“We delivered some of the best loss ratios in the industry, better than almost all of the top 10 in 2023. And that’s all because of our technology. It goes back to being able to detect and respond very, very quickly.” — Alex Timm, Root CEO In case you missed Alex’s chat with Andrew Kligerman, Managing Director at TD Cowen, at TD’s Financial Services & Fintech Summit, catch it below.
About us
Root Inc. is disrupting the archaic, trillion-dollar insurance industry. We’re driving the FinTech revolution by creating powerful insurance products and technology platforms that rewrite the rules for today’s world, promoting fairness, simplicity, and personalization. And we’re just getting started.
- Website
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http://root.com
External link for Root Inc.
- Industry
- Insurance
- Company size
- 1,001-5,000 employees
- Headquarters
- Columbus, Ohio
- Type
- Public Company
- Founded
- 2015
- Specialties
- Car Insurance, Mobile App, Technology, Automotive Telematics, Insurance, Data Science, and Engineering
Locations
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Primary
Get directions
80 E Rich St
Columbus, Ohio 43215, US
Employees at Root Inc.
Updates
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On July 21, 2016 Root’s original underwriting code was created; in the summer of 2022, the Underwriting Team designed a new Underwriting System for more flexible, configurable, and responsive functionality. And over the last two years, that team has steadily and doggedly worked to migrate, replace, or deprecate that legacy codebase piece by piece, capability by capability. Earlier this week, joined by more than 100 Root team members (including two talented musical guests), we officially laid our Legacy Underwriting System to rest. Remarks were shared, a tomb cake was served, and battery-operated votives lined the room. If you take code as seriously as we do, check out our job openings here: joinroot.com/careers
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Congratulations to CEO Alex Timm on being named one of Columbus Business First's 2024 Power 125. We’re honored to have Root sit among so many great companies and leaders.
The Power 125, part two: Meet the most influential people in Central Ohio - Columbus Business First
bizjournals.com
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Congrats to Chip Ganassi Racing and Alex Palou for the INDYCAR win this weekend. We loved hosting our friends from Goosehead Insurance Agency and seeing all those Root hats in the winner's circle. And that Root logo looks pretty good on that back tire!
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CEO Alex Timm talks to Brad Smith at Yahoo Finance about Root's strong quarter, the factors affecting the cost of total car ownership, and how telematics can help drivers save money.
Americans are feeling the pain of car insurance inflation
https://www.youtube.com/
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Celebrating Root board of directors member Jerri DeVard as she was inducted into the American Advertising Federation Hall of Fame last night. Congratulations on this massive and much deserved accomplishment!
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Thanks to James Thaler at The Insurer for a great conversation with CEO Alex Timm.
🎥 Root CEO Timm: Tech advantage becoming clear with strong results in recent quarters Watch the FULL exclusive interview here👇 https://lnkd.in/eeJucNkY Root CEO Alex Timm has said the insurtech appreciates the recent recognition it has received for its performance among investors, and argued that the auto specialist’s technology advantage is starting to become more evident as it outperforms the industry. Alex Timm | Root Inc. | InsurTech NY | James Thaler You will hear more on: ✅ How Root is looking to build differentiated access to customers, including through its deal with Carvana ✅ The further opportunities presented by developing embedded insurance partnerships ✅ Improving customer experience, including through Root’s mobile app ✅ The importance of underwriting and the proper pricing of risk ✅ Bifurcated market and flight to quality from investors as industry exits “Great Winter of Insurtech” #TheInsurerTV #NewsinFocus #Insurtech #PersonalAuto #insurance #reinsurance #insuranceinterview #reinsuranceinterview #insurancemarket #reinsurancemarket #insurancenews #reinsurancenews
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We’re excited to be presenting at InsurTech NY's Spring Conference in New York with SVP of Strategy & Reinsurance Isaac Espinoza speaking on the Embedded Insurance panel on March 20th and CEO Alex Timm speaking on the InsurTech CEO Perspective: Paving the Path to Profitability keynote panel on March 21st.
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Thanks to the Association of Insurance and Financial Analysts (AIFA) Conference for hosting CEO Alex Timm—alongside Yaron Kinar and Rotem Iram—this week in a great panel discussion on the opportunity for profitable growth, competitive dynamics, technology advantages, and approach to distribution.
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