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Insurance technology company Root and Goosehead Insurance, an independent personal lines insurance agency, have entered a technology integration.
The partnership is aimed at enhancing the insurance process for agents and clients through advanced technology.
It will see Root's quote delivery solution integrated with Goosehead's proprietary Quote to Issue platform, streamlining the entire insurance application process comprising application, coverage customisation and payment.
Root said this integration is expected to cut the time agents spend selling policies by more than 50% by providing connectivity and removing the need to access separate systems.
This collaborative effort between Root and Goosehead has resulted in a fully embedded insurance product that promises a quicker, more straightforward and transparent experience for clients.
Founded in 2015 in Columbus, Ohio, US, insurtech company Root owns the Root Insurance Company.
Goosehead Insurance, which operates through corporate and franchise locations across the US, represents more than 150 insurance companies that underwrite personal and commercial lines.
Goosehead Insurance executive vice-president Brian Patillo said: “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 are 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.”
Root senior vice-president of business development Jason Shapiro said: “The agent experience has long been lacking innovation, user enhancements and advanced technology. Recognising 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.”
In April 2023, Goosehead Insurance joined with Vivint Smart Home to enhance home insurance solutions using smart home technology.
The partnership with Vivint Smart Home aimed to create new services and offerings that provide personalised options for clients, potentially leading to savings on home insurance.
"Root, Goosehead team up to expedite insurance sales process " was originally created and published by Life Insurance International, a GlobalData owned brand.