Root Insurance News
How Root Insurance Did What Other Insurers Only Imagined
Having achieved unicorn status with a $1 billion valuation less than two years after its official October 2016 debut, InsurTech carrier Root Insurance Company may seem like an overnight success. The ...
A Passion for Insurance: Growing Up in the Business
Alex Timm's path to the C-Suite of an InsurTech carrier probably isn't typical. Unlike other InsurTechs headed by technology experts or marketing officers from outside the insurance industry, Timm is ...
Did You Know? Auto and Renters Risks Correlated
To Alex Timm, CEO of Root Insurance Company, the auto insurance carrier's recent move into the renters insurance market seemed like a natural extension for its customer base given that 70 percent of ...
Lemonade, Root and Metromile: Can David Challenge Goliath With No Sling?
Continuing a series in which we evaluate and discuss the financial performance and operating results of the InsurTech carrier trio of Lemonade, Root and Metromile, we find continued growth and ...
Root and Lemonade: Real Unicorns or Ponies in Halloween Costumes?
FROM THE ARCHIVES: A VINTAGE CARRIER MANAGEMENT ARTICLE FROM 2019. In ancient times, it is believed that civilizations including the Romans, Indians and Egyptians had some form of "group protection" ...
Executives On The Move at Root Insurance and AXIS Re
Root Insurance made some executive changes, including hiring a new chief financial officer. AXIS Re, the reinsurance business segment of AXIS Capital Holdings Limited, named a new head of property ...
Root Insurance Enters California Market, Where Telematics Underwriting Tool Doesn’t Apply
Root Insurance, an auto insurance startup that does business via smartphone, has entered the California market. But there's a catch. Root's app uses smartphone technology, telematics and data science ...
Distracted Driving Proliferates Well Beyond Cellphone Use: Survey
Carriers may be concerned about drivers using their cellphones or succumbing to other distractions while behind the wheel, but the behavior remains entrenched in daily life. Sometimes, it is even ...