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Founded Year

2012

Stage

Option/Warrant | Alive

Total Raised

$100.2M

Last Raised

$440K | 1 yr ago

Mosaic Score

+100 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

07:00 ET USD 33.73 bn growth for InsurTech Market through 2025 |Evolving Opportunities with Alan SA, Clover Health & Cytora Ltd....

Jan 11, 2022

|Evolving Opportunities with Alan SA, Clover Health & Cytora Ltd. | 17000+ Technavio Reports News provided by Share this article Share this article NEW YORK, Jan. 11, 2022 /PRNewswire/ -- The " InsurTech Market - Competitive Analysis, Drivers, Trends, Challenges and Five Force Analysis " report has been added to Technavio's offering. 47% of the market's growth will originate from Europe during the forecast period. UK and France are the key markets for InsurTech in Europe. Market growth in this region will be faster than the growth of the market in the North American and MEA regions. The InsurTech market size is expected to increase by USD 33.73 billion from 2020 to 2025, at a CAGR of 45.28% as per the latest market report by Technavio. Attractive Opportunities in InsurTech Market by Value Chain Positioning and Geography - Forecast and Analysis 2021-2025 Market Dynamics Factors such as the need to improve business efficiency, influence of digitization, and the increased need for greater customer satisfaction will drive the growth of the InsurTech Market. However, the high cost of investment might hamper the market growth. The holistic analysis of the drivers & challenges will help in deducing end goals and refining marketing strategies to gain a competitive edge. The InsurTech market analysis report also provides detailed information on other upcoming trends that will have a far-reaching effect on the market growth. Company Profiles The InsurTech market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Some of the companies covered in this report are 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 Property Insurance Co. Ltd., etc. Few Companies with Key Offerings The report analyzes the market's competitive landscape and offers information on several market vendors, including: Alan SA -  The company offers InsurTech for startups and SMEs, large companies, and others. Clover Health - The company offers health insurance for InsurTech. Cytora Ltd. - The company offers digital risk processing for InsurTech. Haven Life Insurance Agency LLC - The company offers term life insurance for InsurTech. Oscar Insurance Corp. - The company offers InsurTech under the brand name Cigna. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. The InsurTech market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. Competitive Analysis The competitive scenario provided in the insurtech market report analyzes, evaluates, and positions companies based on various performance indicators. Some of the factors considered for this analysis include the financial performance of companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share, etc. Market Segmentation By Value chain positioning, the market is classified into marketing and distribution, IT support, policy administration and management, claim management, and others. By Geography, the market is classified as North America, Europe, APAC, MEA, and South America. Technavio market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans. Related Reports - Quality Management Software Market  -The quality management software (QMS) market share is expected to increase by USD 5.21 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.80%. Download a free sample now! Restaurant Management Software Market  -The restaurant management software market share is expected to increase by USD 2.95 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 14.04%. Download a free sample now! InsurTech Market Scope Companies profiled 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 Property Insurance Co. Ltd. Market Dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period, Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus 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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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 3 Expert Collections, including 2018 Fintech 250.

2

2018 Fintech 250

248 items

I

InsurTech

1,697 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

F

Fintech

7,256 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

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