Zego seals new fleet partnership with insurance carrier QBE

Motor insurtech Zego has announced a new partnership with insurance carrier QBE. They will focus on tech-enabled, behaviour-led fleet insurance products.

Motor insurtech Zego has partnered with insurance carrier QBE to innovate and deliver tech-enabled, behaviour-led fleet insurance products.

London-based QBE will initially underwrite Zego’s behaviour-led fleet product, which makes use of telematics data to provide a full picture of a fleet's risk profile and share actions a fleet can take to reduce their risk. Zego’s behavioural insights and risk management tools are delivered in part through its digital-first fleet portal, which is powered through proprietary behavioural data algorithms that are tailored to individual fleets.

As fleets begin to use these insights and improve their behaviour, they can unlock up to 15% cashback on their policy, Zego says, ensuring that fleet operators are incentivised to take up safer driving behaviours.

Zego looking to consolidate industry partnerships

The partnership could be a first of many for insurtech unicorn Zego, which in a statement suggested it was “looking to engage with a smaller group of… strategic partners” in order to strengthen its innovation pipeline.

Sten Saar, CEO of Zego, says: “Partnering with QBE felt like a natural decision and we are incredibly excited about the future of Zego with them on board as a partner. Zego and QBE share a passion for innovation around risk; we look forward to continuing to build on our revolutionary insurance products with QBE by our side.”

Jon Dye, Director of Underwriting (Motor) for QBE, continues: “Working with an innovative and data-driven partner such as Zego will help provide fleets with more tailored solutions while providing us with greater insight into how to best meet their needs. We are excited to be joining them on our shared vision to develop forward-thinking and sustainable customer solutions.”


Featured Articles

Top 10 pet insurance startups and insurtechs

For pet owners, taking out pet insurance is a smart move that covers you against unexpected costs and bills. Here are 10 of the most successful providers

How will blockchain technology reshape the insurance market?

Blockchain has the power to completely transform insurance, but are business leaders on board and how do we unleash its full potential?

Karen Lynch: Blazing a trail for the Health insurance sector

Karen Lynch is the President and CEO of CVS Health – a leading US health insurance provider. In 2021, she was the top ranking female CEO in the Fortune 500

Top 10 insurtech incubators and accelerator programmes


InsuranceDekho raises US$150mn in Series A funding round


Could insurance technologies save more lives in earthquakes?

Technology & AI