There are a number of exciting trends we’re seeing in the mobility space, as 2021 draws to a close.
Whether it’s people that use vehicles for work changing their relationships from owners to users, or the continued proliferation of rapid grocer delivery services - we’ve seen the entire mobility landscape shift in 2021 to suit both consumer and driver/rider needs.
Here are a few examples below and how we at Zego are positioning ourselves to help our customers manage these changes.
Ownership to Usership
Car leasing and vehicle subscription: allow people to drive cars without owning them – a far more sustainable model, supporting modern ways of living and working.
Monthly, yearly or even shorter subscription contracts, allowing people to use vehicles when they need them.
This obviously feeds into the growing fleet market with more vehicle businesses needed to cater to fewer people owning vehicles.
Zego has formed a number of fleet partnerships including with car leasing businesses such as Drover, Splend, WeFlex and, more recently, SOGO, and partnerships in Ireland with leading taxi firms, Bolt and FREENOW.
The flexibility of our policies means insurance costs match cash flow and Fleet businesses can also save time and money when cars aren’t on the road
We’re using telematics data to monitor driving performance and can begin pricing insurance far more accurately based on actual driver behaviour rather than traditional factors such as age and gender.
New Mobility and Electric Vehicles
The introduction of e-vehicles and other forms of new mobility - including e-scooters, e-moped and e-bikes - play a crucial role in boosting the UK’s sharing economy, whilst contributing significantly to a green recovery post-Covid.
The growth of Tesla and ramping up of EV offering amongst big motor companies, as well as larger companies in adjacent sectors, like energy giant BP, launching electric fleets. This coupled with the Government’s environmental plan and ban on new petrol and diesel cars from 2030 means that this form of transport is here now and will play a major role in the future.
Zego has partnered with most of the major e-scooter companies in the UK including TIER, Voi and Ginger.
Our insurance policies are fully integrated into the rider sign-up process to ensure that users have the Government’s required Third-Party Liability insurance.
Zego’s insurance can allow fleet businesses to take a more flexible approach in their transition to electric.
Zego is playing a part in helping one of the world’s largest energy giants, BP, reduce its carbon footprint with an electric fleet. Innovative companies want to pair with like-minded companies and we are always open to discussions around EV fleets & partnerships.
Growth in rapid grocery delivery and courier services
Since the turn of 2020, we’ve seen a marked growth in the amount of rapid grocery delivery and courier services in the UK.
Although this part of the market was already growing, Covid-19 and the work from home requirements has boosted this sector even further, which is on pace to be worth around £4.4B by 2025 (according to reports from analysts at Berenberg).
This may be why we’re seeing a lot of new starters in this space, particularly in the rapid grocery delivery space, including some of Zego’s partners Dija and Getir, as well as other competitors Gorillas and Zapp.
At Zego, we started out in the gig-economy market and now insure a third of delivery riders and ride-hailing drivers in the UK - and we’re still expanding.
We’ve partnered with big work providers like Deliveroo and JustEat, and our value proposition puts us in a unique position; able to provide the cover needed for rapid grocery delivery companies.
Knowing our customers, their expectations are at the centre of everything we do at Zego. That’s one of the reasons that we launched flexible products for food and grocery delivery moped and e-bike fleets in partnership with Wakam, for example.