Zagreb, March 2021 Croatia osiguranje, a market and digital leader in insurance that operates within the Adris Group in Croatia, presented LaqoPrevent. It is a unique prevention program that promotes and rewards responsible behavior and risk reduction with the help of telematics technologies.The LaqoPrevent program is part of Croatia's LAQO insurance offer, the first fully digital insurance solution in southern Europe.
Since LAQO currently offers motor vehicle insurance, the first initiative under the LaqoPrevent program promotes safe driving and responsible traffic behavior using the advanced telematics technology solution available under the LAQO application. The LaqoPrevent program is enabled by the Amodo telematics platform built within the LAQO app. The program works on a Driving Risk Score model, awarding good behavior with a good score. Users can thus monitor various aspects of their driving, reduce crucial traffic risks, and be rewarded for responsible behavior and good results.
"By launching this unique prevention program based on Amodo's advanced technologies, LAQO reaffirms its status as the strongest insurance digital brand in southern Europe. Since its launch, LAQO has been a hit in the insurance market, and user reactions are the best confirmation that there is a strong need in the market for advanced digital solutions. With the LaqoPrevent program, we go a step further and contribute to raising the overall security level in society. We will promote and reward responsible behavior in all aspects of life, starting now with traffic safety", says the President of the Management Board of Croatia osiguranje, Davor Tomašković.
Marijan Mumdžiev, CEO of Amodo, also attended the presentation of LaqoPrevent: "It is a great pleasure to be a part of this project, even though Amodo has users all over the world, to do something like this in "your backyard" is of particular importance to us. We are glad to have found a partner in our homeland who is ready to follow global trends and set them like us."
About LAQO by Croatia osiguranje
LAQO is a new digital brand of Croatia osiguranje, developed to provide clients with 100% digital insurance at an attractive price in the simplest way. LAQO cares for the well-being and safety of the individual, society and the environment, hence it is completely paperless. LAQO insurance clients can get all the necessary information and purchase a policy through the website and application or the Internet, fully manage the data online, report the damage digitally, and even receive payments of small amounts of compensation online. They are the only insurance brand on the Croatian market that allows clients to purchase all key vehicle-related insurance products in one minute.
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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