Skip to main content

Cambridge Mobile Telematics expands in Europe

US firm predicts significant growth in European countries for telematics policies
By Adam Hill March 8, 2023 Read time: 2 mins
It's predicted that telematics policies in Europe will grow over 21% each year to 2025 (© Dan Talson | Dreamstime.com)

Cambridge Mobile Telematics (CMT) has acquired European telematics firm Amodo, which will now adopt the CMT name.

Driver risk measurement, proactive crash and claims services, and behavioral modification to reduce driving risk are among the main services offered by the combined group to customers including insurers, car manufacturers, gig companies, fleet operators and mobility companies.

In the US, CMT serves 21 of the top 25 insurers, the company says. But CMT says that telematics is "primed for significant growth in the European market, which has 277 million vehicles, matching North America".

CMT adds that Berg Insight forecasts that the number of telematics policies in Europe will grow over 21% each year to 2025.

Meanwhile, in Germany, actuary MSK predicts that 10 million drivers will participate in a telematics programme in the next two years. 

The company also says 65% of European drivers say they would opt for usage-based insurance if their insurer offered it.

Marijan Mumdziev, Amodo’s CEO, will become CMT’s MD of Europe.

William Powers, CMT CEO, says: “We’re strengthening our European efforts by adding Amodo’s expansive market knowledge and deep relationships, and doubling our team in Europe to over 100 people to enable more European organisations to realise the incredible benefits of telematics — all while saving lives on the road.”

Mumdziev says: “From try-before-you-buy, to pay-as-you-drive, to pay-per-mile, our team has launched over 50 telematics programs over the past nine years. We look forward to bringing our capabilities and market expertise in Europe and beyond to CMT.”

For more information on companies in this article

Related Content

  • US ITS sector needs strategic leadership
    January 31, 2012
    The US is losing its advantage in the ITS sector because of a lack of strategic leadership, according to a new report from the Information Technology and Innovation Foundation. Here, Stephen Ezell, one of the report's authors, talks to ITS International about what can be done to remedy the situation. A new report from the Information Technology and Innovation Foundation (ITIF), Explaining International IT Leadership: Intelligent Transportation Systems, makes for sobering reading within the US ITS community.
  • CMAC Group and Taxi.EU join forces in Europe
    November 12, 2024
    Integration will access network of 165 transport providers and 65,000 vehicles
  • Collision avoidance systems market ‘worth US$50.38 billion by 2020’
    December 2, 2015
    New research from MarketsandMarkets claims that the collision avoidance systems market is expected to grow from US$31.19 billion in 2014 to US$50.38 billion by 2020 at a CAGR of 7.74 per cent. The report, Collision Avoidance Systems Market by Device, Technology, Application (Automotive, Aerospace, Railway, Marine, and Construction & Mining), and Region (North America, Europe, Asia-Pacific, and RoW) - Global Trend & Forecast to 2020, says the market is expected to be driven by the growing focus of consumers
  • Transport can build legacy of hope
    November 30, 2020
    Racial and social injustice has come to the fore this year. Samuel Johnson, IBTTA president and Transportation Corridor Agencies CEO, explains what the industry can do to build ‘a legacy of hope and progress’