• Allows insurers to createnew solutions based on behavioural data on blockchain infrastructure
• Cost-saving, secure,high-efficiency blockchain technology provides a single source of truth

HONG KONG / ZAGREB - MediaOutReach - 17 December 2020 - Amodo andGalileo Platforms, two of the world's leading business-to-business (B2B)insurtech companies, today announced a new strategic partnership that willutilize innovative telematics and blockchain technologies to enable insurancecompanies to both transform their customer experience and offer new insurancesolutions.

The partnership between Galileo Platforms, a specialist blockchaintechnology platform for the insurance industry, and Amodo, a provider ofinsurance telematics technology and advisory services, including behavior dataanalysis, will enable clients to benefit from their years of experience andexpertise in their respective areas of the insurance industry. Thepartnership's new customer-focussed insurance offerings will be availableglobally with the initial roll-out in Asia.

At the heart of the partnership's service are the tools that willenable insurance companies to create new insurance solutions, such aspay-as-you-drive pay-how-you-drive insurance covers, swipe-on-swipe-off travelor accident cover, or other tailor-made personalized insurance. These aresolutions based on behavioral data, held securely and efficiently on theworld's first blockchain-based core policy administration system.

The patented blockchain offers a shared source of truth to betterserve the customers while eliminating both duplication of data and cost inback-office systems.  The security,scale, and efficiency it brings will create cost savings.

"Consumers want more personalized, the relevant insurance cover thatis easy to access, easy to use, and meets their lifestyle needs.  We are very pleased to partner with Amodo tohelp create radically new digital solutions that will help protect familieswhen and how they want it and based on their lifestyle and usage," said Mark Wales, Chief Executive Officer atGalileo Platforms.  "Our low cost,high-efficiency technology enables the whole life-cycle of insurancetransactions to be completed at scale, without touching human hands".

"We are excited to partner with the Galileo Platforms team as webelieve that together we can bring even more value to our insurance partners orlarge brands wanting to offer innovative insurance services to their customers.Together, with our solutions combined in one we will move the insurance industryforward in Asia-Pacific", says DarkoTukulj, Chief Growth Officer at Amodo.

About Galileo Platforms

Galileo Platforms Limited is a technology company serving theinsurance sector (www.galileoplatforms.com).  Using blockchain technology,Galileo Platforms connects participants in the insurance ecosystem, enablingthem to deliver revolutionised client experience and reducing costs. It takes much of the functionality typicallyfound in legacy policy administration systems and encodes it in smart contractsin a blockchain.  This mutualises thepolicy administration function, creating new opportunities for insurance.  Galileo Platforms enables the insurance oftomorrow.

About Amodo

Amodo is an InsurTech company on a mission to disrupt the insuranceindustry as we know it (www.amodo.com.eu). By turning users' smartphones into powerful telematics sensors,the Amodo connected insurance platform enables insurers to deliver tailor-madeproducts by gathering and contextualizing behavioral data. With its advancedtechnology, Amodo allows drivers to adapt their insurance cost to their drivinghabits by leveraging the one item most of them always have in their pocket -their smartphone. By offering new insurance models like Pay How You Drive, PayAs You Drive, Manage How You Drive, Amodo set new Telematics insurancestandards and consequently acquired a great customer base, including P&V,AIG, Porsche, and BNP Paribas.