Trov, a global leader in insurance technology, and Free2Move, the U.S.-based car-sharing service launched by PSA NA Car Sharing Solutions, are extending their partnership for a third year.
In 2018 when PSA NA Car Sharing Solutions entered North America and Canada, Trov’s Mobility Insurance Platform powered context-based insurance coverage for Free2Move, resulting in an immediate 30% cost reduction over traditional insurance offerings. Trov Mobility has since evolved to provide risk operations technology in addition to insurance coverage to Free2Move.
With Trov’s expanded offering, Free2Move benefits from a cost-effective commercial insurance program and powerful new software that turns over 70 million data points – including vehicle, driver, and road data – into insights that allow them to efficiently monitor, manage, and mitigate risk in real time.
“We’re really pleased to be renewing our program again with Trov,” Lynn Blake, vice president of mobility Free2Move, said in a statement. “The team has done so much more than keep our insurance costs down; they’ve transformed our view of risk with their risk operations technology, which has become an irreplaceable tool our team uses on a daily basis. It not only streamlines our operations, but we’re seeing as much as a 10% reduction in vehicle downtime through the use of the platform, allowing us to keep our vehicles on the road and generating revenue.”