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Insurtech firm Zego has partnered with car-subscription service Drover to insure its private hire vehicle subscriber base.
Zego’s flexible pay-per-minute insurance policy will be integrated with Drover’s sign-up process to ensure that private hire drivers are automatically insured when taking out a subscription on a vehicle. The flexible policy means vehicles are only insured for the exact time that they are on the road, which will keep insurance costs lean. In a statement, Zego said that the partnership also eliminates the possibility of Drover customers driving without cover.
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“We’re delighted to have partnered with a like-minded tech start-up in Zego,” said Rob Prager, head of insurance & risk at Dover. “Their expertise in new mobility and digital first approach makes them the best possible insurtech partner as we continue to scale.”
“We’re seeing a major shift from ownership to usership in the world of transport and Drover has taken advantage of this movement to create a unique business model, which has huge potential to change the way that we use cars,” said Sten Saar, co-founder and chief executive officer of Zego. “Like us, Drover’s offering is built on flexibility. This is why we work so well together and why we’re hoping to collaborate further as Drover expands to new territories.”
