PriyaPatel
TLDR:
- Matt Bonakdarpour has been appointed as the President and CTO of Root Insurance, a technology-driven insurance company.
- Root Insurance aims to revolutionize the insurance industry through data science and cutting-edge technology.
Key Elements:
Root Insurance, a leading technology firm specializing in insurance solutions, has announced the promotion of Matt Bonakdarpour to the dual role of President and Chief Technology Officer. Established in 2015, Root is headquartered in Columbus, Ohio, and is known for transforming the insurance industry through data science and advanced technology.
Bonakdarpour, with a strong background in computer science and statistics, has been instrumental in implementing statistical machine learning for telematics risk scoring, pricing, and marketing at Root since 2018. His promotion to President and CTO reflects the company’s focus on growth and innovation.
Root Insurance has collected over 25 billion miles of driving data through its app, aiming to offer personalized and equitable insurance experiences to its customers. With Bonakdarpour’s leadership, Root continues to refine its insurance products and drive profitability and growth.
CEO Alex Timm praised Bonakdarpour’s leadership and strategic thinking, expressing confidence in Root’s future success under his expanded role. The company’s commitment to excellence and innovation in the insurance industry remains strong with Bonakdarpour at the helm.
