Trov partners with Sompo to release new mobility insurance offering

Trov has partnered with Sompo to launch Mobility Solutions, a new insurance solution tailored towards the micro-mobility, car-sharing, ride-hailing and autonomous vehicle industries.

The partnership will see Trov use its Vehicle Activity API to identify risks and create new experiences based on the data received from connected vehicles and devices.

Trov is an on-demand insurance platform providing protection for renters, single items, small businesses and vehicles.

The InsurTech platform released its mobility insurance service in 2017 to give companies operating in the mobility industry with cover for their vehicle fleets.

Trov founder and CEO Scott Walchek said, “We’re excited to partner with Sompo throughout key regions in Asia.

“Their influence and underwriting expertise combined with Trov’s insurance technology and mobility API will bring dynamic, data-modified insurance coverages, risk management services, and new customer experiences to transportation providers and their users throughout these regions.”

This is the second partnership between the two firms, following the launch of single-item coverage.

Trov recently launched an end-to-end digital renters’ insurance solution in partnership with Lloyds. The service provides blanket cover for items in the home, on-demand insurance for items taken out of the house and emergency accommodation.

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