London-based insurtech Zego has reached a headcount of 200, after tripling its workforce in the space of 12 months.
The exceptional rate of growth has been mirrored across the business, with Zego recently surpassing 230 million hours’ worth of flexible insurance policies sold, while also expanding to its fifth European country. This period has also seen Zego become the first UK insurtech to be awarded its own insurance licence, allowing the company to create and sell its own policies, as well as working with partner insurers.
The recruitment drive over the last few months has seen the company take on engineers, data scientists, and specialists in sales, operations and pricing. In 2020, the company expects to double its headcount again and take its flexible insurance products to several new countries.
Zego was founded in 2016 and provides flexible insurance policies for fleet businesses and new mobility services such as car sharing, car leasing and scooter companies. Current partners include WeFlex, Splend, Deliveroo and Uber.
Sten Saar, CEO and Co-Founder of Zego, said: “Zego has grown rapidly over the last 12 months, and the fact that we’ve been able to do this in a sustainable way is testament to the brilliant team we’ve built here, with a strong community based on shared values.
“We’ve been lucky enough to attract an amazing amount of talent from all over the world, and this diversity of thinking has been a key ingredient in our success to date. With several important partnerships already on the horizon in 2020, I have no doubt that this year will be even bigger than the last.”