12 November 2019

London startup Zego gains first ever licence for UK Insurtech

Written By FinTech Alliance

London startup Zego gains first ever licence for UK Insurtech

The insurance startup is aimed at the gig economy

In Brief:

  • Zego offers flexible insurance to freelance workers such as drivers for Uber or riders for Deliveroo.
  • The firm is backed by 15 reinsurers, including Swiss Re, and has secured $42m (£32.7m) in series B funding. 
  • Currently operating in five countries the firm is now eyeing expansion across Europe.

What this means

The license, issued by the Gibraltarian regulator, will allow Zego to act faster than it could under the banner of other insurers, meaning it can speed up innovation of its product while also lessening the risk impact.

Read more here
 

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