What is Zego? Zego Review, Features

Zego is a provider of motor insurance services, offering a variety of products including pay-as-you-go and annual policies for commercial fleets, self-employed individuals and riders.

About Zego

Founded in 2016 and headquartered in London, UK, Zego has built a customer-centric risk analysis model to provide unique commercial auto insurance services to gig economy practitioners.

Zego's business scope covers five European countries, including the United Kingdom, France, Belgium, Spain and Ireland, and the insurance products it provides cover multiple industries such as online ride-hailing, freight and food delivery.

Zego's Products

The first is on-demand insurance (ODI), which is charged based on the vehicle’s mileage, usage time or driver’s behavior habits.

The second is traditional insurance which is billed on an annual basis.

Among them, ODI is a new type of insurance designed based on customer needs. A research report by KPMG shows that the advantages of ODI lie in its dynamic pricing model, flexible service process and convenient user experience. Through modern technologies such as mobile sensors, interactive processes, the Internet of Things and blockchain, on-demand insurance can achieve near-real-time risk assessment, policy issuance and claims processing, and can cover market gaps that are difficult to fill with traditional insurance products. At the same time, with the booming development of the gig economy in recent years, the market space for ODI is also expanding. India's Tata Consultancy Services believes that the gig economy provides new opportunities for the development of on-demand insurance.