Root News
Dispatches from InsurTech Survival Island: Five Takeaways From Statutory Financials (Part 2)
Statutory financial statements are painting an unattractive picture for three InsurTechs that have chosen to become real insurers so far. In Part 1 of this three-part article, we revealed that loss ...
Dispatches From InsurTech Survival Island: Five Takeaways From Statutory Financials (Part 1)
"All the insurance players will be InsurTech" is a phrase we have uttered on many occasions in the past few years, but some InsurTechs have chosen to be insurers. Real insurers. Which means they file ...
Root Raises $51M to Fuel Further Growth of Telematics-Based Auto Insurance Biz
Root, an auto insurance startup centered around telematics, closed a $51 million venture financing designed to fuel expansion into more states and enable further investment in its core technology. ...
Root Expands Into Four More States With Telematics-Based Auto Insurance Cover
Root, a telematics-based auto insurance startup, has expanded into four additional states, bringing the total in which it operates to 10. New state approvals to operate are from Pennsylvania, Texas, ...
The Latest Launches From Swiss Re, Root, Hudson Insurance and More
A commercial auto insurance startup has a new strategic partnership with Munich Re's Digital Partners. Swiss Re's Corporate Solutions business started selling a multi-coverage management liability ...
Auto Insurance Startup Root Expands, Links With Lyft on Car Rental Alternative
Startup telematics-based auto insurer Root is now offering rental coverage in partnership with ridesharing firm Lyft. For policyholders with short-term needs for alternate transportation after an ...
InsurTech Startups Root, Slice, Lemonade Disclose State Expansions
InsurTech startups Root, Slice and Lemonade each announced they've expanded their operations into new states. Root, an auto insurance startup, said it can now do business in Arizona after debuting in ...
Insurance Startup Root Hires Ex-State Auto Exec Powell as Its CFO
Insurance startup Root is tapping a former State Auto executive Cindy Powell as its chief financial officer. Powell had been at State Auto Insurance Companies for 26 years, and served as its first ...