InsurTech Amodo has partnered with Make IT Easy, a Croatian mobile asset services provider, to launch an innovative mobility solution that will mediate between vehicles, drivers, connected cars, and smartphones.
Amodo’s Connected Insurance Platform enables insurance companies to create and brokers to place hyper-personalised usage-based insurance (UBI) products on the market. Moreover, Amodo said its clients use its platform to gain strategic insights into customers’ profiles, segment them into relevant groups and acquire profitable ones.
Founded in 2019, Make IT Easy built is software platform mobilityONE to help companies manage their vehicle fleets.
The partnership between Amodo and Make IT Easy will see the mobilityONE software be enriched by Amodo’s technology that collects data and analyses user behaviour.
Amodo said benefits for the end users will be seen in cost and environmental pollution reduction and increasing driving safety by encouraging responsible and sustainable behaviour in the traffic.
Additionally, through this cooperation, companies will broaden their presence and penetrate new businesses. mobilityOne will enter spheres that have seen tremendous growth over the past few years, the car sharing and subscription model, while Amodo will expand the client base beyond the insurance industry.
Earlier this year, YAS MicroInsurance (YAS), an Asia-Pacific-based insurance blockchain frontier, partnered with telematics InsurTech Amodo, to delivery autonomous insurance on-chain.
YAS’s on-demand mobile application and eco-blockchain provides insurance for “new generation lifestyles” to address the emergency of web3 activities.
The partnership, according to YAS, represents the “new age of insurance against the backdrop of smart cities.”
YAS said that a multitude of technological advances across the fields of artificial intelligence, web3, DeFi, and the Internet of Things is shaping the future of society. With this developments however, bring unique risks, whilst also presenting opportunities for insurance to define the rules of this new world.
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