As the world continues to evolve at an ever-faster pace, traditional insurance models are struggling to keep up. Events from global shifts to personal life changes happen more frequently and unpredictably than ever before. Whether it’s a new job every few years, a switch to hybrid working, or fluctuating delivery hours, one thing is clear: people need insurance that adapts.
Usage-based insurance (UBI) isn’t just a response to today’s challenges — it’s built for any change. At Zego, our flexible, pay-as-you-go and telematics-driven policies ensure you only pay for the cover you actually use, making insurance fairer, simpler and more accurate.
Technology and the access we have to information drives a world where everything is available more immediately. Traditional insurance, however, remains the same. As a result, it does not reflect the frequency of change that we see today, which is becoming increasingly clear as people demand more from insurers. Life is more unpredictable than ever before and flexibility becomes essential as a result.
Although flexible insurance was not designed with our current situation in mind, COVID-19 has highlighted many of the benefits of usage-based insurance policies. Whether we use our vehicles for work or just our own personal driving, many of us have found that we are driving less frequently during this time, creating a large discrepancy between the amount we pay for insurance and our risk as a driver. In the aftermath of our current situation, customer demand for fairer insurance is only likely to increase further. There will be a stronger need for insurance products that can display the agility and adaptability required to respond to new developments.
At Zego, we will do everything we can to support our customers through this time. Whether it is by continuing to provide drivers with flexible cover or launching new insurance products designed specifically to help people in these challenging times, we are here to help. As the world evolves at an ever-increasing pace, we exist to support change, creating new possibilities for everyone from delivery drivers to fleet owners.