Munich Re has, for example, in November 2016 partnered with app-based insurance provider Wrisk, an Insurtech venture, to become its exclusive carrier for business underwritten in the UK, Europe and US. It is also funding California-based insurtech start-up Trov which offers on-demand insurance, enabling users to buy insurance for specific products, for specific amounts of time through their smartphones. Users can turn insurance on and off with a swipe and also file claims through the app.