What’s going on in insurtech?
Root laid off 330 people today https://coverager.com/root-lays-off-a-significant-number-of-employees/
Coverager - Insurance news and insightsThey were shit companies fundamentally, trying to sell to millennial folks.
you just described all of fintech and crypto
Yeah cause crypto & fintech are products millennials dig, relate to & readily invest in. But insurance? I don’t even remember my granna talking about it
If you were in Business Intelligence, Data Engineering, or Data Science at Root, feel free to PM for a referral.
Auto insurance was hit hard by the pandemic due to supply chain issues, increased value of used cars, etc. Further, insurtech in general is a steep hill to climb. I’m still at Root.
this. i don’t think people understand how hard it is to scale an insurance company. the capital requirements are insane
Root, Metromile, Lemonade stock is down 80%+