InsurTech profile: Zego - insurance made simple
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”.
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.
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Check Point: Securing the future of enterprise IT
Cybersecurity solutions provider Check Point was founded in 1993 with a mission to secure ‘everything,’ and that includes the cloud. Conscious that nothing remains static in the digital world, the company prides itself on an ability to integrate new technology with its solutions. Across almost three decades in operation, Check Point, with its team of over 3,500 experts, has become adept at protecting networks, endpoints, mobile, IoT, and cloud.
“The pandemic has been somewhat of an accelerator in the evolution of cyber risk,” explains Erez Yarkoni, Global VP for Cloud Business. “We had remote workers and cloud adoption a long time beforehand, but now the volume and surface area is far greater.” Formerly a CIO for several big-name telcos before joining Check Point in 2019, Yarkoni considers the cloud to be “part of [his] heritage” and one of modern IT’s most valuable tools.
Check Point has three important ‘product families’, Quantum, CloudGuard, and Harmony, with each one providing another layer of holistic IT protection:
- Quantum: secures enterprise networks from sophisticated cyber attacks
- CloudGuard: acts as a scalable and unified cloud-native security platform for the protection of any cloud
- Harmony: protects remote users and devices from cyber threats that might compromise organisational data
However, more than just providing security, Yarkoni emphasises the need for software to be proactive and minimise the possibility of threats in the first instance. This is something Check Point assuredly delivers, “the industry recognises that preventing, not just detecting, is crucial. Check Point has one platform that gives customers the end-to-end cover they need; they don't have to go anywhere else. That level of threat prevention capability is core to our DNA and across all three product lines.”
In many ways, Check Point’s solutions’ capabilities have actually converged to meet the exact working requirements of contemporary enterprise IT. As more companies embark on their own digital transformation journeys in the wake of COVID-19, the inevitability of unforeseen threats increases, which also makes forming security-based partnerships essential. Healthcare of Ontario Pension Plan (HOOPP) sought out Check Point for this very reason when it was in the process of selecting Microsoft Azure as its cloud provider. “Let's be clear: Azure is a secure cloud, but when you operate in a cloud you need several layers of security and governance to prevent mistakes from becoming risks,” Yarkoni clarifies.
The partnership is a distinctly three-way split, with each bringing its own core expertise and competencies. More than that, Check Point, HOOPP and Microsoft are all invested in deepening their understanding of each other at an engineering and developmental level. “Both of our organisations (Check Point and Microsoft) are customer-obsessed: we look at the problem from the eyes of the customer and ask, ‘Are we creating value?’” That kind of focus is proving to be invaluable in the digital era, when the challenges and threats of tomorrow remain unpredictable. In this climate, only the best protected will survive and Check Point is standing by, ready to help.
“HOOPP is an amazing organisation,” concludes Yarkoni. “For us to be successful with a customer and be selected as a partner is actually a badge of honor. It says, ‘We passed a very intense and in-depth inspection by very smart people,’ and for me that’s the best thing about working with organisations like HOOPP.”