Trov, an insurtech offering on-demand coverage software for goods, has announced a partnership with Seguros Sura Brazil, Latin America's largest P&C insurer, to bring services to Brazil.
With the new partnership, Seguros Sura Brazil will offer on-demand insurance products covering personal valuables to consumers and businesses in Brazil. Policies are also available in variable durations down to the hour.
Trov’s will also enable SURA to underwrite robust all-digital P&C insurance applications branded by other Brazilian financial institutions and consumer platforms. The companies plan to expand to other insurance products such as auto, home and small business.
"We're genuinely excited to work with SURA and their distribution partners to bring personalized, all-digital insurance applications to the Brazilian market, and throughout Latin America,” says Scott Walchek, CEO and founder of Trov.
Thomas Batt, CEO of Seguros Sura says, "We recognize the potential of Latin America's insurance market in light of recent regulatory changes, and invested in Trov's innovative insurance model to meet new consumer demands.” Batt’s continued to state, "Trov's proven track record in on-demand insurance makes them the ideal partner with whom to deploy modern insurance applications in Brazil and beyond."
