ZEGO wins Fleet Safety Innovation Award at the UK Fleet Champions Awards 2023.
ZEGO is an insurance provider specialising in fair commercial fleet coverage. With its unique behaviour-based insurance model, ZEGO uses algorithms and technology to calculate a fleet’s risk and rewards businesses with safely operating fleets.
The Fleet Portal and Risk Management Solution was launched in 2022 to address the issue of what are sometimes considered ‘unfair’ insurance policies for fleets. ZEGO’s Fleet Portal allows fleet managers to easily amend their details by adding or removing vehicles. They can also monitor policy details and handle claims.
The Risk Management Solution uses AI and telematics data to provide detailed insights into driver behaviours and vehicle performance. Fleet managers can use this information to work with drivers to improve safety.
Since implementing these systems, ZEGO reports that fleets have seen an improvement in efficiency and cost savings. Between February and May 2022, there has been an improvement in claims reporting time, a 24% reduction in claims frequency, and an overall reduction of 33% in loss ratios.
The Fleet Safety Innovation Award, sponsored by Arval, was presented to ZEGO at the UK Fleet Champions Awards 2023. The award celebrates the fleet operator and fleet supplier that has developed a pioneering approach to fleet safety in 2022 with the greatest success.
See more UK Fleet Champions Awards 2023 winners.