InsurTech start-up Zego launches private hire product in response to Alpha bankruptcy

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Zego has launched a 30-day private hire product in response to the 10,000 private hire drivers affected by Alpha Insurance’s bankruptcy last week.

The start-up, which specialises in providing insurance for the gig-economy, said the new policy was created and launched in under 48 hours.

Unrated Danish insurer Alpha was declared bankrupt after a filing by its liquidators on 8 May and as a result its policyholders, including a large number of taxi drivers, were suddenly left uninsured.

Response

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