The insurance industry moves slowly because incumbents have no incentive to change. They are profitable doing exactly what they have always done. Startups have to force the change.
When the gig economy exploded, insurance did not keep up. A delivery driver should not have to pay the same premium as someone who drives once a week.
Pay-as-you-go insurance is not a gimmick. It is the only model that makes sense for flexible workers. Why should you pay for coverage when you are not working?
We built Zego because we saw friends delivering food on bikes and scooters with zero insurance. One accident could bankrupt them.
Telematics data lets us price risk based on how you actually drive, not based on your age and postcode. That is fairer for everyone.