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Trōv is a global leader in embedded insurance, powering the future of digital insurance distribution and emerging mobility. Its robust insurtech platform empowers financial institutions and insurance incumbents to easily embed insurance products within other digital experiences to increase recurring revenue.
While only one in ten homes throughout the United States has flood insurance coverage, floods are the country’s most common and deadli-est natural disaster. Since 2000, they have cost American taxpayers $850 billion, two-thirds of the total cost of all natural disasters, yet only 1 out of 10 homes are insured for flood, and that number could soon be reduced.
Insurance needs to be more precise as there are solutions that protect the assets owned by the Property Managers (apartment units) and solutions that protect the Residents and their personal belongings. Which programs to offer and buy depends on each unique client’s needs.
Insurance companies are rapidly facing the challenge of a need for more data visibility and delays across the reporting chain. This primarily occurs as most of the policy, premium & claim data reported are by spreadsheet, and it takes a tremendous amount of time to process it manually. distriBind is on the mission to eliminate tiresome bordereaux and allow for the seamless data flow between MGAs, insurers, and re-insurers.