# Zego **Source:** https://geo.sig.ai/brands/zego **Vertical:** Insurance Tech **Subcategory:** General **Tier:** Emerging **Website:** zego.com **Last Updated:** 2026-04-14 ## Summary London UK commercial motor insurtech ($1.1B unicorn 2021, DST Global); Q4 2024 monthly profitable (90% COR) with 500K+ customers, 50 data points/sec telematics, cutting net loss £34M→£4M and 40% revenue growth 2025. ## Company Overview Zego is a London, United Kingdom-based commercial motor insurtech — having raised over $300 million total including a $150 million Series C led by DST Global in 2021 at a $1.1 billion valuation (the UK's first insurtech unicorn) — providing flexible, telematics-powered commercial motor insurance to over 500,000 UK drivers and businesses across five countries including delivery drivers, rideshare operators, and commercial fleets. Founded in 2016, Zego earned its own insurance license in 2019 — enabling it to build and underwrite its own policies, collecting 50 data points per second per vehicle (5x more than competitors) — rather than acting purely as a broker or MGA relying on capacity from traditional insurers. Zego has issued over 17 million policies covering 200,000+ vehicles with terms ranging from one hour to one year. In Q4 2024, Zego achieved monthly profitability with a 90% combined operating ratio, cutting its net loss from £34 million to £4 million in 2024. Revenue grew 40% in early 2025. CEO Sten Saar has led the company since founding. Zego's usage-based commercial motor insurance addresses the pricing accuracy gap in traditional annual commercial vehicle policies: a Deliveroo delivery driver working 15 hours per week at night faces a completely different risk profile than a full-time daytime courier — but traditional annual commercial motor policies price both the same because they lack granular telematics data to distinguish high-risk from low-risk usage patterns. Zego's per-mile and per-hour pricing (enabled by the 50-data-point-per-second telematics stream covering speed, acceleration, braking, cornering, time of day, and location) creates actuarially accurate premiums for gig economy workers — pricing that rewards safe driving behavior with lower premiums and charges active driving time rather than parking time. The own-carrier model (Zego underwrites its own risk rather than fronting for Lloyd's capacity) enables Zego to retain the underwriting profit from its data advantage rather than passing it to a capacity provider. In 2025, Zego competes in the UK commercial motor insurance, telematics insurtech, and gig economy insurance market with By Miles (pay-per-mile personal motor, private), Marmalade (telematics for young drivers), and traditional commercial motor insurers (Aviva, Direct Line Group) for gig economy driver insurance and commercial fleet coverage adoption. The Q4 2024 profitability milestone (90% combined operating ratio, meaning Zego retains 10p in profit for every £1 of premium) validates the telematics-driven underwriting model — demonstrating that granular behavioral data creates more accurate loss ratios than traditional demographic underwriting. The expansion beyond gig driver insurance into personal car insurance and business van coverage broadens Zego's addressable market from the UK's £500M gig economy insurance segment to the broader £20B+ UK motor insurance market. The 2025 strategy focuses on growing UK personal and commercial motor market share through the telematics data advantage, expanding the European footprint beyond the UK, and demonstrating the path to scaled profitability that supports a future IPO. ## Frequently Asked Questions ### What is Zego? Zego is a London-based insurtech company that provides flexible motor and commercial insurance solutions powered by advanced telematics technology. Founded in 2016, Zego serves gig economy workers, self-employed drivers, and commercial fleets across the UK and Europe with coverage ranging from hourly to annual policies. ### Who are Zego's customers and target market? Zego primarily serves delivery drivers, courier services, private hire drivers, taxi operators, and commercial fleet businesses. The company has expanded to serve over half a million UK drivers, including those working for platforms like Uber Eats, Deliveroo, Amazon Flex, and Just Eat, as well as traditional businesses operating vehicle fleets. ### When was Zego founded and by whom? Zego was founded in 2016 by three co-founders: Sten Saar (CEO), Harry Franks (CCO), and Stuart Kelly (CTO). Saar and Franks previously worked at Deliveroo where they identified the insurance gap for gig economy workers, while Kelly brought technical expertise from his role as Head of Engineering at Hubble. ### Where is Zego based? Zego is headquartered in London, United Kingdom, with offices at 7th Floor Exchange House, 12 Primrose Street, London EC2A 2BQ. The company operates across five countries in the UK and Europe. ### How much funding has Zego raised? Zego has raised approximately $282 million across six funding rounds. The company achieved unicorn status in March 2021 with a $150 million Series C round led by DST Global at a $1.1 billion valuation, becoming the UK's first insurtech unicorn. Additional funding of $11.5 million was secured in 2023. ### What makes Zego different from traditional insurers? Zego differentiates itself through flexible policy durations (from one hour to one year), advanced telematics collecting 50 data points per second (5x more than competitors), usage-based pricing, and its own insurance license enabling vertical integration. The company's technology-first approach allows for better risk assessment and more competitive pricing for safe drivers. ### Who are Zego's main competitors? Zego competes with traditional commercial insurers like AXA, Allianz, and Aviva, as well as other insurtech companies like Cuvva, By Miles, and Marshmallow. However, Zego's focus on commercial motor insurance and gig economy workers gives it a distinct market position. ### How can I contact Zego? Customers can contact Zego through their website at www.zego.com, where the company has implemented AI-driven customer service achieving 60% query resolution without human intervention. For policy inquiries, customers can use the Zego mobile app or call their customer service team. ### Is Zego profitable and hiring? Yes, Zego achieved monthly profitability in Q4 2024 with a 90% combined operating ratio, marking a significant turnaround from a £34 million loss in 2023 to just £4 million in 2024. The company employs 265+ people and continues to hire as it expands into new insurance products and markets. ### What's the latest news about Zego? In 2025, Zego launched personal car insurance for new drivers and introduced a Rest feature to combat driver fatigue. The company reported 40% revenue growth year-to-date in 2025, achieved profitability, and won Best Insurance Employer (Large) at the British Insurance Awards 2025. ### What is Zego's market position? Zego is the UK's first and leading insurtech unicorn, having provided over 17 million policies covering more than 200,000 vehicles. The company has transitioned from a gig economy insurance pioneer to a challenger in the broader UK motor insurance market while maintaining technology leadership through its proprietary telematics platform. ### What are Zego's future plans? Zego plans to continue expanding its product portfolio beyond commercial insurance into consumer markets, leverage AI to improve customer service and underwriting, and pursue international expansion. The company is focused on sustainable growth and maintaining profitability while serving the evolving needs of modern workers and businesses. ## Tags b2b, b2c, europe, insurance, mobile-first, saas, fintech --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*