Root News
Nationwide Eyes Q4 Rollout for Spire, a Digital Auto Insurance Platform
Nationwide is striking hard against digital insurer upstart competitors with the debut of Spire, a digital auto insurance platform with an eye on millennial customers. Spire rolls out in the 2019 ...
Root Insurance Secures $350M Financing to Fuel Accelerated Expansion
Root Insurance confirmed it has pulled in a $350 million venture capital infusion, a few weeks after news of the imminent financing leaked early. The Wall Street Journal reported in late August that ...
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" ...
Root Reportedly Nears Finish of $350 Million Financing Round: WSJ Report
Root Insurance is reportedly nearly finished raising $350 million in new financing, The Wall Street Journal is reporting. Roots' latest funding round is expected to be completed sometime this month, ...
Root Insurance, Goodyear Ally to Boost Auto Policyholder Services
Root Insurance sealed a collaboration deal with The Goodyear Tire & Rubber Company that will allow its auto insurance policyholders to access tire purchase and installation services. "We are ...
Between an Ant and a Grasshopper, Lemonade’s Results ‘Most Improved’
The three U.S. venture-backed InsurTech carriers we have been tracking for several quarters have more money, more premium and more losses as we head into the last quarter of the year. During the ...
Can an InsurTech Startup Compete With Progressive and GEICO?
The most common refrain of startups is that insurance is broken and their solution will fix it. Oui, c'est vrai. But two companies have their act together more than almost any other insurers: GEICO ...
Startups vs. Incumbents Revisited: Q32018
We first pointed out in a second quarter analysis of VC-backed startups Root, Lemonade and Metromile that companies run or led by well-known underwriters were growing slowly but far more profitable ...