, that powers its smart driving app, allowing it to monitor drivers and to incentivize good driving habits.
Zego's telematics offering will provide it with a new revenue stream, as well as strengthen Zego's position in the fleet insurance market. Zego-insured fleets were already required to have a telematics device, which drivers had to source through a third-party provider, so rolling out its own telematics solution through a partnership is a wise move for the insurtech, as it will reap additional revenue when customers opt to add Zego's devices to their policies.
What's more, by bolstering its existing usage-based coverage with this new telematics option, Zego will stand out from the crowd and strengthen its position in the fleet insurance space, along with its customer acquisition efforts.Join other Insider Intelligence clients who receive this Briefing, along with other Fintech forecasts, briefings, charts, and research reports to their inboxes each day.
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