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Travelers Acquires Insurtech Company Trōv Technology – $TRV $DIA

By John F. Heerdink, Jr.

As per reports, The Travelers Companies, Inc. (TRV) has acquired one of the earliest and most widely recognized insurtechs, Trōv. Trōv, which is known to have introduced numerous digital solutions transforming the insurance industry over the last several years, including on-demand insurance, micro-duration policies, claims-chat, and all-digital enabled features. Trōv’s team and embedded technology solutions will be placed within the Travelers’ Personal Insurance segment. The terms of the transaction were not known.

Michael Klein, President of Personal Insurance at Traveler stated, “This is yet another example of how we’re investing to enhance the experience for our customers, agents, and partners. We’re excited about the important innovation we have underway, and Trōv’s sophisticated technology and talented team will help accelerate our ongoing efforts to provide customers with personalized solutions in their channel of choice.”

Dow 30 component, The Travelers Companies, Inc. (TRV) is an insurance provider of property-casualty insurance for home, auto, and business. To learn more about The Travelers Companies, Inc. (TRV) and to continue to track its progress please visit the Vista Partners Travelers Companies, Inc. Coverage Page. 

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(Read Original Story: Trōv Technology Assets Acquired by Travelers in PR Newswire)


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