Root, a pioneering technology firm specialising in insurance solutions and the parent entity of Root Insurance, is delighted to announce the elevation of Matt Bonakdarpour to the dual role of President and Chief Technology Officer (CTO).
Root, established in 2015 and headquartered in Columbus, Ohio, is at the forefront of transforming the insurance industry through the application of data science and cutting-edge technology. The company strives to offer a personalised, straightforward, and equitable insurance experience to its customers. With close to 13 million app downloads, Root has collected over 25 billion miles of driving data, leveraging this wealth of information to refine their insurance products.
Matt Bonakdarpour, with his profound background in computer science and statistics, has been a key figure at Root since 2018. His leadership and innovative strategies in implementing statistical machine learning for telematics risk scoring, pricing, and marketing have significantly contributed to Root’s success.
In his capacity as CTO, Bonakdarpour has led various teams including Data Science, Analytics, Engineering, IT, InfoSec, State Management, Marketing, and Pricing Actuarial. His promotion to President and CTO represents an expansion of his responsibilities, now overseeing the company’s strategic priorities and initiatives aimed at bolstering profitability and growth.
Root’s CEO, Alex Timm, “Matt has consistently demonstrated strong leadership and strategic thinking beyond the realm of technology. The addition of President to his title is a well-deserved acknowledgment of Matt’s contributions and reflects the broader scope of his role within the company. I am confident that with Matt’s partnership, Root will continue to thrive as we grow and excel in our industry.”
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