Looks like Root, like many Insurtech carriers, needs the Independent Insurance Agency channel.
- Thread starter shawnmwalker
- Start date
- 2,204
Thanks for the share: "“We recognize that some consumers prefer a human element when making significant purchases,” -says it all.
- 913
This is staggering:
Like other mid-stage insurtechs working to grow scale, Root is still a money-loser. The insurtech lost $363 million for all of 2020, up from $282.4 million the previous year. The company reported a $178.6 million net loss in Q2, or negative $0.72 per share, in results released Aug. 11. That compares to a $32.2 million loss, or negative $1.03 per share, a year ago.
