New mobile platform will give developers, insurers, and fleets leading predictive powers
San Mateo, CA (Mar. 12, 2020) – Based in Chicago, Root Enterprise is a new business dedicated to improving the way commercial companies assess and manage driving risk. Built using the technology that powered the fastest growing InsurTech business in the U.S., Root Enterprise provides proven predictive technology to insurers, developers, and fleet managers seeking to more accurately assess risk.
“From day one, we can help insurers and fleets fundamentally change how they interact with drivers, lower business risk, and reduce outright cost and losses,” said Raja Chakravorti, GM of Root Enterprise. “The insurance experience of our team and platform gives us more in-depth understanding than any other provider on how to leverage telematics to impact product innovation.”
For insurance companies, Root Enterprise is a platform that captures and analyzes impactful data that reveals risky driving behavior, resulting in more accurate individual underwriting and risk reduction from the overall risk pool of the insurer. Using telematic data captured on drivers’ personal mobile devices, Root Enterprise can capture leading risk/cause of accidents, such as distracted driving, which older, plug-in devices cannot measure. Risk models generated from the Root Enterprise platform have proven to be 8x more predictive than other leading telematics platforms.
In addition to providing a telematics platform for insurers and fleets, Root Enterprise solutions enable developers to create driving-powered features for their customers. Using a Root Enterprise SDK, companies are able to capture telematics data utilizing their existing mobile app and easily onboard drivers.
“We’ve seen what our technology and data can do for individuals—more than 3 million drivers have downloaded the Root app powered by the Root Enterprise platform—and we’re committed to bringing the power of our data science to businesses, too,” said Chakravorti. “Our seamless data collection and unparalleled security is available to companies of all types and sizes.”
About Root Enterprise
At Root Enterprise, we’re dedicated to improving the way companies measure and manage driving risk. Our proven mobile telematics platform records and analyzes driving behavior, including braking, acceleration, turning, and distracted driving. Driver onboarding is quick and easy, with the technology seamlessly integrating into an existing mobile app or available through a customizable Root Enterprise app experience. By leveraging our cutting-edge data science, companies gain deep insights into individual driving behavior, unlocking opportunities to proactively and reactively manage driving risk. For more information, visit www.root-enterprise.com.
SOURCE: Root EnterpriseTags: mobile, platform, Predictive Analytics