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Zego
Commercial motor insurance provider
- 201-500 employees
- Fintech
- B2B
- Cars
- Insurance
- City of London, London, UK
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Company mission
To provide businesses and people with insurance they control, saving them both time and money.
Our take
Zego was early to see the trend towards the gig economy. It was one of the first companies to offer unique insurance to workers in the space (their first products were focused on transport-related insurance for food delivery workers).
The traditional rigid model of insurance is no longer fit for purpose. The world is becoming more urbanised, and the vehicle economy in particular is moving away from traditional ownership to shared use.
Success in this space requires strong partnerships with big underwriters, so there's defensibility for the companies that crack it. Zego is off to a good start here as one of the first movers, having struck up partnerships with huge underwriters like RSA.
Zego is the first insurtech company in the UK to be awarded a licence to underwrite its own insurance products. This allows them to provide innovative policies, alongside working with their insurer partners.
The company is aiming big. The CEO recently said they expect to be bigger than Allianz, the $100bn insurance giant, by 2030. They launched in Spain, France and Belgium in 2019 and are planning further expansion across Europe in 2020.
In September 2019, Zego sold more than 100 million hours of flexible insurance policies - equivalent to 250m pizza deliveries. This shows the huge presence they now have in the market.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Truly flexible approach to work, enabling Zegons to manage their work-life balance
Company values
- Take the wheel: We’re drivers, not passengers. We embrace ownership and trust and empower others to do the same. We make good on our commitments. We always find a way to do the right thing for our customers, Zego and Zegons
- Blaze a trail: We think differently. We’re curious and creative. We’re disrupting an industry so we look ahead and experiment, learn, and evolve. We value innovation from incremental improvement, just as much as we do from big, bold ideas
- Drive to win: We demand the best of ourselves and inspire each other to demand the same. We are impact-driven and prioritise accordingly. We work smart, look after our well-being and foster a safe, productive environment. We make progress every day because we're here to win
- Zego before ego: We are strongest when we work as one team, connecting our ideas and actions to bring the best of Zego to every opportunity. We care about each other. We celebrate diversity, nurture belonging, and appreciate how every Zegon’s uniqueness makes working here fun
Funding (last 2 of 6 rounds)
Mar 2021
$150m
SERIES C
Jun 2019
$42m
SERIES B
Total funding: $209.6m
This company has top investors
Leadership
Sten Saar
(CEO)Head of Operations at Onefinestay and Operations Director at Deliveroo.
Harry Franks
(CCO)Operations Manager at Onefinestay and Global Head of Procurement at Deliveroo.
Stuart Kelly
(CTO)Manager of Front End at Onefinestay, Head of Engineering at Hubble.
People progressing
Sam joined Zego as Senior Content Manager but has progressed to become Head of Brand and Comms at Zego.
Jack joined Zego in Customer Support but took advantage of the internal mobility scheme to move over to the Marketing Team.
Diversity, Equity & Inclusion at Zego
- Zegons are at the heart of everything we do. That’s why it's vital we create the conditions that enable us to both attract and retain exceptional and diverse talent and to drive outstanding performance through a highly engaged culture. At Zego, we are dedicated to creating a healthy, safe, and engaging culture, that places the utmost importance on the principles of diversity, inclusion, and belonging
- We cannot speak about attracting and retaining top talent without these vital principles playing an essential part in our everyday culture, including our hiring process. Our understanding of diversity is not limited to the typical characteristics of gender, orientation, or race, but also encompasses accessibility, thought, social mobility, and experience. We aim for every Zegon to play an active role in contributing to our culture, as well as empowering them to attain valuable career growth and experiences
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