WE’VE DESIGNED, BUILT & LAUNCHED THE WORLD’S ONLY MICRO-MOMENT INSURANCE PLATFORM ENABLING ON-DEMAND INSURANCE
INSURANCE HAS HEAVILY RELIED ON FINANCIAL SERVICES AS A DISTRIBUTION PARTNER FOR DECADES.
LEASE VEHICLE PURCHASE HOME PROTECT LIFESTYLE 4
SEVERAL CHANGES IN THE WORLD ARE BEGINNING TO DISRUPT THIS BANKING AND INSURANCE PARTNERSHIP.
FRAGMENTED BANKING MILLENNIAL LIFESTYLE RENT VS. OWN 6
UNBUNDLING A BANK PLANNING INVESTING INTERNATIONAL BUSINESS CAPITAL LOW LOAN RATE PAYMENT SERVICES EVERYDAY BANKING FIND A MORTGAGE INT’L. MONEY TRANSFER CONFIDENTIAL TR Ō V INC
The insurance industry will face massive decline if new products and channels are not established with the younger demographic.
89% 13% of homeowners have of renters have contents insurance contents insurance (GenX and older) (GenY and younger)
The amount of renters over the 2007 past decade has doubled. 2017 10
BAGS ELECTRONICS Luxury goods and experiences vs. BIKES HOLIDAYS homes and cars. FESTIVALS GEAR
THE RISKS ARE DIFFERENT FROM PREVIOUS GENERATIONS.
AT HOME AT WORK ON HOLIDAY 13
SIMPLE USER EXPERIENCES WIN 14
DIGITAL PAYMENTS MODERN UX ENTIRELY MOBILE 15
Pay for more than Fill out Customer wants to you need forms insure Yearly Purchase bike, laptop policy blanket and camera Get quote renewal Policy Confusing Research terms options online Limited Options Fill out forms Spend Pay high hours excess on phone Weeks go by… Accident File Claim Occurs claim settled Painful customer journey Poor customer Premium service increase 16
MEET TR Ō V Our application enables people to insure just the things they want, whenever they want, for whatever duration they need. Entirely from a smartphone. CONFIDENTIAL TR Ō V INC
New item is On-demand purchased protection at POS Item is added when you to Tr ō v need it Prompt Receipt for user to protect purchase is new item automatically forwarded Accident Occurs Easy Quick chatbot resolution claim Tr ō v customer journey Protect just the things you want - exactly when you want - entirely from your phone. 18
TR Ō V PRODUCT LINE T R O V D I R E C T T R Ō V P R I V A T E L A B E L T R Ō V E M B E D D E D Tr ō v ‘s flagship on-demand Private labeled apps & web front Services from the Tr ō v platform insurance application ends for insurers (B to B to C) embedded in other apps
mobility Flexible, on-demand insurance that contextually protects motorists. • We are launching the future of automotive protection. • The person is becoming the centre of the mobility equation, rather than the mode of transport. • A personalized cover that puts the customer In control and adjusts to their changing needs. All from their phone. 20
travel Travel insurance for people and their things on the go. Hi there! • Millennial’s are expected to grow to be the largest travel I’m your chatbot concierge market in coming years - but only account for ~13% of and I’m here to help you travel insurance sales. customize a travel policy that’s just right for you… • There is an opportunity to reinvent the experience and provide a bespoke travel policy with Trov Travel. Which of the following travel benefits would you like? • Manage your Travel policy, protect your items & claim all through your mobile device. travel policy • Plus how about receiving contextual rewards and travel policy benefits on us? Go enjoy yourself. LUGGAGE TRAVEL DELAY RENTAL CAR EXCESS 21 LOSS OF INCOME PERSONAL LIABILITY SELECT & PURCHASE POLICY
rider Passenger coverage for driverless & driver-present ride- hailing services. • Ride-hailing services have changed dramatically in recent years, and we’re here to make that experience even better. And safer. • Annual, static insurance policies no longer make sense for the majority who need choice & flexibility that come with the job. • We have built an entirely new passenger-centric insurance offering for autonomous and driver-present vehicles, calculated on a mile-by-mile basis. Protected at the swipe of a fingertip. 2017 Ridr for Google, others TBD 22
TR Ō V IS AN APP & PLATFORM UX PLATFORM CAPABILITIES INSURANCE CHANNELS CLOUD-NATIVE INSURANCE COMPANIES T R I G G E R I N S U R A B L E M O M E N T S REGULATORY MICRO-DURATION POLICIES TR Ō V APP LICENSE POINT OF SALE R E V E N U E S H A R E ALGORITHMIC PRICING CHANNEL MARKETING T R Ō V A P I TROV WEB CLAIM-BOT & PORTAL BANKING 3 RD PARTY APPS & PLATFORMS UNDERWRITING INTEGRATED BILLING & FULFILLMENT CAPITAL POST PURCHASE EMAIL PAYMENTS RULES BASED ANTI-FRAUD DIGITAL RECEIPTS
TR Ō V PARTNERS WITH UNDERWRITERS • UW partner takes balance sheet risk A S I A - PA C I F I C N O R T H A M E R I C A E U R O P E • Tr ō v is Appointed Representative in AU and UK U/W TBD CANADA 2018 2016 2018 • Tr ō v is MGA in USA PAN-EU 2017 PAN-ASIA 2018 2018 • Tr ō v and Insurance Partner 2017 design Insurance product • U/W Fronting via UW partner TBD (or an affiliate) LATAM 2018 2016 CONFIDENTIAL TR Ō V INC
THANKS FOR LISTENING Mark Dowds co-founder and chief strategy officer, Trov www.trov.com mark@trov.com @markdowds
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