InsurTech Magazine September 2020 | Page 78

AI & DATA
78 offers insurance premiums exclusively to those who meet their standards , thereby lowering overall rates for other policyholders and motivating more responsible behaviour on the road . “ The car insurance industry is woefully out of date , which is why you pretty much only see flashy marketing campaigns and pricing gimmicks ,” said Dan Manges , CTO , in a press release . “ At Root , we ’ re using technology to reinvent insurance from the ground up to make the whole experience easier and fairer for our customers .”
Root Insurance
CEO – Alex Timm
CTO – Dan Manges
CFO – Dan Rosenthal SEPTEMBER 2020