Lemonade - Online Insurance Provider Impresses with Rapid Customer Growth!
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Business Driver: Lemonade (LMND) is one of the fastest-growing providers in the online insurance sector in the USA. In recent years, it has consistently expanded its offerings and now provides not only home and renters insurance but also pet insurance and, thanks to the acquisition of Metromile, online car insurance. By utilizing AI applications, Lemonade optimizes its operational processes, particularly in claims handling, which also positively impacts its cost structure. Consequently, Lemonade is able to offer significantly lower rates compared...
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