Trov, U.K.’s Lloyds Banking Group Partner on Digital Renters Insurance App

Trov has rolled out its digital renters insurance application, an end-to-end product brought to market by a unit of Lloyds Banking Group in the U.K.

Trov, an insurance technology company, said the product enables renters to activate their base home coverage as a monthly subscription and easily turn protection on or off for individual items, entirely from a connected device, and without any agent involvement. Trov added that the technology supports an all-digital claims experience that puts users at the center, enabling them to easily submit, track, communicate and settle a claim.

Halifax Home Insurance, part of Lloyds Banking Group, has also adopted Trov’s back-office modules to effectively manage the product. The back-office suite includes Trov’s customer relationship manager, a claims agent interface and a business intelligence application for financial reporting and performance analytics.

The renters insurance application, in partnership with Lloyds Banking Group, is the third in Trov’s white-label product line and arrives less than a month after the announcement of its Auto & Mobility application in Australia, in partnership with Suncorp Group.

Trov’s insurtech platform lets insurers, financial institutions and leading consumer brands rapidly deploy modern insurance applications designed for homeowners, renters, motorists and small businesses. As well, its brokerage combines software with bespoke insurance products for mobility and gig work, the company said.

Source:Trov

This article first was published by Insurance Journal’s sister publication, Carrier Management.