Hyundai Capital America and Root Inc. Announce Partnership to Drive Innovation in Auto Finance and Insurance Industries

Core Insights - Root, Inc. and Hyundai Capital America (HCA) have formed a strategic partnership aimed at enhancing customer experiences in the auto finance and insurance sectors [1][2][4] - The collaboration will leverage HCA's auto finance leadership and Root's mobile technology expertise to create tailored, technology-driven insurance solutions [2][3] Company Overview - Root, Inc. is a technology company focused on revolutionizing insurance through data science, with over 15 million app downloads and more than 30 billion miles of driving data collected [6] - Hyundai Capital America is a major player in the U.S. auto finance market, serving over 2.7 million customers and more than 1,800 dealers [5] Partnership Goals - The partnership aims to deliver data-driven, competitive insurance rates to HCA customers, enhancing the overall vehicle ownership experience [3][4] - Both companies share a vision of utilizing technology and data to redefine car insurance and improve customer satisfaction [4]