Roots Automation Achieves 100% Year-Over-Year Revenue Growth in 2024, Driven by New Customer Acquisition and Account Growth
NEW YORK - January 28, 2025 - Roots Automation, creator of the Agentic AI platform for insurance and InsurGPT™, the world’s first generative AI model for insurance, today announced its fourth straight year of triple-digit revenue growth with significant company and customer expansion. In 2024, the company continued to prioritize research and development of its insurance AI technology, allowing insurance companies to increase revenue by quoting business faster, decrease claims leakage by interpreting data accurately, and delight policy holders by improving person-to-person engagement.
Following are milestones Roots Automation saw in 2024:
“We thank our valued customers and team for enabling these achievements in 2024,” said Chaz Perera, CEO and co-founder of Roots Automation. “Given the anticipated slowdown of premium growth across most insurance products, companies will need to focus on operational improvements that enable personalized experiences that delight customers to outcompete their peers. Roots’ technology empowers them to do that. We look forward to building on our achievements and to further demonstrate the critical impact insurance-specific AI will have on transforming the way insurance companies protect their policy holders.”
About Roots Automation
Roots Automation is a leading provider of AI-powered solutions for the insurance industry. The company’s Agentic AI platform enables insurers to transform their operations with unmatched accuracy and speed. Roots Automation’s pre-trained, insurance-specific AI, InsurGPT™, delivers rapid time-to-value, measured in weeks, not months. Used by three of the top five P&C carriers and three of the top ten brokers, Roots Automation enables brands to liberate their teams from complex workflows, allowing them to focus on what truly matters –delighting customers with superior service and care. For more information, visit www.rootsautomation.com.
Media Contacts
Market Street Group
Jessica Mularczyk
jessica@marketstreetgrp.com
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