Commercial motor insurance provider Zego has expanded its partnership with ABAX, one of Europe’s fastest-growing telematics companies. The move will support Zego’s continued growth into Europe and help Zego’s fleet clients save time and money on their policies. The news comes as Zego announces its launch in the Netherlands and ramps up operations in France, with further European expansion on the horizon in 2022.
Zego and ABAX’s telematics solution gives fleet businesses more control over how their fleets are managed, allowing thousands of additional fleet managers across Europe to track the performance of their fleets. Fleet performance is fed back to fleet managers via Zego’s fleet portal in the form of actionable insights – which if actioned can save fleets on their policy at renewal.
ABAX’s telematics box can be self-installed into vehicles, reducing the reliance on engineers and allowing policies to be created quicker and more efficiently. Zego already partners with ABAX in the UK providing telematics solutions to hundreds of fleets.
Sten Saar, CEO and Co-Founder of Zego, said: “Our extended partnership with ABAX means we are able to continue our growth into Europe, whilst providing flexible and affordable insurance to thousands of fleet businesses – helping them save time and money.
“Our innovative use of data will allow us to price policies far more accurately based on driver behaviour, meaning fleet businesses are financially incentivised and rewarded for encouraging safer driving.”
Zego is a commercial motor insurance company that powers opportunities for businesses, from entire fleets of vehicles to self-employed drivers and riders. Zego recently raised $150 million in Series C funding and became the UK’s first insurtech unicorn. ABAX is a European telematics company which allows businesses to utilise data to enable better management of their fleets of cars, trucks, and vans.