Amodo Brings Usage-Based Insurance  to  Businesses Using SAP Solutions

Amodo announced at the SAP Industry Analyst Base Camp that through its partnership with SAP it will deliver usage-based insurance (UBI) to businesses using SAP® solutions.  Amodo technology innovations have global recognition, traction, and acceptance, positioning the company as one of the leading UBI solution providers. More than 40 UBI-related projects implemented during the last 7 years set Amodo as the most active and experienced company in the European UBI space. Recognized by Financial Times, Amodo was chosen as one of the top 5 insurtech companies globally, and Frost and Sullivan reconfirmed Amodo's position by awarding the company's excellence in 2021.

“With pleasure, we observed how Amodo’s relationship with SAP has evolved over the years to reach the mature stage that it enjoys today. We are excited about our joint value proposition and the extent of benefits and disruption that it brings to the global insurance market,” says Marijan Mumdziev, CEO, Amodo.   

The partnership enables businesses that use SAP solutions in more than 180 countries around the globe to integrate and offer UBI telematics solutions to their end-users. With the support of Amodo technology, companies gain access to a leading telematics platform that allows them to provide their users with new usage-based models like Pay as You Drive and Pay How You Drive, among others. These models give users the opportunity to receive pricing that is suitable for them while being insured every step of the way.  

Amodo is a partner in the SAP PartnerEdge program. As such, it is empowered to build, market, and sell software applications that supplement and build on SAP software and technology. The SAP PartnerEdge program provides the enablement tools, benefits, and support to facilitate building high-quality, disruptive applications focused on specific business needs – quickly and cost-effectively. The program provides access to all relevant SAP technologies in one simple framework under a single, global contract.

About Amodo 
Amodo is an award-winning insurtech company. Amodo Connected Insurance Platform enables insurance companies to create and brokers to place hyper-personalized usage-based insurance (UBI) products on the market. Amodo clients use its platform to gain strategic insights into customers' profiles, segment them into relevant groups and acquire profitable ones. Over the past nine years, this European insurtech launched close to 50 Connected Insurance projects worldwide with some of the leading companies such as AIG, Porsche 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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*Any statements in this release that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to various risks and uncertainties described in SAP’s filings with the U.S. Securities and Exchange Commission, including its most recent annual report on Form 20-F, that could cause actual results to differ materially from expectations. SAP cautions readers not to place undue reliance on these forward-looking statements which SAP has no obligation to update and which speak only as of their dates. 

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