Category Archives: Blog article

The Maritime Financial Group strongly nurtures corporate social responsibility by encouraging private initiatives for the public good, focusing on the quality of life.  The Group has shown great compassion and social responsibility as the initiator of numerous actions and initiatives that save lives in the Caribbean region. Their latest initiative “Safe miles, save lives” invites […]

This partnership entails the sharing of specific data from all Mercedez-Benz vehicles produced after January 2016 and which are used within the EU. Potential uses for this data are in insurance and vehicle security as connected cars send information about things such as mileage driven, fuel status, battery status, door lock status, tire pressure, warning […]

AMODO COMPANY NEWS This November was filled with awesome InsureTech events: conferences, summits, forums, you name it. We attended – all! It was a great opportunity to meet with industry leaders from all over the world, to share insights and exchange visions. The insurance industry understands the importance of embracing digitalization as its business model […]

AMODO COMPANY NEWS The insurance sector prepares for disruption According to Deloitte, around $2.6bn was invested in “insurtechs” in 2018, and $2.2bn in the first half of 2019, and deal sizes have been growing. Insurers are also responding to changing demands from clients that face new risks and want to know how the insurance industry […]

Amodo’s mission is to enable new digital insurance ventures in harvesting the value of the smartphone channel. We gather behavioral data to help insurers place the right products to the right users at the right time. Motor insurers have been using telematics primarily to reduce driving risk and automate claims, which reduces the cost side […]

Usage-based insurance products rely on technology that gathers data and provides insights for insurers and customers. There are seven main types of data gathering technology: Blackbox OBD device OBD + Smartphone hybrid Smartphone only solution Bluetooth beacon enhanced (BLE) smartphone solutions Windscreen-mounted devices 12 V socket device Telematics technology can provide a lot of value […]

From shifting customer behavior to channel fragmentation, digitization to business or operating model innovation, few if any industries have remained immune to the digital transformation.  Some may argue that the insurance sector has lagged others in confronting disruption or seeking to be the disruptor. Insurers are facing a number of fundamental, if not existential, questions […]

Telematics technology has enabled insurers to learn, almost in real-time, about the driving behavior of their customers. But as the data is collected, they are also realizing the power of telematics to effectively change driving behavior. Avoiding risks Are telematics users more prone to less risky driving? Can the use of telematics apps really have […]

While adoption of technology among insurance players has been slower than in other industries, today’s insurance consumer is more connected than ever before. It is therefore not surprising that consumers expect their insurance providers to adapt and evolve towards the digital landscape, driven by their digital interactions in other industries. We see more and more […]

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, […]