After taking a step back from the gadget insurance market in the UK earlier this year, Trov has kept super busy building partnership opportunities. There are lots of insurers who still use legacy systems but need to transform their product lines for the digital age. In that race to market with fresh ideas, branding and product lines, there’s no substitute for partners with experience in building user-friendly, multi-channel, and market-compliant platforms. Here’s the latest news from Trov;
Trov (www.trov.com), a global leader in insurance technology, is announcing the upcoming launch of an innovative Personal Auto & Mobility Insurance product built on its Powered by Trov platform. This world-first product will launch in the coming months in partnership with Suncorp Group in the Australian market. Suncorp is one of Australia’s leading insurers and a long-term Trov partner.
Trov recently announced a partnership with Lloyds Banking Group in the UK, with the two releasing an innovative insurance product designed around the evolving lifestyle of modern, connected UK consumers, in the coming months.
Built using the flexible, variable period, event-driven architecture of its Powered by Trov platform, the new Personal Auto & Mobility Insurance application is designed to align with the evolving behaviours of auto-owners who have a growing number of options when choosing the way they get around.
“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.
“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.”
With the expansion of its platform to Auto and Mobility, the San Francisco-headquartered technology company is solidifying itself as the preferred partner for insurers and financial enterprises seeking to keep pace with innovation by offering compelling, flexible, end-to-end digital insurance applications.