Trov has annoucned a Personal Auto & Mobility Insurance product on its Powered by Trov platform.
The product will launch in partnership with Suncorp Group in the Australian market.
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Built with the variable period, event-driven architecture of Powered by Trov, the Personal Auto & Mobile Insurance application is set to align with the evolving needs of auto-owners.
“Traditional auto insurance is being challenged by the changing shape of modern mobility. The insurance solution being released by our long-time partner Suncorp is purpose-built to meet the evolving needs of today’s commuter,” commented Scott Walchek, CEO/Founder of Trov.
“The expansion of our Powered by Trov platform follows on the heels of our recent announcement with Lloyds Banking Group and reflects the market’s growing appetite for full-service digital applications designed for today’s connected consumer.”
“Suncorp and Trov have a strong relationship built over many years of collaboration on the design and development of new insurance products utilising the Trov technology platform, including on-demand single item cover. We are currently in the final phase of trialling our mobility insurance product that we are excited to launch at scale next year,” said Nick Heggie, Commercial Partnerships, Suncorp.
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By GlobalData“We know consumers expect simple, engaging and rewarding experiences in everything they do. This new product will do this by evolving traditional auto insurance to include cover and rewards for different forms of mobility that are now an integral part of our customers’ lives. We are excited to expand our partnership with Trov, and together explore how we can better meet our customers’ changing needs in the mobility space.”
Recently, Trov also partnered with Lloyds Banking Group in the UK with the pair released an insurance product in the near future.
The San Francisco-based insurtech is using this move to try and solidify itself as the preferred partner for insurance and financial enterprises.
