Zego, the fast-growing insurtech company, today announces a partnership with Starling Bank, the leading mobile-only bank, to provide flexible business insurance.
Zego will integrate with Starling’s Business Marketplace platform to offer small businesses quick, simple and accurate insurance. Drawing on publicly available business data, Zego will save entrepreneurs and SMEs time and money, by offering a simple insurance sign up process rather than the long, burdensome forms too often associated with applying for business insurance with traditional providers.
The confusing sign up process for traditional business insurance often results in incorrect cover that can expose businesses to the real risk of being caught short when issues arise. Zego and Starling have been built to put their customers first and remove the stresses caused by traditional business insurers dated infrastructure.
Business customers will benefit from the partnership by saving time on manual entry and removing the risk of lost transactional data.
Sten Saar, CEO of Zego, said:
“We’re excited to be partnering with Starling Bank to take the stress and hassle out of business insurance. For far too long, businesses have had to deal with long, complex sign up procedures to get their insurance and were all too often sold the wrong product, even after filling out pages and pages of unclear forms. Zego uses publicly available data to save businesses time and improve accuracy. SMEs make up a vital part of our economy and we’re pleased to be supporting businesses through the Marketplace platform.”
Megan Caywood, Chief Platform Officer, Starling Bank, said:
“Small businesses have always been the backbone of the UK economy, but the big banks continue to underserve and overcharge them. We want to change this, and today we’ve taken another big step in transforming the way small businesses can manage their finances.
“With partners like Zego, we are now able to offer small businesses the efficiency, flexibility, support and security that can help them thrive. This is what banking should be about, and this is why Starling was founded – to put financial control back into the hands of businesses and consumers.”