Trov Secures $39M to Launch On-Demand Insurance for Single Items

(Trov app. Source: Trov.) Trov (Danville, Calif.), the provider a new insurance platform inspired by Millennials’ mobile-based lifestyle, has announced that it has closed $25.5 million in Series C funding led by Oak HC/FT, bringing its total funding to $39 million. Other prominent investors in the round include leading Australian insurer Suncorp Group (Brisbane), insurance core system vendor Guidewire, and existing investor, Anthemis Group…

Munich Re to Underwrite Trov’s On-Demand Insurance Offering in U.S.

(Trov app. Source: Trov.) (Editor’s note: Quotes from Matthew Josefowicz and Donald Light were added after initial publication.) Munich Re (Munich), one of the world’s most important reinsurers, has announced that it will underwrite Trov’s (Danville, Calif.) on-demand insurance across the United States in 2017. A joint statement says that the reinsurer intends to provide underwriting capital and insurance licensing for Trov for all 50 states….

Trov Completes $45M Series D Financing Round Led by Munich Re/HSB Ventures

(Image source: Trov homepage.) Trov (Danville, Calif.), creator of an online platform designed to let consumers insure single items on demand, has closed $45 million in Series D funding led by Munich Re / HSB Ventures, bringing its total funding to just over $85 million. All of Trov’s Series C investors participated in the round (Oak HC/FT, Suncorp Group, Guidewire, and Anthemis). Also participating in the financing was Sompo Holding, which…

Trov Partners with AXA on U.K. Launch of On-Demand Insurance Platform

(Trov promotion for its U.K. ventures.) Trov, provider of an online platform designed to let consumers insure single items, has launched its offering in the U.K. in partnership with AXA Insurance (Paris). Trov smart phone app for the U.K. Market. Source: Trov. Through the partnership, residents of the U.K. can insure single property items using a mobile app. In a description of the process, Trov says that, with a simple swipe, users are…

Trov Partners with Waymo to Insure Driverless Ride-Hailing Service

(Image source: Trov.) Trov (Danville, Calif.), the creator of an online platform designed to let consumers insure single items on demand, has announced a partnership with Waymo, Alphabet’s (Mountain View, Calif.) self-driving technology business unit. The partnership marks the insurance broker’s entry into the transportation/mobility space. Scott Walchek, CEO, Trov. “Innovative technology needs innovative partners,” comments Shaun Stewart,…

Trov Approved in New York, Opens East Coast Office in Manhattan

(Image source: Trov.) Trov (Danville, Calif.), the creator of an online platform designed to let consumers insure single items on demand, has gained its 41st state approval from New York. This company recently opened its second U.S. office in New York City. Scott Walcheck, CEO, Trov. Trov was approved to do business in its home state of California in 2017 and in 2018 it has gained state approvals from Alaska, Colorado, Connecticut, Maryland,…

Trōv Begins U.S. Roll Out of On-Demand Insurance

(Image source: Trov homepage.) Trov, the Danville, Calif.-based online platform designed to let consumers insure single items, has launched in the United States, starting with on-demand insurance for single items in the state of Arizona, with additional states planned for later in 2018. Munich Re’s Digital Partners will provide underwriting capital through its global strategic alliance with Trov, the company reports. The U.S. debut follows…