First Connect and Root Launch Streamlined Quote & Bind Process for Independent Insurance Agents

PALO ALTO, Calif., Sept. 5, 2024 /PRNewswire/ -- First Connect Insurance Services, a digital platform designed to support independent agents by providing access to the nation's top carriers, today announced it is partnering with Root Insurance to offer API-powered quote and bind capabilities to independent insurance agents. Root Insurance is a subsidiary of Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions. 

The new interface streamlines access to Root's standard and preferred auto insurance for agents in California, and the companies plan to expand the First Connect offering in 25 additional states by the end of October.

"First Connect is committed to providing independent agents with access to leading insurance products and the technology they need to succeed in all markets," said President Aviad Pinkovezky. "Adding a leading insurtech like Root, renowned for delivering a simple insurance purchasing process, is a natural fit for our platform and a win for the agents we support."  

After an agent enters basic customer details, the new streamlined process pulls data on drivers and vehicles and, after considering state minimums and previous customer coverages, offers a policy type and deductible. Once logged on to First Connect, agents can work across all their devices without being required to enter additional carrier credentials.  

"The independent agent channel presents a unique opportunity to reach more drivers," said Jason Shapiro, Senior Vice President of Business Development at Root. "First Connect's technological prowess and productive independent agent community make them a natural partner for building a seamless and secure interface and further diversifying our distribution strategy."  

First Connect is an agent-centric platform that levels the playing field for independent agents by providing access to technology and over 100 carriers and MGAs across home, auto, cyber, small business, life, and specialty lines. The two companies plan to roll out the new streamlined quote and bind process to independent agents in additional states in the coming months.

To learn more about how First Connect provides independent agencies with access to the leading carriers or to sign up, visit firstconnectinsurance.com.

About First Connect

First Connect Insurance Services is a digital platform designed to level the playing field for independent agents by providing access to over 100 carriers and MGAs across home, auto, cyber, small business, life, and specialty lines. First Connect is a licensed property casualty insurance agent with products underwritten by various insurance companies. For more information, visit https://www.firstconnectinsurance.com/

About Root, Inc.

Founded in 2015 and based in Columbus, Ohio, Root, Inc. (NASDAQ: ROOT) is the parent company of Root Insurance Company. Root is revolutionizing insurance through data science and technology to provide consumers a personalized, easy, and fair experience. The Root app has 14 million downloads and has collected more than 27 billion miles of driving data to inform their insurance offerings. To learn more about Root, visit root.com.

Contacts

For First Connect
Mark Olson
[email protected]

For Root
[email protected] 

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of federal securities laws. These forward-looking statements relate to, among other things, expectations about our future business results. Such forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. We have based our forward-looking statements on our current expectations, estimates and projections about our industry and our company. We caution that these statements are not guarantees of future performance and you should not rely unduly on them, as they involve risks, uncertainties and assumptions that we cannot predict and many of which are beyond our control. Accordingly, our actual results may differ materially from the future performance that we have expressed or forecast in our forward-looking statements. In accordance with "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, we have included in our SEC filings, cautionary language identifying important factors, though not necessarily all such factors, that could cause future outcomes to differ materially from those set forth in the forward-looking statements. Copies of Root's Form 10-K and other SEC filings are available on the SEC's website, Root's website at https://ir.joinroot.com/investor-relations or by contacting Root's Investor Relations office. Copies of Hippo's Form 10-K and other SEC filings are available on the SEC website, Hippo's website at investors.hippo.com, or by contacting Hippo's Investor Relations.

SOURCE Hippo Analytics, Inc