Munich Re is betting on innovative start-ups

HSB Ventures Inc., subsidiary of German reinsurer Munich Re, has invested 45 million USD in Trov, a start-up specialized in insurance.

Trov allows users to underwrite a customized insurance online. Policyholders may activate or deactivate their contracts by a simple click via their smartphones. Premium payments and claim settlements may also be carried out online.

The young company is currently present on British and Australian markets, and preparing for a forthcoming entry in the American market.

Many other players such as Japanese insurer Sompo Holding Inc. are also investing in innovative start-ups.

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