It caters to the spike in demand for delivery and courier fleets during the UK’s lockdown
London-based Insurtech Zego has expanded its partnership with RSA to provide flexible insurance cover for van fleets.
Zego will be offering usage-based policies to delivery, courier or trade van fleets of 20-200 vehicles in the UK.
It will reduce upfront costs for these businesses using flexible usage-based insurance.
Gianluca Uberti, director of enterprise at Zego, said: “We have been working in partnership with RSA to deliver flexible policies for individual drivers for the past few years and I am thrilled that we’ve been able to build on this partnership to provide cover for van fleets.
“From today, we’ll be able to offer van fleet owners access to a unique insurance product, which provides them with truly flexible, usage-based insurance, at a fair price.”
John Dawe, partnership director at RSA Delegated, said: “We are excited to be expanding our existing partnership with Zego, combining RSA’s dedicated expertise in Delegated Authorities with Zego’s passion for creating flexible insurance solutions for customers.
“We look forward to working with Zego to launch this and other products in the immediate and longer-term future.”
With Zego’s policy, a van fleet owner whose vehicles are not on the road will not pay more than a base subscription rate.
Also, if the business experiences a sudden increase in demand, its costs are capped so that it will never pay more than an agreed limit.
Zego said that this flexible approach means that a customer’s insurance costs align with their workload, and revenue.
Founded in 2016, Zego currently insures a many of the UK’s delivery and ride-hailing workforce, partnering with companies including Uber and Deliveroo.
It provides a range of flexible B2B insurance products for fleet businesses and new mobility services such as car sharing, car leasing and e-scooter platforms, its B2B partners include WeFlex, Splend and Drover.
In November 2019, Zego became the first UK insurtech to gain its own insurance licence, enabling it to build and sell its own policies.
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