Last month The P&V Group became one of the pioneers of the European insurance industry that uses telematics technology to create On-Demand Short-Term Insurance policy for Motorcycles.
This new type of insurance proposition for the Belgian market, called CliCover is an on-demand insurance product where the customer decides when to activate this coverage and for how long. This concept will first be applied to motorcycle damage insurance.
The idea came about from a request from people in Belgium who use their motorcycle for leisure purposes and who do not want to pay an annual premium when they only use their motorcycle for a short period of the year. The customer uses a user-friendly application enabled by Amodo’s connected insurance platform, to indicate the days on which customers wish to insure against material damage, either in advance or even the same day before taking to the road. The customer only pays for the days entered in the application.
About P&V group
P&V stands for Prevention & Precaution. The basic idea for the establishment of P&V in 1907 was solidarity with the insured and society. That motivation is still the same today. Offer fair protection to as many people as possible, and on the best terms.
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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