On - demand insurance start - up Trov has raised $ 45 m in a funding round led by Munich Re / HBS Ventures , taking its total funding to $ 85 m . The uk - based company announced it will use the funds to expand its app - led product beyond its Australian launch market . Trov offers customers insurance on individual items , which can be activated and activated as required . It launched in Australia under a partnership with SunCorp , taking advantage of the nation 's looser regulatory environment .
On-demand insurance start-up Trov has raised $45m in a funding round led by Munich Re/HBS Ventures, taking its total investment to $85m. The California-based company says it will use the proceeds to expand its app-led product beyond its Australian launch market. Trov offers customers insurance on individual items, which can be activated and deactivated as required. It launched in Australia under a partnership with SunCorp, taking advantage of the nation's looser regulatory environment.