Lemonade: How an Insurtech Pioneer is Disrupting the Insurance Industry

Lemonade is an insurtech company that automates policies and claims management using AI, providing benefits in terms of scalability and efficiency. The loss ratios have significantly improved and are now closer to the industry average. This marks an important turning point in underwriting performance. A young customer base and efficient processes create a growth flywheel that improves risk modeling, reduces costs, and accelerates growth. The ten largest insurance companies in the USA were all founded nearly a century ago. The insurance...