The insurtech company Zego is expanding its reach from Europe to Asia. Zego has partnered with the Japanese insurance giant Sompo Holdings. This move is supported by a new $28 million investment.
The company’s innovation hub in Portugal is playing a key role in this project. The team in Lisbon is currently recruiting new professionals to help build the Zego telematics insurance Japan platform.
How Telematics Changes Insurance
Zego does not use general averages to set prices. Instead, it uses data to track how each person drives. This "pay-as-you-drive" model rewards safe drivers with lower prices.
Using real-time data helps reduce accidents and costs. Sompo is investing in this technology to bring modern, data-driven insurance to Japanese drivers for the first time. This project is a great example for other software development companies looking to scale globally.
A Strong Connection to Portugal
Zego’s growth is also a success story for the local tech ecosystem. The company integrated the Portuguese firm Drivit in 2020 and has continued to grow its local team.
This expansion shows how a local innovation hub can support a global launch. For professionals who use coworking in Portugal, these types of international projects highlight the country's importance as a tech gateway to the world.
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