UK gig economy insurtech granted own licence

Zego has become the first ever UK insurtech to be awarded its own insurance licence. Backed by reinsurers, including Swiss Re, the start-up, which was founded in 2016, provides what it calls 'flexible insurance for the gig economy'.  In recent years, Zego has expanded its B2B offering to cater to for the emergence of mobility services, such as ride hailing, ride sharing, car rental and scooter sharing. It offers a range of policies from minute-by-minute insurance to annual cover, with pricing based on usage data from vehicles. In June, Zego raised $42m in a funding round and curren...