Insurtech Trov has partnered with electric car rental service UFODRIVE to power its fleet in the UK.

Trov’s Mobility Platform will aid the UFODRIVE team to monitor, manage, and mitigate their insured and uninsured risks. This is also combined with context-based commercial insurance, managed by UK Insurance Business Solutions under NIG, both part of the Direct Line Group.

UFODRIVE is an all-electric, user-friendly, digital, sustainable car rental platform headquartered in Luxembourg. Furthermore, it operates in the UK, Germany, Belgium, Ireland, Netherlands, France, and Austria. A move into the US is also planned.

“The team at Trov have been able to develop an insurance programme to suit our unique needs,” stated Jonathan Shine, who heads up UFODRIVE’s UK business.

“By complementing our coverage with Trov’s Risk Operations Technology, we have put in place a solution for optimum vehicle utilisation and uptime – a critical ingredient for success in 2021.”

“This partnership with UFODRIVE is the first of, hopefully, many for Trov within the UK market and highlights the vital convergence of the future of transportation with the future of insurance. We’re delighted to help them manage their holistic risk effectively, so they can focus on bringing more sustainable transport options to consumers and businesses in London and beyond,” said Ed Axon, global head of business development at Trov.

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By GlobalData

In March 2020, Mobility Transformation, a parent company of Zerology, selected Trov to deliver data-driven insurance product for electric vehicle fleet.

Zerology will leverage Trov’s Mobility Insurance Platform to power its carshare fleet of Tesla Model 3’s in Madison, Wisconsin.

Under the arrangement, anonymised vehicle data from Zerology’s Tesla fleet will be used by Trov to address the complex risk management challenges Zerology is facing.

Trov’s technology will be integrated with Zerology’s fleet.

Following the integration, Zerology will be the first company to use individual Tesla vehicle data to inform an on-demand commercial insurance offering.