The other industries now shape insurance consumers' preferences, insurance providers being compared not only to their peers but to whoever sets the benchmark for a great experience.
In the interview done for XPRIMM TIME FOR BUSINESS International show, our CEO Marijan Mumdziev gave a brief overview of the telematics industry. He spoke about the changing driving habits, the attractiveness of telematics offerings in different markets, and recent successful implementations in the region.
"Insurance consumers expect a certain level of personalization from insurance carriers that the latter can offer only once they have individualized personal data. This is one of the aspects where technology becomes a key enabler. This is also in the core, in the essence of what a model does. However, technology capability goes well beyond that, enabling process automation and many other benefits for the motor insurance business," Mumdziev explained.
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Amodo is an insurtech company on a mission to disrupt the insurance industry. By turning users' smartphones into powerful telematics sensors, Amodo Connected Insurance Platform enables insurers to deliver tailor-made products by gathering and contextualizing behavioral data. Over the past eight years, Amodo launched more than 40 different Connected Insurance Products worldwide, with some of the leading companies such as AIG, Porsche Insurance, BNP Paribas Cardif 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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