Frost and Sullivan's Technology Innovation Leadership award for 2021 went to Amodo, awarding the company's best practices

24 June 2021 — Daniela GHETU
Global market research and consulting company Frost and Sullivan rewarded Amodo, the Croatian InsurTech company of global relevance, 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 Mumdziev, Amodo's CEO.

The Frost & Sullivan's Technology Innovation Award for Best Practices came after earlier this year Amodo was also awarded with the pretigious 2020 DIAmond Award after being voted by the audience votes as having the highest strategic impact.

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