Root, Inc. Appoints Rob Bateman as Chief Financial Officer, Effective April 11
March 22, 2022 at 04:05 pm
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Root, Inc. announced the addition of Rob Bateman to join the insurtech as the company's new Chief Financial Officer, effective April 11. Bateman joins Root as Chief Financial Officer with over two decades of broad strategic, financial and operational experience across the insurance industry, most recently as President and Chief Financial Officer of Ategrity Specialty Insurance Company. He has built and led multiple teams that have successfully driven profitability and forward momentum in the auto insurance space.
Root, Inc. is a holding company. The Company operates through its subsidiaries, including Root Insurance Company, Root Property & Casualty Insurance Company and Root Reinsurance Company, Ltd. The Company is a technology insurance company operating a direct-to-consumer model with its personal insurance customers acquired through mobile apps. It offers auto and renters insurance products underwritten by Root Insurance Company and Root Property & Casualty. The Company, by collecting and synthesizing sensory behavioral data across thousands of driving variables, including distracted driving, it strives to price auto insurance based more on causality than correlation. It uses telematics, mobile technology and its digital platform to collect data points that it evaluates in pricing and underwriting certain of its insurance policies, managing claims and customer support, and improving business processes. Its primary focus is on the United States auto insurance market.