Helping Clients Manage Risk and Reduce Insurance Costs
London, UK – November 10th, 2008 – GreenRoad today announced that Belmont International, the UK’s leading Insurance Broker specialising in passenger transport, is launching the industry’s first insurance offering specifically aimed at bus and coach companies, based on GreenRoad’s Safety Center.
By analysing individual driver performance and continuously providing them with real-time coaching, GreenRoad Safety Center is proven to improve driving skills. By partnering with GreenRoad, Belmont will have access to better detail to predict fleet risk and be able to offer specific risk management interventions. This will help negotiations for reduced premium levels and improved cover terms.
With GreenRoad, Belmont can now measure the risk associated with each client, driver and operating company in order to improve the effectiveness of risk management efforts. Belmont has integrated the risk information from GreenRoad’s Safety Center with its established risk and claims management activities. This service will be aimed at bus and coach companies operating up to 100 vehicles.
“At a time of financial uncertainty, with the potential for higher insurance premiums and fuel costs, we have been looking for ways to reduce the impact on our clients. With GreenRoad we have found an innovative solution that helps clients make passenger transportation safer and more economical, while giving us the data about risk so we can improve risks and negotiate better deals with insurers,” said David Hinton, deputy managing director, Belmont International. “With our GreenRoad proposition we have secured the support of leading insurers which will enable the delivery of this product and on going risk management advice to our customers at little or no cost to them.”
“Belmont has designed this new offering to bring safety and reduced fuel consumption benefits to a wider audience. With the largest market share in the bus and coach segment, Belmont has the reach to make a considerable impact on the marketplace,” said Eric Shishko, senior vice president, insurance at GreenRoad. “This is a flagship partnership with a UK insurance broker and it demonstrates how GreenRoad’s risk management platform can play an important role in helping fleet insurers and brokers deliver innovative new services.”
About GreenRoad Safety Center
Safety Center uses innovative technology to help improve driving skills and reduce fuel consumption. A personalised professional coach, Safety Center empowers drivers to manage their own safety and improve their driving techniques.
Safety Center provides an automated solution for fleet managers, insurers and insurance brokers. Its in-vehicle sensors collect information on up to 120 different driving manoeuvres. Each manoeuvre is evaluated in five categories: acceleration; braking, lane changing, cornering and speed handling. Using proprietary algorithms, manoeuvres are analysed to give drivers continuous in-vehicle feedback about areas that require improvement, and build their driver profile. Driver safety and economy levels are displayed using a colour classification system: green light indicates safe driving, yellow needs attention and red is high risk.
Feedback is also provided using SMS, email, and Safety Center’s password-protected website. Drivers and managers are able to review detailed reports by fleet, driver, department, manoeuvre type, trip, etc., to easily and accurately identify their high-risk drivers and problem areas.
GreenRoad has already been installed at a number of bus and coach operators in the UK including Stagecoach and Metroline.
About Belmont International
Belmont International is one of the top ten independent insurance intermediaries and financial services advisers in the UK with a client-focused team of over 100 people. It offers a choice of specific or integrated insurance service across the disciplines of insurance, risk management, employee benefits and investments. Belmont International is the sole CPT (Confederation of Passenger Transport) appointed broker.
Belmont is celebrating twenty years specialising in the passenger transport sector and is ongoing sponsor of the prestigious Belmont International Bus Operator of the Year Award.
GreenRoad develops driver safety technologies that stop risky driving before an accident occurs, and dramatically reduce crash rates for fleets and insurance companies. Its solutions are designed to empower drivers to manage their own safety by giving instantaneous, in-vehicle driver feedback—without invading privacy. GreenRoad provides immediate savings, the result is fewer accidents, lower accident costs, and reduced fuel consumption and CO2 emissions. GreenRoad is backed by Benchmark Capital, Virgin Green Fund, Amadeus Capital Partners and Balderton Capital. For more information about GreenRoad, visit http://www.greenroad.com.
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