Root Insurance and Goosehead Partner to Enhance Agent Experience
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Root Insurance Partners with Goosehead Insurance
Root’s innovative offering integrated with Goosehead’s proprietary Quote to Issue (QTI) platform reduces the time for agents to sell policies by more than 50% through deep integration, eliminating the need to bridge to separate systems.
This technology integration is unique to the Goosehead-Root relationship, positioning Goosehead agents to sell Root’s insurance products faster and more efficiently than their competitors. This advantage allows Goosehead to fulfill its promise of delivering the right coverage at the best price for clients.
Root, Inc. (NASDAQ: ROOT), a leading technology company powering insurance solutions and the parent company of Root Insurance Company, along with Goosehead Insurance, Inc. (NASDAQ: GSHD), a rapidly growing independent personal lines insurance agency, have announced their technology integration partnership that is redefining the agent experience. This collaboration is a significant step toward enhancing the insurance process for agents and clients through cutting-edge technology.
By pairing Root’s simple, fast quote delivery with Goosehead’s proprietary Quote to Issue (QTI) platform, the new experience guides agents through the entire process, including application, coverage customization, and payment, 50% faster than before.
“The agent experience has long been lacking innovation, user enhancements, and advanced technology,” said Jason Shapiro, Senior Vice President of Business Development at Root. “Recognizing this gap, Root and Goosehead identified a unique opportunity to leverage our combined technological strengths to make the insurance-buying process more efficient. This partnership focuses on creating a fast, easy quoting experience for agents while delivering a great insurance product at a competitive price for clients.”
Together, Root and Goosehead have developed a fully embedded insurance product that simplifies the distribution process by taking agents directly to bindable, actionable quotes for their clients. This integration allows agents to provide a quick, simplified, and transparent insurance experience.
Brian Patillo, Executive Vice President of Goosehead, added, “Investing in technology is paramount to our mission at Goosehead Insurance. This partnership with Root represents a significant advancement in our mission to deliver the best possible experience for our clients and agents. By integrating Root policies into our platform, we’re not only using technology to streamline the process for our agents but also ensuring our clients receive a top-tier product at a great price.”
A New Standard in Insurance
The partnership between Root and Goosehead is poised to set a new standard for the industry, combining the strengths of both companies to create a more efficient, client-focused insurance experience.
About Root, Inc.
Founded in 2015, Root, Inc. (NASDAQ: ROOT) is revolutionizing insurance through data science and technology to provide consumers a personalized, easy, and fair experience. With 14 million downloads of the Root app and over 27 billion miles of driving data collected, Root is dedicated to enhancing insurance offerings for more satisfying customer experiences.
About Goosehead Insurance
Goosehead (NASDAQ: GSHD) is a rapidly growing and innovative independent personal lines insurance agency that distributes its products and services through corporate and franchise locations throughout the United States. Goosehead represents over 150 insurance companies underlining its commitment to consumer-centric services and provides exceptional value with broad product choices and a world-class service experience.
Frequently Asked Questions
What is the partnership between Root and Goosehead about?
The partnership focuses on enhancing the insurance sales experience for agents by improving efficiency and reducing time spent on policy sales through technology integration.
How does the integration benefit insurance agents?
It allows agents to quote, customize coverage, and process payments 50% faster, enabling them to provide a better service to their clients.
What are the main companies involved in this partnership?
Root, Inc. (NASDAQ: ROOT) and Goosehead Insurance, Inc. (NASDAQ: GSHD) are the companies collaborating to enhance insurance sales processes.
What technology does Goosehead use in this partnership?
Goosehead uses its proprietary Quote to Issue (QTI) platform in conjunction with Root’s fast quote delivery technology.
How significant is this partnership for the insurance industry?
This partnership is seen as setting a new industry standard for a more efficient, client-focused insurance experience.
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