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News

Insurance risk reduction for public transport with GreenRoad

Greenroad Technologies : 11 November, 2008  (Application Story)
Public transport insurance specialists to make risk management assessments and reduce premiums on bus and coach fleets employing GreenRoad driver monitoring application
GreenRoad has announced that Belmont International, a UK 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."
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