E-scooter Deal for Insurtech as UK Begins Trials

As the UK gets set to enable the use of e-scooters insurtech Zego has announced a partnership with a leading European micro mobility firm as it gets set to launch trials in three regions of the country.

The Department for Transport has accelerated the decision to launch trials of rental e-scooters on UK roads, with Swedish e-scooter operator Voi which has won the opportunity to launch three major e-scooter trials across the country including the West Midlands.

As such Zego will provide insurance for Voi’s entire UK fleet, with the policy fully integrated into the rider sign-up process to ensure that users have the third-party liability insurance required by the UK Government.

Sten Saar, (pic) CEO and co-founder of Zego, said: “Voi is a leader in the e-scooter market and an extremely important partner for Zego as we look to establish ourselves as the go-to insurance brand for this exciting and high-growth sector. The e-scooter trials commencing up and down the country can offer great environmental and mobility benefits to cities and towns. We are happy to be playing a central role in their safe and responsible introduction.”

Voi is a rapidly growing European provider of micro mobility, including e-scooters and is now operating in over 45 cities across Europe including Berlin, Zurich, Hamburg and Stockholm. Voi provides e-scooters on monthly subscription basis but has said it will provide discounts and free rides for key workers and low-income groups.

Fredrik Hjelm, CEO and co-founder of Voi, said: “Since we arrived in the UK we have gone over and above the UK government’s requirements for identity verification and insurance for e-scooters and that has been possible by working with Zego. E-scooters are transforming the way we travel around cities and creating urban environments with lower congestion and pollution. We’re delighted to work with Zego on making sure this transport revolution happens responsibly.”

The cover was brokered by Marsh who said the deal was a case for how the industry can support the drive towards greater environmentally friendly transport solutions.

“By bringing Voi and Zego together, we are playing a vital role in boosting the UK’s capacity to lead in the sharing economy,” explained Paul Buckle, Managing Director – Schemes and Affinities, Marsh Commercial. “Through collaboration with various parts of the business, we were able to provide Voi with an optimal solution in order for them to commence the trial with confidence. We envision that the rollout will bring about a multitude of environmental benefits and we are excited by the opportunity to champion technological innovation in the transport and mobility sectors.”