Business
Root Insurance Announces Commitment to Embedded Partnerships with Support for Dreyer & Reinbold Racing Indianapolis 500 Team featuring Driver Ryan Hunter-Reay
The insurtech will be the primary partner for the No. 23 Chevrolet for the 107th Indy 500 this Sunday, May 28th COLUMBUS, Ohio, May 25, 2023 (GLOBE NEWSWIRE)
About this update from Root, Inc.
[{"type":"text","content":"The insurtech will be the primary partner for the No. 23 Chevrolet for the 107th Indy 500 this Sunday, May 28th\nCOLUMBUS, Ohio, May 25, 2023 (GLOBE NEWSWIRE) -- Root, Inc. (NASDAQ: ROOT), the parent company of Root Insurance Company, is proud to announce its partnership with Dreyer & Reinbold Racing (DRR) for the 107th edition of the Indianapolis 500. Root will serve as the primary partner for the No. 23 DRR Chevrolet-powered car driven by Ryan Hunter-Reay in the legendary 500-mile race, scheduled to take place on Sunday, May 28th, at the historic Indianapolis Motor Speedway. Root Insurance, known for its data-driven approach to car insurance, offers customers rates based primarily on their driving behavior. By utilizing advanced technology and providing a user-friendly app, Root delivers a seamless and customer-centric experience. The team's collaboration with DRR and its entry into this prestigious event is a testament to the company's dedication to forging meaningful partnerships in the automotive industry. “We’re thrilled to be partnering with Dreyer & Reinbold Racing to showcase Root at the Indianapolis 500,” said SVP of Business Development, Jason Shapiro. “In coming to Root, I knew the power of the connectivity within the automotive community and rushed to jump on the opportunity to work with DRR and have Ryan at the wheel. This partnership marks an important milestone for Root as we reinforce our commitment to developing more partnerships in the embedded space.” Ryan Hunter-Reay won the Indy 500 in 2014, the IndyCar Series Championship in 2012, and is a two time ESPY-Award winner (2013 & 2014) for the “Best Driver” in the world overall. Dreyer & Reinbold Racing also has an impressive legacy at the Indianapolis Motor Speedway having qualified 48 Indy 500 entries since 2000. The team returns to the “Brickyard” for the 24th consecutive year and is coming off back-to-back top 10 finishes in 2021 and 2022. \"We are extremely excited to team up with Root and Indy 500 champion Ryan Hunter-Reay for this year's 500 Mile Race,” says Dennis Reinbold, DRR team owner. “We believe we have prepared outstanding cars for the 2023 Indy 500 and are eager to see Root in the winner's circle at the iconic Indianapolis Motor Speedway.” The 107th edition of the Indianapolis 500, renowned as the \"Greatest Spectacle in Racing,\" will take place...