Alexander (Alex) Timm is the Founder and CEO of the car insurance company Root Insurance. Timm founded the company in 2015 with the motive of changing the age-old car insurance policies. Root Insurance CEO Alex Timm believes car insurance pricing should be based on driving style or behavior and not on data and numbers. He wants to transform the structure of these insurance policies and make them more hi-tech based on mobile technology and data science. (Have a look at this wiki for details such as Root Insurance CEO email address, Alex Timm net worth in 2023, husband & family, and Root Insurance CEO salary.)
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Timm doesn’t want efficient drivers to bear the brunt of expensive insurance policies; instead, he provides them with rates that are customized and fair, which can be accessed with the help of mobile apps. The company focuses on the performances of actual drivers by using behavioral data and proprietary telemetrics. Under him, the Root Insurance Company tied up with a well-known online car selling and buying platform Carvana to offer integrated insurance solutions for buyers.
Root Insurance Competitors
Root Inc. faces tough competition from other insurance company giants like –
- Lemonade
- BGL Group
Alex Timm Net Worth 2023 – Root Insurance CEO Salary
As of 2023, Alex Timm’s net worth is estimated to be in the range of 52-72 million USD. His annual compensation reportedly stands between 5-8 million USD.
Root Insurance Net Worth 2023 – Is Root Insurance Profitable?
As of 2023, Root Insurance’s net worth is estimated to be between 0.15-0.35 billion USD. No, the auto insurtech company, Root Insurance, is not profitable.
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Root Insurance CEO Email Address | Alex Timm Contact
You can write to [email protected] to reach out to the company’s CEO. His LinkedIn profile can be viewed at https://www.linkedin.com/in/alex-timm-b2371a16/.
Career & Education – Company, University, & College
Before founding Root Insurance, Timm held various management roles in Nationwide Insurance. He is also a board member of GoHealth, Inc. Timm went to Drake University to pursue BSBA and BA degrees. He has done courses in Actuarial Science, Accounting, and Mathematics. Timm was also an instructor at Drake University for Actuarial Exam Review and received several licenses and certifications from The Casualty Actuarial Society and the American Academy of Actuaries.
Alex Timm Wiki: Age, Husband, Family, & More
Root CEO Alexander Timm, age 35, lives in Columbus, Ohio, US with his husband Adam and their adopted son Christopher. He was always very interested in the insurance field. At the young age of 14, he started out in this field. His father Mr. Christopher Timm had a great influence on him; he was the President of Century Surety. Timm feels that it’s his duty to carve out a new world for the next generation and lead the community with selflessness and dedication. An avid reader and math genius, he once suffered from dyslexia.
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