Parrot: An integrated Insurance and Fleet Management Solution

Managing Fleets

Managing a fleet of vehicles comes with numerous responsibilities. In addition to supporting and managing drivers, fleet handlers must equally prioritise the safety and protection of their assets.

While an inclusive Group Motor Insurance mitigates almost all risks, a good Fleet Management Solution can help facilitate the management process and improve operations through data collection, workflow automation, asset accountability.

Fleet Insurance provides vital advantages:

Less hassle - As fleet insurance covers the whole fleet under one policy, it involves less paperwork and less hassle.

Often cheaper - Fleet insurance is typically more affordable and convenient than having lots of individual policies. A larger fleet size also assures better negotiation grounds for more competitive prices.

More flexible - Businesses can determine which types of vehicles are covered in the policy and whether every driver has access to all vehicles or just specific ones.

More inclusive - Applicable mostly for drivers that can’t get insurance individually, are often insured under the fleet insurance policy. This is because the individual risk of drivers is balanced out across the board.

The Parrot Insurance and Fleet Solution – A driving and driver behaviour centric approach

Complimenting a good Group Motor Insurance is an inclusive Fleet Management Solution like Parrot to manage costs effectively, gain visibility into fleet operations and most importantly, train for better driving behaviour.

It is an exclusive combination of a competitively priced insurance coverage, with a possibility to earn back up to 15% of the base premium, based on driving behaviour and a trailblazing fleet management dashboard that enables driver behaviour tracking, solidifying the fleet operation’s security and success.

Zero hardware dependencies - Parrot’s solution does not incur any additional hardware integration cost. The costs of installing, maintaining, and upgrading hardware can be immediately curbed, which can especially be significant for large and geographically spread-out fleets. Agile in implementation, any existing fleet hardware that the enterprise prefers to retain can also be integrated with the solution.  While the hardware approach is vehicle-centric, Parrot’s approach is driver and driving behaviour centric. Irrespective of any vehicle the driver may be driving, the driving behaviour analysis can be tracked and integrated with the fleet’s predictive maintenance or even driver benefits like training, evaluation, or rewards.

Improved safety and security - Parrot app-based solution only uses the driver’s smartphone GPS and sensor data to record harsh incidents like unprecedented acceleration, braking or lane changes. This combination of data provides higher accuracy in route tracking and historical driving pattern analysis. The app’s SOS feature provides additional proactive safety to the fleet. Compared to only hardware-based approach, which is solely dependent on GPS, ignoring a wholistic data view.

AI-enabled - After each trip, the Parrot Analytics engine’s sophisticated mathematical models merge this data with factors like time of the day, trip duration, weather condition, etc., to provide a Trip Score. Each quarter, drivers get rewarded for safe driving, as they can redeem their aggregated trip scores for Shell fuel vouchers or carbon credits from Shell Nature-based solutions.

Go Green - Parrot also uses internationally accepted greenhouse gas (GHG) norms to track carbon emission for every trip taken. Improved driving behaviour can reduce carbon emission, and increased awareness may lead to concrete actions. The end goal is a better and greener environment, safety and positive behavioural affirmations.

A complete claim administration module in the app and through the fleet admin console helps file claims quickly and straightforwardly. The drivers get roadside assistance at the time of need. At the same time, the enterprise can monitor effectively with the value-added accident reports and customised reports like speeding analysis, idling analysis etc. Businesses can prevent future incidents by creating stipulations for drivers like setting compulsory breaks, late-night driving restrictions and defining internal speed limits.

While fleets are diverse in their needs and management styles, one thing remains consistent: the need for fleet data reporting. Regardless of fleet size and industry, data reporting is essential in ensuring every aspect runs efficiently and cost-effectively. Parrot’s scalable, seamless driving behaviour centric approach stabilises the moving pieces in fleet management, prioritising safety and an overall greener environment.