Travelers snaps up Trov’s technology assets
Following the deal, the insurtech's team and its embedded technology will be positioned within Travelers' personal insurance segment.
Trōv has revealed that its technology has been acquired by The Travelers Companies. The insurtech added that most members of its team have also joined the insurer.
Terms of the transaction were not disclosed.
Scott Walchek, founder and CEO of Trōv, says the transaction was a results of the company’s years of experience in insurance innovation and credits Trōv’s team and partners for introducing technologies that brought on changes to the insurance industry.
Walchek said, “Over the past
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