This Start-up Will Soon Be Insuring Your Driverless Car Ride

One element of self-driving cars that are still being worked out, however, is liability insurance. Waymo is taking an innovative approach to this end of the business as well, as it recently selected Australian insurance start-up Trov to insure both people and possessions inside Waymo’s self-driving cars. Here’s why. It’s curious that Waymo would select a small company that has no experience in car insurance as its partner for self-driving cars, but there’s actually a very interesting reason. Trov was formed in 2012 and received venture funding recently from Munich Re (NASDAQOTH:MURGY). Munich Re will be underwriting the risks in Waymo’s program through Trov’s technology applications.