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ROOT INSURANCE

REVENUE : US $ 350M EMPLOYEES : 700 + CEO : ALEXANDER TIMM FOUNDED : 2015

Root Insurance is a car insurance provider that utilises telematics to offer personalised rates based on individual driving behaviour . By tracking driving habits through a mobile app , Root assesses factors such as braking , speed , and time of day to determine risk levels and set premiums accordingly . This datadriven approach allows Root to reward safe drivers with lower insurance costs , promoting safer driving practices . The company ’ s commitment to transparency and fairness has made it a popular choice among consumers looking for customised and affordable car insurance options . Root ’ s innovative use of technology sets it apart in the competitive auto insurance market .

Alexander Timm CEO , Root Insurance insurtechdigital . com 47