Amodo introduces Next Generation Pay per Mile
Amodo Connected Insurance Platform changes the game by enabling you to implement the out-of-the-box Pay Per Mile – Next Generation model designed especially for Casco. Generate new revenue through the business model innovation enabling your customers to purchase Casco in accordance with their needs, anytime, anywhere.
Amodo’s innovative solution for Casco insurance gives your customers the possibility to purchase the basic, stationary Casco coverage and an initial package of milage for a fraction of the total CASCO cost. Keeping the full coverage while being the stationary user can always activate full coverage through the application. The application automatically deducts the distance driven with best-in-class precision.
How does it work?
Use Amodo’s white-label smartphone app or implement the solution within your existing app and offer off-the-shelf stationery CASCO insurance to your existing and new users. Provide users with on-the-road full insurance coverage when needed. They can simply top up the mileage within the app in just 3 clicks.
Let users buy full coverage insurance within seconds before going on a trip if needed. Directly from their app, users can get fully covered. After the mileage top up, all users have to do to be fully insured is to turn on the app and start the insured trips’ recording with the.
And there’s more to that. Optionally, driving and behavior data can be collected and analyzed over the Amodo Connected Insurance Platform. You will get the possibility to influence individual risk exposure. Users will get additional free miles on top of the purchased package as a reward for actively reducing your total claims.
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 the insurance cost to their driving habits, with the help of their smartphone. By offering new insurance models like Pay How You Drive and Pay As You Drive, Amodo sets new insurance telematics standards followed by insurance companies globally, including P&V, AIG, Porsche, and BNP Paribas.