Since the very first policy we sold at Zego, we have been looking to support the development of new and innovative companies. Just as Lloyd’s of London helped facilitate global trade and as satellite insurance paved the way for modern communications technology, it is the role of insurance to help enable progress in the world rather than hinder it. As an insurtech, it is our responsibility to continue to support innovation with insurance products designed for the 21st century.
Historically, the UK has struggled to adapt its historic laws regarding road use to the changing needs of a new generation. As e-scooter companies begin a UK wide trial in conjunction with the Department for Transport, it marks a big moment for the UK mobility space. The UK government has taken a quick, decisive and proactive approach to this growing demand, but has done so in a way that allows a new vehicle group to join the road network in a controlled and safe manner.
At Zego, we are proud to be helping micromobility companies fulfil their requirements from an insurance and safety point of view, whilst also giving them a solution that allows them to focus on making the most of this limited trial time. Together with our insurance partners, we are offering a fully integrated solution, built using the latest technologies to provide real-time cover that is smart, simple and fair.
Our implementation of this solution for these companies highlights how insurance and technology can work so well together. Technological advancements have often posed challenges for traditional insurers. Zego’s products, however, can display the required adaptability and flexibility to keep pace with the rate of change and innovation. Through the data that we collect, we can understand the real exposure of e-scooters, so we can learn, iterate and continue to improve our products further.
Additionally, the potential for e-scooters to ease pressure on public transport networks and offer an environmentally-friendly alternative to short car journeys has been discussed widely in the media. By providing insurance solutions that can facilitate the integration of e-scooters on UK roads in a safe manner, we are helping mobility to become more eco-friendly and have a positive impact upon climate change.
Zego exists to create new possibilities, providing fairer insurance solutions designed to adapt to the ever-changing needs of the modern world. We are excited to be able to support micromobility companies ahead of this landmark event for mobility in the UK.