Zego is expanding into new markets
The collaboration between Zego and ABAX started in the UK in 2020, and now this data-led insurance model is expanding into Europe – most recently launching in the Netherlands and expanding its presence in France.
Zego and ABAX can now announce their launch in the Netherlands, and at the same time, a ramp-up of operations in France. Through its use of data, Zego can price policies more accurately, meaning fleet businesses can save both time and money.
ABAX’s telematics helps Zego give fleet businesses more control over how their assets are managed, allowing fleet managers across Europe to increase business efficiency, reduce risks and save money on insurance premiums.
Once a small ABAX telematics device is installed on the company car or van, both Zego and the customer can see how the vehicles’ drivers are behaving on the road. Zego then uses this information to share insights with drivers to improve their driving, and ultimately calculate their premium prices at renewal.
One of Zego’s fleet insurance solutions is a usage-based option that helps to ensure that premiums will always reflect positive or negative seasonal changes in the customers’ businesses. Another option opened up through the partnership between Zego and ABAX, is a flat-rate policy. Unlike the usage-based option, flat-rate insurance is a more cost-effective option for fleet companies with consistently high mileage and demands.
Zego was founded in 2016 and currently insures a large portion of the UK’s delivery and ride-hailing workforce, partnering with companies including Uber and Deliveroo. The company also provides flexible insurance to fleets, and new mobility services such as car sharing, car leasing and scooter companies. In November 2019, Zego became the first UK insurance to develop its own insurance model, enabling it to build and sell its own policies.