Lemonade - Online Insurer Benefits from Strong Customer Growth!
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Business Driver: Lemonade (LEM) is one of the leading providers of online insurance in the USA. In recent years, it has consistently expanded its offerings, now providing not only renters and homeowners insurance but also pet insurance and, thanks to the acquisition of Metromile, online auto insurance. By utilizing AI applications, Lemonade optimizes its operational processes, with AI being employed in claims processing, which positively impacts costs as well. Consequently, Lemonade is able to offer significantly lower rates compared to traditional...
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