Zego has reported strong results and launched a new consumer insurance product.
The firm – which featured in 12th spot on our InsurTech 50 ranking late last year – significantly strengthened its financial position in 2024, cutting its net loss to £4 million – a substantial improvement from £34m net loss the previous year.
The company returned to monthly profitability by year-end and has maintained strong momentum into 2025, setting the stage for continued growth and innovation.
Alongside profitable underwriting performance and improved customer outcomes, Zego also expanded into the personal car insurance market, giving more drivers greater control over their premiums and making insurance more accessible.
Zego reached monthly profitability in December 2024. In 2025 it has delivered a 40% revenue growth.
Technology and app-based telematics are at the centre of its model: in February 2025, the company launched social, domestic and pleasure car insurance designed for new drivers, which it says has already seen strong uptake and clear demand.
It also introduced a new Rest feature to the Sense app to tackle one of the most overlooked risks on the road: driver fatigue. Built with proprietary app-based telematics, Rest promotes safer driving by offering real-time feedback and personalised premiums that reward rest and responsible behaviour.
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As adoption of app-based telematics accelerates, most of Zego’s ride-hailing and van customers – along with every personal car policy – are now powered by the technology.
“2024 was a defining year for Zego,” said Sten Saar, CEO. “We reached profitability and have carried that momentum into 2025.
“I’m proud of how we’re scaling responsibly, fuelled by innovation and our clear purpose: making good drivers better drivers.”