Pittsburgh-based Koop Technologies, a startup that's looking to provide insurance and related services for the growing autonomous industry, announced it hired Andrew Roth to serve as its new director of insurance.
Roth joins the startup — one of ten named by Pittsburgh Inno as a Startup to Watch in 2022 — with nearly two decades of experience in the commercial casualty underwriting, which has included posts at Munich Re, AIG, and The Hartford, among others.
"Very excited to have joined this incredible team," Roth shared in a LinkedIn post. "This is an amazing area of risk to be involved in — I believe in this industry's potential — and am eager to figure out what's possible."
His tasks will involve helping Koop develop its various insurance offerings in the months and years to come. He has a bachelor's of arts degree from the University of Iowa.
Koop is betting on a future where autonomous systems remove humans from the risk calculation that insurance providers use for their policy offerings. It's a future that Koop sees itself providing insurance for as it relates to businesses using autonomous services like those of self-driving vehicle fleets, robots on factory floors and even systems that have yet to be envisioned.
Jim Duan, Zak Gazizov, Kamron Khodjaev and Sergey Litvinenko founded the company in 2020. Koop has raised $2.5 million in seed funding from several Silicon Valley venture capital firms, including Ubiquity Ventures, Bee Partners, Sure Ventures and WestWave Capital. It’s hoping to use the funding for the build-out of its product and intellectual property as well as for the hiring of more employees.
