Insurtech Zego expands presence in UK broker market with new partnership

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 Bravo Group to expand its presence in the UK broker market.

Zego's new partnership with Broker Network and Compass Networks, UK-based independent brokers that sit within Bravo Group, will enable it to boost its fleet offering and enable access to a wider pool of businesses.

The insurtech's usage-based model allows businesses to better align insurance costs with their workload and cashflow, while paying for a policy that better reflects their risk.

Gianluca Uberti, director of enterprise from Zego, said: “We believe there are thousands of fleet companies out there which can benefit from our flexible, usage-based insurance products, and by working with Bravo Group and its brokers, we will be able to reach these.”

Jaime Swindle, managing director of Networks and Products, added: “Usage based insurance policies have been in existence for some time. Client needs are constantly evolving and the demand for flexible insurance for business motor customers has increased significantly with the current climate as these customers adapt to the ‘new normal’.

“At Bravo Group we want our Networks’ insurer relationships to allow our brokers to provide their clients with products that are reflective of today’s world, and the partnership with Zego offers a number of innovative solutions to meet these demands. We are already seeing members respond well to this new offering and I am excited to see this continue to thrive.”