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Showing 1 to 9 of 9 results
Insurtech Root fires CFO of less than a year for ‘violation’ with no severance pay
It claims ‘violation of company policies’ as cause for termination.
Root places its property catastrophe reinsurance programme via Tremor Panorama
Tremor recently announced more than $1bn in new placement commitments.
Motor insurtech Root files for IPO
Goldman Sachs, Morgan Stanley, Barclays, and Wells Fargo Securities will act as lead bookrunners for the offering.
US motor insurtech Root expands product portfolio
Root extends its service portfolio by offering homeowners insurance in 13 US states.
Root Insurance Company launches new renters’ insurance
Disruptive new app-driven offering starts at $6/mo.
SoFi grows insurance portfolio with AI driven Lemonade and mobile data insurer Root
SoFi, the online financial services provider, has partnered with AI powered-insurer Lemonade and smartphone and data science auto insurer Root to expand its insurance portfolio.
Lemonade, Metromile, Root struggle to reach underwriting profits
The venture-backed full-stack US insurtech startups continued to show rapid premium growth in the second quarter of 2018 with moderately lower underwriting losses but they have yet to generate a sustainable loss ratio under 100 percent, according to “The Second Quarter in InsurTech Start-up Financials” by Matteo Carbone.
US motor insurtech Root raises $100m funding for expansion
Root Insurance, a car insurance startup that operates entirely via mobile technology, has raised $100 million in Series D funding, pushing the insurtech's valuation to $1 billion.
US motor insurtech Root expands reach
Root Insurance, a car insurance company that operates entirely via mobile technology, has added availability in four new states in the US.
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