Insurtech Trov has partnered with insurer Hamilton Fraser to offer digital insurance products to customers.
Furthermore, Trov is welcoming four major proptech brands to the firm, including ideal flatmate (flat-sharing platform), Movebubble (property rental platform), good2rent (tenant referencing platform), and Vaboo (customer engagement platform for letting agents that manages rewards for renters and landlords).
Trov now has a strong queue of brand partners getting ready to launch in renters insurance with P&C products to come shortly.
“By enabling our partners to deliver a compelling user experience while helping to close consumer protection gaps, our embedded insurance capabilities increase customer loyalty, lifetime value, and delivers high-margin recurring revenue. Our APIs and no-code options combined with a growing network of insurance products mean that digital brands will benefit from offering a wide array of flexible insurance products to their customers,” said Scott Walchek, founder and CEO of Trov.
Eddie Hooker, CEO of Hamilton Fraser added: “Having been providing high quality insurance for the last 25 years, we know that in order to meet the ever-changing needs of the customer, we must always be searching for new ways to adapt our business. Our collaboration with Trov will allow us to continue offering the most reliable products to our customers as well as keeping us at the forefront of innovation in our sector. We have been protecting and working with landlords for over two decades, and we are excited to now be able to expand our service to include and offer flexible renters insurance to the wider pool of customers.”
In February, Trov partnered with e-mobility brand Zoom EV, a car share service that allows auto-dealer networks across the UK to show the benefits of EV ownership.
In addition, it facilitates the monetisation of idle vehicles. The technology allows dealerships to offer inventory to interested, vetted people on a variable-term basis.
With the Trov Mobility Insurance Platform, vehicles under Zoom EV will be fully covered while in use.