Tagged: lemonade

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

Lemonade Will Open the Kimono on Insurtech Operations

Insurtech company Lemonade has decided to do a “full frontal” and open the Kimono on their operations. The growing Insurtech startup said they were going to overcompensate on their mission to transform insurance from a necessary evil into a social good.  If there is one… 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

Lemonade to Expand into 46 States as Insurtech Company Gears Up to Challenge National Insurance Companies

Insurtech firm Lemonade launched in September as a “full stack insurance carrier” in the state of New York. Today, Lemonade is preparing to offer insurance to 97% of US citizens by filing for licenses in 46 states and the District of Columbia to offer homeowners/renters insurance…. Read More

Insurtech Company Lemonade Raises $34 Million. California Next on the List to Offer Insurance

Insurtech company Lemonade has closed a $34 million Series B funding round. The investment was led by General Catalyst and included the participation of GV (aka Google Ventures), Tusk Ventures and Thrive Capital. Existing investors Aleph, Sequoia, and XL Innovate also participated in the round…. Read More

InsurTech will be the Next Big Thing

The insurance industry is a sector of finance that is begging for disruption. In the Fintech arena, Insurtech is poised to be huge. The US Treasury Department published a study of insurance in September that pegged total assets for insurance at over $8 trillion. In… Read More

Lemonade Shares Initial Platform Statistics for First 48 Hours

The company that wants to fix everything that is wrong about  traditional insurance, Lemonade, has only recently launched. The Fintech / Insurtech platform, which has been anticipated for many months now, finally announced its availability in the state of New York at the end of… Read More

Fintech Firm Lemonade Launches to Challenge Established Insurance Firms

The much anticipated Fintech firm Lemonade has officially launched in the state of New York. Lemonade has positioned its platform in a David vs. Goliath battle to challenge antediluvian insurance incumbents by providing a far better service at a superior price. Lemonade has been licensed… Read More

P2P Insurance Provider Lemonade Receives Provisional B-Corp Certifcation

The company that wants to upend the insurance industry, Lemonade, has announced its Board of Directors and shareholders has approved a decision to become a Certified B-Corporation. These for-profit companies are certified by the non-profit B Lab and must meet high standards of social and… Read More