Insurtech Magazine July 2023 | Page 108

04 Guy Goldstein Alex Timm

TOP 10 03

04 Guy Goldstein Alex Timm

Co-Founder & CEO
NEXT Insurance Co-Founder & CEO Root Insurance
As the Co-Founder and CEO of Root Insurance , Alex Timm has contributed to the disruption of traditional insurance models by leveraging innovative technology and data analytics . Under his guidance , Root Insurance has become a prominent name in the insurtech sector , offering personalised auto insurance rates based on individual driving behaviour . Timm has also helped Root Insurance expand its embedded insurance offerings through strategic partnerships . Headquartered in Ohio , the insurtech has raised US $ 827.5m since its founding . In June 2021 , Timm released a report detailing how fatherhood has helped change his leadership approach .
Founding NEXT Insurance in 2016 , Guy Goldstein was a national finalist at the Entrepreneur of the Year awards for 2022 for his leadership of the company , which has raised US $ 881m to date . With a one-stop-shop platform that leverages AI technology , NEXT Insurance now serves over 1,300 classes of business , including restaurant owners , accounts , fitness professionals and general contractors .
Under Goldstein ’ s leadership , NEXT Insurance received an ‘ A-Excellent ’ rating from AM Best , reimagining the servicing process for providing SME insurance to make policy offers bespoke to each organisation . With over 20 years of industry experience , Goldstein has previously served as CEO of mobile payment company Check , as well as in executive positions in corporate development .
108 July 2023