Company’s investment reflects Ohio’s insurtech and innovation growth
Cincinnati Financial Corporation’s (Nasdaq: CINF) lead property casualty subsidiary, The Cincinnati Insurance Company, prides itself on delivering personalized experiences to clients. The company will expand its R&D operations to accelerate company-wide digital and data transformation, supported by a $2.5 million JobsOhio R&D Center Grant.
Insurtech disruptor plans to grow its workforce by more than 500 percent over the next three years
Root Insurance is a fast-growing insurtech company that provides customers a personalized car insurance rate based primarily on their driving behaviors. Founded in Ohio in 2015, Root Insurance is now available in 17 states. To meet the growing demand for its product, Root recently announced a significant expansion in Ohio. The company credits its choice to reinvest in Columbus to the quality of the region’s workforce and the city’s rapidly growing reputation as a tech startup hub.
Digital insurance agency confident in region's resources to advance fintech growth
Matic is a technology-driven insurance agency using fintech solutions that match mortgage lenders with homeowners who need insurance quotes. The company is confident that Columbus’s fintech talent, entrepreneurial climate and vibrant economy will continue to fuel the company’s escalating success.