(Original title: Waymo partners with Trov to offer passenger insurance for its self-driving service)
According to TechCrunch, Waymo, the autonomous vehicle division of Alphabet, is collaborating with insurance startup Trov to provide coverage for passengers using its upcoming ride-hailing service. As reported by The Wall Street Journal, Trov will offer loss protection and property management services for Waymo passengers, as well as cover any medical expenses that may arise during a ride. However, this insurance will be invisible to passengers, as Trov will handle all the behind-the-scenes operations.
This partnership represents a new direction in shared mobility, offering unique opportunities for both new and established players in the industry. Originally, Trov focused on insuring devices and cameras that could be remotely disabled. Now, it's expanding its model with Waymo as its first major corporate client.
In addition to this collaboration, Waymo has also partnered with Avis, a car rental company, which is now helping maintain its pilot fleet in Arizona. Avis will ensure that vehicles are well-maintained and clean, similar to how taxi companies operate. Since Waymo cars are used more frequently than regular consumer vehicles, they require more consistent upkeep.
The growing "halo economy" around autonomous transportation is creating new opportunities for startups and traditional businesses alike. As these services expand, we can expect more innovation and experimentation in the space. Keep an eye on this evolving industry for the latest developments and exciting progress.
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