US expansion for Trov

Map of the US
Company brief

Trov, an insurtech firm specialising in on-demand insurance coverage, has expanded its offering to include four additional US states. The firm, which is backed by Munich Re, received regulatory approval to sell its on-demand product in 23 states in the US in July 2017; from this year, it will also be able to sell its offering in South Dakota, Nevada, Delaware and Wyoming.

Trov, which also recently launched in Australia and the UK, provides tailored insurance technology for companies working in the mobility space; this includes self-driving vehicles and ride-share services. Customers are enabled to purchase insurance for very specific time periods via smartphones; coverage can be turned on and off with one swipe, and the app also includes the provision to file claims.