In an announcement today, world’s leading insurance technology platform Trov declared to partner with Seguros Sura Brazil to bring on demand insurance applications in Brazil.
This partnership will pave the way for insurance products for personal valuables and mobility, along with other insurance products like small businesses, home, and auto. Both the platforms look forward to expanding to other countries given the Sura’s extensive influence on Latin American insurance market.
As per Trov, the participation of an agent will help modify coverages, as the on-demand insurance products and applications provide policies of varied duration.
To further enhance the partnership, recent regulatory changes advocated by SUSEP will be enabling insurers to bring on-demand insurance products in the country. Along with that, the ever-changing consumer behaviour will call for flexible digital insurance solutions in the future.
Trov’s CEO Scott Walchek expressed his excitement to team up with Sura to bring out innovative, personalized, and all-digital insurance applications to the Brazilian marketplace and the whole of Latin America, in a statement.