Root, Inc.
Offers mobile-based auto and renters insurance with rates based on driving behavior data.
ROOT | US
Overview
Corporate Details
- ISIN(s):
- US77664L2079
- LEI:
- Country:
- United States of America
- Address:
- 80 E RICH STREET, 43215 COLUMBUS
- Website:
- https://joinroot.com/
- Sector:
- Financial and insurance activities
- Industry:
- Insurance
Description
Root, Inc. is a technology-driven insurance company that provides automobile and renters insurance directly to consumers. The company's core business model is centered on usage-based insurance (UBI) powered by telematics. Through its mobile app, Root collects data on driving behavior during a 'test drive' period, enabling it to price policies primarily on an individual's actual driving habits rather than traditional demographic factors. This data-first approach aims to offer more equitable rates and reward safe drivers with lower premiums. As the first licensed U.S. insurance carrier powered entirely by mobile, Root seeks to modernize the industry by using technology to create fairer insurance products.
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Filings
| Date | Filing | Language | Size | Actions | |
|---|---|---|---|---|---|
| No filings match the current criteria. | |||||
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Market Data
Market Data Not Available
Financials & KPIs
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Insider Transactions
| Date | Insider Name | Position | Type | Shares | Value |
|---|---|---|---|---|---|
| No insider transactions recorded for this company. | |||||
Peer Companies
