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InsurTech Root Inc. posted a net loss for the fourth quarter 2023 of $24 million and a net loss for the year of $147.4 million. Results were improvements from net losses of about $58.3 million for ...
At a time when auto insurers react to inflation shocks by filing rate increases at a frenetic pace, an InsurTech CEO says automation of the activity is speeding his company's actuarial rate ...
While he didn't say that distribution of Root Insurance products through independent agents was off the table in 2022, the InsurTech's chief executive officer did say the company is now laser-focused ...
Root has lost more than $415 million from January through September 2021, almost double the same period a year ago. The Ohio based digital auto insurer also took year-to-date hits on net premiums ...
Why is it so hard for property/casualty insurance carrier professionals to accept the idea that InsurTechs are bringing value to the insurance industry—and changing it for the better? I have found ...
Alex Timm, the chief executive officer of Root, has some advice for InsurTechs that go to the public markets: "You cannot let the stock price or Wall Street tell you what your value is." When ...
Over the course of the last six years, Next Insurance has adapted its business model, its distribution method, and its product offerings. Coming up next, the InsurTech aims to offer "adaptive ...
How has the pandemic changed you personally? As a leader? How will it change your company? How should the industry plan to respond to future pandemics? Carrier Management asked carrier, reinsurance ...
In many respects, we unintentionally built Root to weather situations like the COVID-19 pandemic. We have always been fueled by our passion for identifying what's not working and rolling up our ...
As automakers race to develop and test autonomous vehicles for longer and more complex trips, insurers offering unique types of auto insurance coverage aren't worrying about disruption. Dan Preston, ...
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