The collaboration between Ryde, a UK leader in delivery logistics, and Zego, the UK’s first insurtech unicorn, sees Zego integrate its bespoke insurance validation API into Ryde’s platform. This functionality will allow Ryde to simplify the onboarding process of new drivers while ensuring the fleet of drivers has valid, cost-effective insurance in place at all times. Furthermore, the integration will eradicate the possibility of insurance fraud – a practice that not only creates an operational risk to Ryde but also negatively impacts the premiums of other drivers.
Ryde’s riders and drivers will access Zego’s monthly, annual and flexible policies. Flexible policies are popular among delivery couriers as they only pay for insurance while using their vehicle for work; some drivers prefer a more predictable monthly or annual premium. This new partnership will make it easy for riders to choose which policy suits them best.
Duncan Mitchell CEO of Ryde commented: “Ryde’s mission is to give businesses of all sizes access to leading delivery capabilities. The pandemic and wider consumer trends both highlight the growing importance of being able to offer speedy delivery – as more consumers enjoy online shopping, food and grocery delivery to home. While we focus on growing our network, it is important to have this partnership with Zego to focus fully on our mission, knowing insurance is covered.”
Sten Saar, CEO, Zego added: “Our partnership with Ryde is a textbook example of why we started Zego. Via our API integration, we will be able to give Ryde’s fleet managers hours back a week while ensuring that their fleet has access to a cost-effective, flexible insurance solution.”
Zego and Ryde are a growing roster of brands disrupting traditional products and services.