YAS MicroInsurance a blockchain-based insurtech organization offers on-demand microinsurance and changes the perception of how people buy and claim insurance. Based in Hong Kong, and outreaching its business, it aims to reshape the industry with affordable, streamlined, and effective microinsurance products integrated into everyday lifestyle.
William Lee, Co-Founder, YAS, stated, “We see huge synergies in forming this strategic partnership with Amodo. Their presence in Europe and our footprint in Asia will unlock a truly global platform for us. By integrating Amodo’s telematics engine to YAS’ eco-friendly insurance blockchain, we will leap ahead, ever closer to our vision of how future insurance works – autonomous insurance on-chain to the world as we transition from the old and web2 world into a more interconnected world with web3. YAS will take this partnership forward to produce machine-to-machine and human-to-machine protection, preparing global users for the interconnected future of smarter and greener cities.”
YAS joined hands with Amodo, an InsurTech company headquartered in Zagreb to bring autonomous insurance on-chain in the market. Amodo Connected Insurance Platform strengthens insurance firms to build and brokers to place new usage-based insurance (UBI) products on the market to address the ever-growing demand of customers so that their price expectations should be done in a fairer way.
Amodo set new Telematics insurance standards by offering new insurance models such as Pay As You Drive (PAYD), Pay How You Drive (PHYD), Manage How You Drive (MHYD), and Try Before You Buy (TBYB) to acquire a large consumer base.
Marijan Mumdziev, CEO, Amodo, extended, “It really is fascinating to enter the new partnership with such an innovative high-tech company like YAS. Offering on-demand microinsurance for different kinds of activities and situations is truly changing the way people buy and claim insurance. Using Amodo’s technology and know-how, YAS will enrich and further optimize its current offer. I am delighted about this and can’t wait to show to the world what these two companies have on their roadmap.”
Amodo’s new Telematics insurance (a kind of vehicle insurance) models that address user risk will strengthen YAS deep data insight generation that it uses for protecting its current on-demand and mobile app and eco-blockchain-based insurance services given to the newest kinds of businesses. In fact, these efforts will lead to the first NFT insurance in the world to address the advent of web3 activities.