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Founded Year

2012

Stage

Option/Warrant | Alive

Total Raised

$100.2M

Last Raised

$440K | 1 yr ago

Mosaic Score

+40 points in the past 30 days

What is a Mosaic Score?
The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.

About Trov

Trōv powers digital insurance solutions for businesses in the finance, insurance, mobility, and retail sectors, enabling the new ways people live, work and move.

Trov Headquarter Location

347 Hartz Avenue

Danville, California, 94526,

United States

201-206-3487

Latest Trov News

06:45 ET InsurTech Market to grow by USD 21.72 billion during 2020-2024, Alan SA and Clover Health emerge as Key Contributors to...

Jun 4, 2021

| 17,000+ Technavio Reports News provided by Share this article Share this article NEW YORK, June 4, 2021 /PRNewswire/ -- Technavio has been monitoring the Insurtech market and it is poised to grow by USD 21.72 billion during 2020-2024, progressing at a CAGR of over 36% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Impact of COVID-19 The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Frequently Asked Questions: Based on segmentation by value chain positioning, which is the leading segment in the market? The marketing and distribution segment led the market and will continue to dominate the market growth during the forecast period. What is the major trend in the market? The integration of Big Data and AI in InsurTech will emerge as the key trend in the market At what rate is the market projected to grow? The market is projected to grow at a CAGR of over 36% during the forecast period. What is the key challenge? High cost of investment will challenge the market growth during the next few years. How big is the Europe market? 46% of the growth will originate from Europe. Related Report on Information Technology Include: Insurance Software Market by Deployment and Geography - Forecast and Analysis 2021-2025: The insurance software market size is expected to grow by USD 7.29 billion and record a CAGR of 8.09% during 2021-2025, according to Technavio. Download PDF Sample Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free. The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Alan SA, Clover Health, Cytora Ltd., Haven Life Insurance Agency LLC, Oscar Insurance Corp., Quantemplate Technologies Inc., Shift Technology, simplesurance GmbH, Trov Insurance Solutions LLC, and ZhongAn Online P&C Insurance Co. Ltd. are some of the major market participants. The influence of digitization will offer immense growth opportunities, but high cost of investment is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this insurtech market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies. Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. InsurTech Market 2020-2024: Segmentation Market Landscape South America To learn more about the global trends impacting the future of market research, download a free sample: InsurTech Market 2020-2024: Scope Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The  insurtech market  report covers the following areas: InsurTech Market Size InsurTech Market Industry Analysis This study identifies the integration of Big Data and AI in InsurTech as one of the prime reasons driving the InsurTech Market growth during the next few years. Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports. Register for a free trial today and gain instant access to 17,000+ market research reports. About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios. Contact

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Research containing Trov

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned Trov in 2 CB Insights research briefs, most recently on Jun 24, 2021.

Expert Collections containing Trov

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Trov is included in 6 Expert Collections, including P+C Insurance Tech.

P

P+C Insurance Tech

188 items

F

Fintech 250

248 items

E

Enterprise SaaS

2,452 items

Software-as-a-service (SaaS) – internet based software offered as a subscription – continues to become the de facto standard for software distribution and consumption. Enterprise SaaS continues to show particular promise, emerging as one of the most well-funded categories. Startu

I

InsurTech

1,627 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

P

P&C Claims Management Value Chain

128 items

F

Fintech

6,974 items

US-based companies

Trov Patents

Trov has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

3/13/2014

Investment, Collecting, Business models, Property law, Systems engineering

Application

Application Date

3/13/2014

Grant Date

Title

Related Topics

Investment, Collecting, Business models, Property law, Systems engineering

Status

Application

Trov Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
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