Self-Driving Car Services

Trov, a startup, and Munich Re will insure Waymo's self-driving car service riders.

Trov, an on-demand insurance startup, intends to offer trip insurance to passengers who use Waymo's soon-to-be-launched self-driving ride-hailing service.

Waymo, formerly Google's self-driving car project, intends to launch a commercial ride-hailing service for the general public in Phoenix beginning in 2018. (Alphabet Inc. is Google's corporate parent.)

Trov initially focused on assisting individuals in insuring their possessions such as cameras and sports equipment through its platform, which allows users to turn coverage on and off with a swipe of a finger on a smartphone.

Trov intends to provide trip insurance tailored to the service's users. The coverage will be underwritten by a non-admitted affiliate of Munich Re, whose venture capital arm has invested heavily in Trov. According to the app developer, the policies will cover lost property, trip interruption, and medical expense reimbursement resulting from rides.

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