Zego cut its net loss to ~£4m.

Zego reached a $1.1 billion valuation in 2021.

Revenue for the year stood at £11.5 million.

QBE will underwrite Zego’s behavior-led fleet product.

According to LinkedIn, Zego had around 500 employees prior to these layoffs. 

Ryde is an on-demand logistics company connecting businesses with last mile delivery riders and drivers.

Zego and ABAX can now announce their launch in the Netherlands, and at the same time, a ramp-up of operations in France.

The companies are announcing a multi-year partnership.

This round values the company at $1.1 billion.

From here on out, Zego and Brite will share trip data to better allow the insurance company to base their prices off of usage. 

Awarded by the Dutch regulator AFM, this license will enable Zego to work with EU-based insurance partners and customers to provide their products in more countries, without friction in the aftermath of the Brexit transition period, which ends on 31 December 2020.

The deal follows a partnership with Drivit in which Zego tested and launched telematics-based policies.

London-based provider of pay-as-you-go insurance now offers 30-day and Annual combined car delivery insurance policies to delivery drivers working across the UK.

FREE NOW is Zego’s first taxi work provider partner in Ireland, which marks a significant milestone as the company continues to bring fundamental changes to the Irish taxi insurance market.