Pay-as-you go insurtech Zego partners with mobility start-up Drover
London-based insurtech Zego, a provider of pay-as-you-go insurance for drivers and riders who work flexibly with their own vehicles, has partnered with mobility start-up Drover.
Drover is a mobility-as-a-service platform that provides flexible access to cars inclusive of insurance through a marketplace model.
The partnership will see Zego’s flexible insurance policy integrated with Drover’s sign-up process so that private hire drivers are automatically insured when taking out a subscription on a vehicle.
The partnership follows Zego's Series B funding in June wherein it raised $42 million to fund the company’s expansion across Europe and double its workforce. The insurtech also recently partnered with micro-mobility start-up Dott to provide insurance for its fleet of shared e-scooters across France and Belgium.
Sten Saar, CEO and co-founder of Zego, said: “We’re seeing a major shift from ownership to usership in the world of transport and Drover has taken advantage of this movement to create a unique business model, which has huge potential to change the way that we use cars. Like us, Drover’s offering is built on flexibility. This is why we work so well together and why we’re hoping to collaborate further as Drover expands to new territories.”
Rob Prager, head of insurance & risk at Drover, said: “We’re delighted to have partnered with a like-minded tech startup in Zego. Their expertise in new mobility and digital first approach makes them the best possible insurtech partner as we continue to scale. In keeping with our ‘Cars Made Easy’ ethos, we can now give our subscribers more choice and flexibility than they’ve ever had before.”
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