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Zego

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Zego
Private
ISIN🆔
IndustryInsurance
Founded 📆2016
Founders 👔Sten Saar, Harry Franks, & Stuart Kelly
Headquarters 🏙️, ,
Area served 🗺️
Members
Number of employees
🌐 Websitewww.zego.com
📇 Address
📞 telephone

Zego Insurance is an insurance provider based in London, focusing on serving self-employed individuals in the gig economy. The company's range of insurance products is designed to cater to different professional roles, including private hire taxi drivers, food delivery drivers, couriers, tradesmen, and commercial van drivers.

Insurance services[edit]

Zego offers private hire insurance, which is used by Uber drivers and others in similar roles. This insurance is intended for those involved in private hire taxi services. The company also provides hire and reward insurance, known in the context of food delivery as food delivery insurance. This is available to drivers working with platforms such as Uber Eats, Deliveroo, and Just Eat.[1] Zego's offerings include courier insurance, targeting individuals who work as couriers such as Amazon Flex. This insurance is available for those needing coverage during their courier activities. For tradesmen and commercial van drivers, Zego has carriage of own goods insurance. This is intended for those using their vehicles for business activities, like transporting tools or goods.

History[edit]

Zego was founded in 2016 by former Deliveroo employees Sten Saar and Harry Franks, alongside Stuart Kelly, former Head of Engineering at Hubble.[2] The company originally began operating in the motor insurance market but later expanded into other areas of insurance.[3]

In 2018, Zego started offering insurance policies in Ireland[4] and in Spain.[5] In 2020, the company started offering private hire taxi insurance policies to Uber drivers.[6][7]

In 2020, Zego acquired insurance company Drivvit.[citation needed] In 2022, Zego launched SDP insurance for courier drivers.[8] In 2022, Zego made Financial Times list of Europe’s fastest-growing companies.[9] Since 2016, Zego has raised over $150M in Series C funding and is Valued at $1.1 Billion.[10][11]

Awards and honors[edit]

  • 2018 - Featured in the 2018 InsurTech 100 list of the world’s most innovative insurtech companies.[15]

2018 - People's Champion Finalist at the Startups.co.uk Startups Awards.[16]

References[edit]

  1. "New Exclusive Offer with Zego". Inside Track Just Eat. Retrieved 6 December 2023.
  2. Price, Rob. "A startup founded by ex-Deliveroo employees thinks it has solved a costly problem for couriers". Business Insider. Retrieved 25 November 2022.
  3. "Gig economy start-up launches pay-as-you-go public liability cover". Insurance Times. 2018-07-11. Retrieved 25 November 2022.
  4. Hamilton, Peter (21 September 2018). "Pay-as-you-go insurer for gig economy enters Irish market". The Irish Times. Retrieved 25 November 2022.
  5. "Economía/Finanzas.- La compañía de seguros flexibles bajo demanda Zego comienza a operar en España". La Vanguardia. 2018-12-12. Retrieved 25 November 2022.
  6. Shubham Sharma,"British insurtech startup Zego accelerates into the Netherlands". uktech.news. 19 January 2022. Retrieved 25 November 2022.
  7. Clare Ruel,"BZego and QBE expand Partnership". insurancetimes.co.uk. 22 November 2022. Retrieved 25 November 2022.
  8. "Entrepreneurs: Changing insurance with deals for the gig economy". Evening Standard. 17 September 2018. Retrieved 25 November 2022.
  9. "FT 1000: Europe's Fastest Growing Companies 2022". Financial Times. March 2022. Retrieved 6 December 2023.
  10. "Zego Raises $150M in Series C; Valued at $1.1 Billion". finsmes.com. 12 March 2021. Retrieved 25 November 2022.
  11. "Insurtech Zego scores mega-round, bringing usage-based insurance to gig workers". Insider Intelligence. Retrieved 6 December 2023.
  12. "Fast Track - Zego | Virgin Media Business". www.virginmediabusiness.co.uk. Retrieved 25 November 2022.
  13. Franklin-Wallis, Oliver (2018-08-28). "The hottest startups in London". Wired UK. ISSN 1357-0978. Retrieved 25 November 2022.
  14. "2018 Evening Standard Business Awards: the shortlist nominees revealed". Evening Standard. Retrieved 25 November 2022.
  15. "InsurTech 100 – The world's most innovative InsurTech companies that every leader in the insurance industry needs to know about". Retrieved 25 November 2022.
  16. "People's Champion Finalist 2018: Zego". Startups.co.uk. 22 October 2018. Retrieved 6 December 2023.
  17. "Zego Picks Up Deloitte Award". insurance-edge.net. 24 November 2021. Retrieved 25 November 2022.

External links[edit]


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