Midwest insurance tech startups show promise

Last week, Columbus, Ohio car insurance provider Root Insurance became the latest startup to hit a $1 billion valuation — still a rare feat for any startup, and even rarer for those outside of Silicon Valley.

Root’s rapid ascent — it took the company just three years to reach unicorn status — is also indicative of the potential in the Midwest for one promising industry: insurance tech.

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Story excerpt provided by VentureBeat.

Written by Anna Hensel.

Originally published August 29, 2018.