Aviva And Zego create partnership to provide fleet insurance
Aviva and Zego have entered a new multi-year partnership to provide tailored fleet policies to trades and haulage businesses.
The partnership will pair Zego’s behavioural insight, data and telematics capabilities with Aviva’s experience and expertise in fleet underwriting and claims. It will see the two companies offer usage-based and flat rate policies to trades and haulage fleets in the UK that operate between five and 500 vehicles through direct sales and brokers.
Commenting on the partnership, Sten Saar, CEO at Zego, said, “It’s a privilege to be teaming up with Aviva, a company with so much heritage in the insurance industry. We are excited to bring our experience of insuring hundreds of fleets across tens of thousands of miles on a weekly basis. We believe this usage-based, data-led approach is the future of the insurance market and we are proud to be leading the way by partnering with Aviva to deliver this to trades and haulage customers.”
Broadening insurance products
Launched in 2016, Zego is the UK’s first insurtech unicorn – a privately held start-up with a value of over US$1bn. Zego has established itself as a leading insurtech with its novel use of telematics and application of behavioural data to save fleet managers time and money.
Fleets that purchase the new insurance will not only be powered by Zego’s telematics solutions, but will also be able to access the insurtech’s fleet portal, which allows fleet managers to add and remove drivers, easily monitor claims, and receive round-the-clock actionable insights that can reduce their premiums at renewal.
Maria Crockart, Digital Trading and Automation Director at Aviva, added, “Our partnership with Zego is a great example of how innovation can drive customer centricity, broker solutions and growth. Working with Zego builds on our telematics knowledge with a partner who has a proven track record using data and analytics. We look forward to developing tailored propositions aligned to customer usage and we anticipate that the relationship will broaden to include other insurance products in the future.”
