Tagged: lemonade

Insurtech Strategy: wefox Targets Brokers to Massively Reduce Acquisition Costs While ONE Provides Real Time Insurance

Insurtech is seeking to upend and address the shortcomings of a sector of finance that many love to hate. Insurance is a unique product you pay for that you hope you never have to use. And too frequently, when you do need to use an… Read More

Insurtech Lemonade Posts “Open Source Insurance Policy,” Seeks Feedback on Github

Lemonade, an emerging Insurtech firm that is attempting to address the pain points of traditional insurance by applying technology and user friendly practices, has published an “Open Source” insurance policy – most certainly a world’s first. The Policy is posted on Github and is open… Read More

P2P Employment Marketplace bitJob Announces New Partnership With Insurtech Lemonade

bitJob, a blockchain-based peer-to-peer employment marketplace for students, is announcing today its collaboration with insurtech startup, Lemonade, The duo reported that the insurance API that Lemonade has developed will be integrated into the bitJob marketplace, and will allow students that are already homeowners to receive customized rates for… Read More

Is Amazon Getting into Insurance? Insurtech Firm Lemonade says Amazon is Poaching their Employees

Is Amazon getting into insurance? This is a rhetorical question with a definitive yes. The only outstanding question is when. In a recent Facebook post, prominent Insurtech firm Lemonade complained about Amazon poaching their employees. Shai Wininger, Lemonade co-founder and “Chief Lemonade Maker,” said he… Read More

The Top Ten Fintech Predictions for 2018

Last year, I boldly predicted 10 Fintech movements that will take place as Earth makes another perfect rotation around our Sun. It’s always fun to look back and see how wrong I was, so let’s stump the chump! Here are my original predictions. Let’s score… Read More

Insurtech Lemonade Raises $120 Million in Round led by SoftBank

Prominent Insurtech firm Lemonade is having a pleasant Holiday season following the announcement they have raised $120 million to fuel platform growth. The funding round was led by SoftBank, a group that has been highly active in the Fintech sector. Valuation was rumored to be… Read More

Insurtech Fail? S&P Report Says Profitability is Elusive for Three Prominent Startups

S&P Global Market Intelligence is out with a report questioning three emerging Insurtech platforms. The report states that profitability is elusive for these startups. Mentioning specifically Lemonade, Metromile, and Root Insurance, S&P says that each reported overall net losses in the second quarter, as incurred losses… Read More

Throwing Down the Gauntlet: Insurtech ONE Says it Will Outgrow Lemonade from the Start

ONE, the German Insurtech company, has thrown down the gauntlet claiming they will outgrow US based Lemonade in service growth.  Lemonade is one of the highest profile Insurtech platforms that is doggedly rolling out across the US. Starting first with homeowners / renters insurance, Lemonade… Read More

Lemonade Now Available in the Garden State as New Jersey Residents May Get Homeowner Insurance from Insurtech Firm

Insurtech company Lemonade is now available for residents of New Jersey. Homeowners and renters may purchase insurance in seconds at Lemonade.com, or through the Lemonade app. New Jersey is the fourth state in Lemonade’s nationwide roll out.  The Garden State joins New York, California, and… Read More

Insurtech Firm Lemonade Reports it Has Donated 10% of Revenue with its Giveback Plan

  Lemonade has announced the results of the company’s annual Giveback program, where a portion of the underwriting profits go to nonprofits. The Insurtech firm shares that the program has funded 14 charities chosen by Lemonade policyholders. Lemonade Insurance Company is a licensed insurance carrier offering… Read More

Lemonade Publishes Survey Results that Indicate their Platform Tops Legacy Insurers Among First Time Buyers

Lemonade, an insurance company powered by artificial intelligence, has published survey results indicating it has overtaken Allstate, GEICO, Farmers, Liberty Mutual, Progressive, State Farm, USAA and all other legacy insurers amongst first-time buyers of renters insurance in New York state.  According to Lemonade, the first… Read More

Lemonade Updates on Platform Growth. Adds 14,300 Customers in 8 Months

Insurtech platform Lemonade has posted an update on platform growth. According to their information, they now have over 14,315 customers after 8 months of offering home-owners insurance. Lemonade is in the process of rolling out to much of the US (they must receive approval in… Read More

Insurtech Startup Lemonade Now Available in California

Lemonade, a new spin on providing insurance, has announced it has received regulatory approval in California and is now available for homeowners to purchase insurance online. The Insurtech firm is now operating in three states including New York and Illinois. Lemonade said that launching in… Read More

Lemonade Adds Illinois to List of States Where it Provides Insurance

Insurtech firm Lemonade has moved into the midwest by adding Illinois to the list of the states where it may offer insurance. Adding Illinois comes six months after launching in New York state by receiving regulatory approval to offer insurance. Lemonade is an insurance company… Read More

Zopa, Funding Circle UK, Lemonade Among Winners of the 2017 LendIt Awards

LendIt, the global lending and fintech conference series, held its first annual awards on Tuesday in New York City. As previously reported, The organization stated out of hundreds of applicants worldwide; the selected finalists were placed in 18 categories, which notably celebrate fintech market leaders, emerging… Read More

Insurtech Firm Lemonade Continues Transparency Push with Growth Update

Lemonade, the Insurtech firm that wants to bulldoze insurance as we know it, has published their 3rd and final in a series about platform growth and transparency. Chief Behavioral Officer Dan Ariely, the author of the update, recognizes that 100 days of data isn’t really that… Read More

Insurtech Platform Lemonade Updates on First Quarter of Operations

Lemonade, the Insurtech company that wants to be your preferred insurance provider, has just published a report on their first quarter of operations. Note that Lemonade is only operating in the state of New York right now but they have plans to expand across the… Read More

Insurtech Startup Lemonade Touts Ability to Pay Claim in 3 Seconds

Disruptive insurance platform Lemonade is pointing to its ability to pay customer claims really fast. How fast – you ask? Lemonade has staked a claim on a “new world record” as its artificial intelligence allowed the Insurtech firm the ability to pay a claim in… Read More

Crowdfunding & Fintech Predictions for 2017

Last year due to time constraints I was unable to publish my list of Crowdfunding/Fintech predictions for 2016. This year I am back once again, for better or worse, peering deep into my crystal ball with a list of prognostications for the coming year. The… Read More