Commercial motor insurer Zego has teamed up with insurance carrier QBE, to improve fleet insurance products.
QBE will underwrite Zego’s behaviour-led fleet product, which leverages telematics data to offer a full picture of a fleet’s risk profile. The product also shares actions a fleet can take to improve their risk.
Zego delivers its behavioural insights and risk management tools through a combination of its digital-first fleet portal and its risk management team.
The commercial motor insurer claims that fleets can unlock up to 15% cashback on their policy, ensuring the value gained from safer driving is shared between the insurer and the fleet.
Zego CEO Sten Saar said, “Partnering with QBE felt like a natural decision and we are incredibly excited about the future of Zego with them on board as a partner. Zego and QBE share a passion for innovation around risk, we look forward to continuing to build on our revolutionary insurance products with QBE by our side.”
The InsurTech has formed a number of partnerships. It recently signed a multi-year partnership with Aviva, to provide tailored fleet policies to trades and haulage businesses. As part of the deal, Zego will will pair its behavioural insight, data, and telematic capabilities with Aviva’s experience and expertise in fleet underwriting and claims.
In other insurance news, USAA Life Insurance partnered with Human API to expand the use of digital health data in the life insurance underwriting process.
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