Overview
Description
Root Inc. is a technology-driven insurance company that focuses on providing affordable and personalized auto insurance through the use of advanced data analytics and telematics. By collecting data directly from a customer's smartphone, Root Inc. is able to assess driving behavior in detail, which allows the company to offer more accurate and customized insurance rates. This innovative approach disrupts traditional insurance models and enables Root Inc. to align premiums more closely with individual risk profiles, potentially leading to cost savings for safer drivers. Root Inc. embraces the digital frontiers, offering an entirely app-based customer experience for everything from policy management to filing claims, reflecting the growing trend of digital transformation in the insurance sector. Headquartered in Columbus, Ohio, Root Inc. continues to expand its footprint in the U.S. insurance market, targeting tech-savvy consumers who appreciate efficiency and transparency in their insurance dealings. As such, Root Inc. plays a pivotal role in redefining personal auto insurance through technology and data-centric strategies.
About
CEO
Mr. Alexander Edward Timm
Employees
1021
Address
80 E. Rich Street
Suite 500
Columbus, 43215, OH
United States
Suite 500
Columbus, 43215, OH
United States
Phone
866 980 9431
Website
Instrument type
Common stock
Sector
Financial Services
Industry
Insurance - Property & Casualty
Country
United States
MIC code
XNGS