adjust theinsurance cost to their driving habits, with the help of theirsmartphone. By offering new insurance models like Pay How You DriveandPayAsYou Drive, Amodo setsnewinsurancetelematicsstandards followed by insurance companies globally,including P&V,AIG, Porsche, and BNP Paribas.

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