Start-up broker Zego raises £1.22m
Zego, the usage-based insurance broker that caters to the sharing economy, has won £1.22m ($1.59m) in seed funding to develop its Aviva-underwritten product. The InsurTech start-up provides coverage for workers at companies like Deliveroo and Uber, who need insurance on vehicles only when they are using them. Venture capital firm LocalGlobe led the funding round.

Pay-as-you-go broker targets drivers working for sharing economy companies.

Start-up broker Zego has raised £1.22m in seed funding led by venture capital firm LocalGlobe.

Zego provides pay-as-you-go insurance for drivers and riders who work flexibly with their own vehicles, and has recently launched its first product, which is underwritten by Aviva.

The broker was launched last year to provide insurance for drivers working for sharing economy companies, such as Deliveroo, UberEATS, Jinn and Amazon.

It detailed that all car, bike and scooter drivers are required by