,Singapore

Zensung, ERGO, Munich Re to launch ‘GO GREEN’ insurance policy

It will be delivered through the “Parrot” mobile application and policyholders can monitor their trips and CO2 emissions. 

Singapore-based InsurTech firm Zensung and insurance firms ERGO Pte. Ltd. and Munich Re partnered to launch “Parrot Safe Driver,” a “GO GREEN” motor insurance policy in Singapore.

Zensung, on Wednesday, said the policy delivered through its “Parrot” app using artificial intelligence, will make buying and monitoring car insurance “simpler, greener and fairer.” Users can purchase a policy, make a claim and receive safe driving rebates through the application.

It will also allow the policyholders to monitor their trips and repay for the carbon dioxide (CO2) emissions caused, using a globally recognized Greenhouse Gas Protocol to calculate the emissions.

The policyholders will also be given the option to become “CO2-neutral” by buying carbon credits from the application, Zensung said.

“The Parrot concept is also a testament to the shared commitment between Zensung and ERGO in positively impacting the environment and society. Parrot's scientific reward mechanism for safe driving has a far-reaching and long-term impact, enabling a permanent and positive change in its user’s driving habits, contributing towards reducing the number of accidents and making roads safer for the entire community,” it said.

Amod Dixit, founder and CEO of Zensung, said they hope the app will be encouraged to safeguard the environment, adding that the partnership with ERGO and Munich Re Group “represents a shared ambition in offering innovative yet environmentally friendly products.”

ERGO Singapore CEO Karl-Heinz Jung said the launch of the insurance policy “will encourage and reward Singapore drivers to become safer and more environmentally conscious.”

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Around 56% of Singaporeans overspend their money during the season.
In 2021, GDP growth hit 7.1%.
The spectrum boost will deliver significant 5G coverage Australia-wide.
Over 270 entries were received from more than 25 countries.
Micro-businesses cited lack of funds as a barrier to technology adoption.
Winners will be awarded from the first to the second week of December.
Singtel had the most growth for the day.
Its performance improved in two categories.
The expected increase will be driven by three factors.
The two also discussed post-pandemic recovery.
It also recorded a strong performance for H1 2021, despite a net loss of $150.6m.
Jigger & Pony found itself retaining its ninth ranking.
The moderate increase was driven by expansions in five out of six indicators.