InsurTech profile: Zego - insurance made simple

By Matt High
Zego uses innovative, paperless technology to offer flexible and personalised insurance to small business, the self-employed and more Zego’s proposit...

Zego uses innovative, paperless technology to offer flexible and personalised insurance to small business, the self-employed and more

Zego’s proposition is straightforward: “work insurance made flexible. Simple. Better.”

The innovative insurtech was borne out of a vision of a world where insurance no longer limits our choices. 

Insurance, says the company, “hasn’t changed in more than a century”. But, how we live our lives and the technology we use to do so, has. 

This means that traditional insurance policies and models are no longer in line with our ambition, particularly when it comes to small businesses, flexible working or things like vehicle-sharing.

Disrupting the insurance model

This realisation spurred Zego co-founders, Sten Saar and Harry Franks to take action. 

As former directors at Deliveroo, Saar and Franks found it difficult to onboard new delivery riders, who had to provide proof of an expensive annual insurance policy. 

To them, the solution was clear: pay-as-you-go cover with low upfront fees. And thus, Zego was formed. 

Since 2016, the company has actively worked to remove the barriers that prevent people living and working how they wish. 

To do this, Zego offers simple, flexible policies through its dedicated app, or over the phone or internet, that cover any size of enterprise. Or, as it explains, “top of the range, custom products to explore the full potential of their entrepreneurial spirit”. 

SEE MORE:

How Zego works

The company uses a paperless approach to its policies. All information and details can be viewed in the Zego app; customer service can be accessed the same way. 

The process is simple, too. After deciding on a specific policy, for example, quotes are offered online or via the app within minutes - the app is available in Google Play and the Apple App Store. 

Insurance products available include: 

  • Private hire insurance
  • Scooter insurance
  • Car insurance
  • Fleet insurance
  • Van insurance

Find out more about Zego here.

For more information on all topics for FinTech, please take a look at the latest edition of FinTech magazine.

Follow us on LinkedIn and Twitter.

Share
Share

Featured Articles

Gusto: Rise of Embedded Fintech to Drive Differentiation

We speak to Yi Liu, GM of Embedded Payroll at Gusto, on the rise of embedded fintech partnerships in fintech and the use of data for differentiation

Moody’s: Financial Crime at Shell Companies – The Key Signs

In this deep dive, Moody’s Analytics' Senior Director Ted Datta details how to tell if a shell company is being used for financial crime…

EU Council Adopts Instant Payments Regulation

The Council of the European Union has adopted new regulation that will make instant payments in the euro currency available to all EU and EEA members

Ericsson and HPE Partner to Launch Fintech Cloud Services

Financial Services (FinServ)

Capital One's Takeover of Discover: All you Need to Know

Financial Services (FinServ)

Sustainability LIVE Net Zero: Sustainable Finance Insights

Sustainability