Zego (insurance)

Zego is a London based insurtech start-up that provides flexible motor, personal and commercial insurance. The company sells policies ranging in length from an hour to a year. Customers purchase these online, via phone and through Zego’s app.
Zego was founded by former Deliveroo employees Sten Saar and Harry Franks, alongside Stuart Kelly, former Head of Engineering at Hubble. The company originally began operating in the motor insurance market, selling policies by the hour to part-time delivery drivers.
Since 2016, the company has expanded into other areas of insurance, including public liability insurance for self-employed professionals and employers’ liability cover for businesses. In September 2018, Zego launched overseas, making flexible motor insurance products available to delivery drivers in Ireland. In December 2018, Zego began offering motor insurance policies in Spain.
Concept
Franks stated that his inspiration for Zego came when looking into insurance for delivery drivers whilst at Deliveroo.
Funding
The company has raised over £6 million in funding since 2016. The funding was led by venture capitalists Balderton Capital with participation from LocalGlobe and various angel investors.
Awards & Nominations
Zego was named a Virgin Media Business Disruptor to Watch in May 2017, and in August 2018 was featured in Wired Magazine’s annual list of the ‘100 hottest startups in Europe’. The company was also nominated in the SME and Start-Up category at the 2018 Evening Standard Business Awards and featured in the 2018 ‘InsurTech 100’ list of the world’s most innovative insurtech companies.

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