Launching in Australia in coming weeks, according to the company's announcement, Trov just got another vote of confidence with a $5m investment from Australian insurance giant Suncorp.
"Swipe right if you want to insure your $2000 Apple MacBook Pro, and swipe left if you want to end its cover.
No,
it's not Tinder for insurance, but a new technology platform created by
fintech start-up, Trov, designed to give consumers insurance for their
individual possessions whenever it's needed. It is also a company that
now counts Suncorp Group as its investor, after the Australian insurance
giant snapped up a $US5 million equity stake in the business.
Trov
Protection is trying to snag market share, particularly among
tech-savvy millennials, from incumbent insurers whose industry has
remained largely unchanged in the past 100 years."
