P&V Assurance has partnered with Amodo (a connected mobility platform provider) and D’Ieteren (a car dealership based in Belgium) to launch a ‘connected mobility’ platform for Volkswagen Group cars (D’leteren 70-year old relationship).
The program is being distributed through WeChat and offers pay how you drive usage-based insurance with additional benefits for demonstrably safe drivers. This joint P&V/Amodo platform relies on on-board diagnostic technology and uses an advanced array of smartphone sensors to determine driving behaviours, which are then used to inform the Pay-How-You-Drive (PHYD) insurance.
Marijan Mumdziev, CEO of Amodo has said: “Among different go to market models that Amodo’s platform supports, this is the second one where a car distributor has taken the lead, and the insurance company follows to provide usage-based insurance products with the technology’s capability. This partnership will enable P&V to deliver new features that will help their customers become more engaged and realise the full spectrum of opportunities that our platform has to offer; it will also enable Amodo to develop its mobility platform tailored for the insurance industry.”