Waymo, the driverless-car division of Google parent Alphabet has selected insurance technology firm Trov to provide insurance for Waymo passengers.
The start-up insurer will provide cover for passengers of Waymo´s ride-hailing service against injury as well as lost and damaged property.
Trov´s ability to measure risk in what it calls “micro-durations” helped it win the Waymo contract, enabling it to cover passengers for the length of just a short ride in a driverless vehicle.
Waymo is set to have a commercial fleet of driverless vehicles operating on US roads very soon.
In November, Waymo chief executive John Krafcik said the service would begin operating “within the next few months”.
The Alphabet unit is eventually expected to face competition from the likes of General Motors and Uber, which have also been working on similar offerings.
After years of testing, the first Waymo driverless car service should imminently begin operating in the Phoenix area of Arizona.