Founder(s): Harry Franks, Sten Saar, Stuart Kelly
Description: Zego is a commercial motor insurance provider that powers opportunities for businesses, from entire fleets of vehicles to self-employed drivers and riders.
Zego is a commercial motor insurance provider offering solutions for businesses ranging from self-employed drivers and riders up to entire fleets of vehicles.
It harnesses best-in-class technology and sophisticated data sources aiming to maximise cost- and time-efficiency.
They wanted to combat the problems associated with more traditional insurance providers. This old school approach is typically expensive, time-consuming and inflexible and does not help businesses who use vehicles earn money. Thus, they introduced Zego as a solution to this problem for businesses.
Zero offers simple and flexible auto insurance policies through both their website and mobile app, covering businesses of all types and sizes. Their product portfolio is constantly expanding, offering a range of motor, professional and commercial insurance policies across multiple countries.
Since its founding in 2016, Zego has raised over $200 million in funding and was the first UK insurtech to be valued at over $1 billion. It was also the first to be awarded its own insurance license and recently won Tech Company of the Year 2020. They have protected over 200,000 vehicles for thousands of businesses, from sole traders to fleets to global corporates.
They count some of the biggest companies among their client list including Uber, Deliveroo and UberEats.