They've pretty much streamlined the underwriting process by utilizing algorithms moreso than actuaries. Now the big insurance companies have streamlined their process to over the years, but there's still more of a human element to it than a company like lemonade. You can have your regrets it home policy set up in damn near 5 minutes, and with a better rate than most of the big companies. So I'm pretty bullish on it, especially as more young people hit the workforce and move away from home. They're gonna want a smooth easy process like everything else they're use to.
Now Root for car insurance I'm not as big on. Car insurance is a little different than home insurance. There's more of a brand loyalty and name recognition than home/renters insurance, and harder to get a real foothold in the industry. Companies are set to transition kids to their own policies when it's time for them to move on, so there's stronger retention. I keep my eye on it, but I'm not touching it anytime soon, just cause I don't trust the long term success of the product. None of that is even really stock related, just what I know of insurance after working in it for a while.
. Afterhours for FCEL, WKHS, etc looks brutal.
