Zego provides pay-as-you-go insurance for drivers and riders working for sharing economy companies including Deliveroo, UberEATS, Jinn and Amazon who only pay, via an app or top up card, for cover for the hours they work.
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Research containing Zego
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CB Insights Intelligence Analysts have mentioned Zego in 7 CB Insights research briefs, most recently on Sep 7, 2022.
Expert Collections containing Zego
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Zego is included in 6 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
Gig Economy Value Chain
Startups in this collection are leveraging technology to provide financial services and HR offerings to the gig economy industry
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
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Latest Zego News
Sep 28, 2022
By Richard Jenkins Wednesday, 28th September 2022, 2:21 pm A poll of 2,000 motorists – including private hire, food delivery, public transport, and other ‘everyday’ drivers – were scored on their driving technique and experience to determine which region thinks they are the safest drivers. Categories included their tendency to speed, accidents for which they felt they were to blame, and how often they check their mirrors. And motorists residing in the capital came top overall – believing they drive most safely near schools, take corners most smoothly, and, on average, rarely make a claim on their insurance. Most Popular Yorkshire and the Humber and the West Midlands secured second and third place respectively, in the study commissioned by insurtech company Zego . Advertisement Excellent road behaviour rewarded It also emerged 60 per cent of all drivers believe they pay too much for their motor insurance, as they believe they are good drivers. Advertisement Sten Saar, CEO of Zego, said: “Brits are proud of their driving habits, and it is great to see so many regions scoring highly when it comes to their perceived road safety. “It is so important to be careful on the roads and to put into practice everything we learn in our driving lessons. “That said, it can also be such a shame that so many have to pay over the odds for insurance, especially when they don’t have penalties against them or any claims. “We’re a nation that loves to be rewarded for achieving, and it’s about time good drivers were rewarded for their excellent behaviour on our roads.” Advertisement The South East came out on top for trying not to speed, while the East Midlands was the worst when it came to being at fault for accidents. However, they also believe they are the least likely to brake harshly and always stick to the 10-to-2 position on the steering wheel. Those in Wales are said to have had the least accidents over the past five years, averaging just two, compared to the South West who have had four in the same timeframe. Drivers were also quizzed on how smoothly they take corners, checking their blind spot and if they’re cautious when driving in bad weather conditions. Advertisement Safer driving, fewer casualties The study, carried out via OnePoll, found 57 per cent of motorists have never been caught speeding, and 36 per cent don’t have any points on their driving licence. Advertisement As a result, 53 per cent of road users believe their insurance cover should be fairer and priced based on driving behaviour. A third already use a telematics-based insurance product to get a better price, while 53 per cent would use an app to measure their driving if it rewarded them for safer driving. It also found 32 per cent believe bus drivers are the safest type of motorists, while 22 per cent said taxi drivers and 19 per cent believe delivery drivers are number one. But despite emerging as the self-perceived best drivers, London motorists actually have more points on their licence on average than anywhere else – three. Advertisement While 33 per cent were punished with points for drink driving. Sten Saar of Zego, which rewards safe drivers who use their vehicle for work, such as private hire, delivery drivers and couriers, with its ‘Sense’ policy, added: “It is clear from the poll that Britain is a nation of drivers who really value safe driving, and it is no surprise that many people would prefer that their insurance is based on how they actually drive.” “ People haven’t forgotten all the basic rules they learnt through their theory and driving test, which you think would naturally fade over time. “But safer driving means fewer accidents and, in turn, cheaper insurance in the long run.” Advertisement London – scored 96 out of 100 Yorkshire and the Humber – scored 79 out of 100 West Midlands – scored 74 out of 100 East Midlands – scored 71 out of 100 North East – scored 69 out of 100 Scotland – scored 66 out of 100 South East – scored 64 out of 100 East of England – scored 56 out of 100 Wales – scored 53 out of 100 South West – scored 52 out of 100 North West – scored 46 out of 100
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Zego Frequently Asked Questions (FAQ)
When was Zego founded?
Zego was founded in 2016.
Where is Zego's headquarters?
Zego's headquarters is located at 5th floor, FORA Shoreditch, London.
What is Zego's latest funding round?
Zego's latest funding round is Series C.
How much did Zego raise?
Zego raised a total of $255.5M.
Who are the investors of Zego?
Investors of Zego include Phoenix Court Group, Balderton Capital, Taavet Hinrikus, Target Global, DST Global and 6 more.
Who are Zego's competitors?
Competitors of Zego include Clupp and 5 more.
Compare Zego to Competitors
Qover is a B2B2C company that provides a suite of insurance products to companies, which companies can append to consumer-facing products. Qover provides cross-industry products and companies that generate extra revenue by offering the insurance product to consumers at the point of sale.
Clupp provides mobility insurance for cars, motorcycles, bikes, skateboards, and similar vehicles.
ELEMENT is a B2B2X tech company with a license of the German Federal Financial Supervisory Authority (BaFin). It is a fully digital risk carrier offering private property and casualty insurance that enables a large portfolio of retail protection products through various partners. The company was founded in 2017 and is based in Berlin, Germany.
Slice Labs is an on-demand insurance cloud platform provider that empowers insurers to deliver new value to customers through direct insurance or insurance agent models without investing in infrastructure to provide customized on-demand, pay-as-you-go insurance products.
Moonshot Insurance develops usage-based insurance products and services dedicated to eCommerce. The platform offers contextual B2B2C insurance with a entirely digital experience.
KASKO provides an InsurTech-as-a-Service platform. The platform lets insurance providers, brokers, and coverholders develop plug-and-play-ready insurance products in a cost-effective manner. The company was founded in 2015 and is based in London, U.K.
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