InsurTech startup Zego has teamed up with Ireland-based e-hailing app FREE NOW as it gears up to disrupt the nation’s taxi insurance market.
The deal will see Zego’s taxi policy be available to the 14,000 taxi drivers using FREE NOW in Ireland. The idea is that this will empower drivers to cut costs by using more flexible and more competitive insurance.
“The Irish insurance market is overinflated and ripe for disruption,” said Sten Saar, CEO and co-founder of Zego. “We believe that we can do this in a sustainable way, offering drivers a smarter and more cost-effective insurance product which better reflects their risk.
“We are very happy to be partnering with one of the world’s most influential mobility brands and hope to build on this relationship in the months and years to come.”
Fiona Brady, gead of Operations at FREE NOW, added, “We know insurance costs are simply too high for many drivers in Ireland. We believe that there needs to be a concerted effort to address this and we are pleased to be able to work with an innovative insurance company like Zego to enable drivers to benefit from better value insurance.
“This year has been a real challenge for taxi drivers and we will continue to support them in accessing better products so that they can reduce their cost base and maximise their revenue.”
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