[Lemonade in VentureBeat] Get ahead of veterinary expenses in 2021 with pet insurance from Lemonade

The love and joy that come with adopting a pet make all the work involved well worth it. When you wake up at 5 am to walk your dog or scrape out the bottom of your cat’s litterbox, it’s all for the rewards of the cuddles, snuggles and companionship they give you in return. Taking care of your pet’s health while balancing your finances, however, can be a bit trickier.

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[Lemonade in VentureBeat] Lemonade is streamlined home and renters insurance with no agents and none of the headaches.

When you call a major company to ask a question or complain, there’s going to be a moment as you navigate menu after menu of automated options that you just wish you could talk to an actual, living, breathing human instead. It’s a natural instinct to think that the human will always understand us better and better serve our needs than a programmed piece of tech.

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[Lemonade in TechCrunch] How will investors value MetroMile and Oscar Health?

In the wake of last year’s debuts by neoinsurance companies Lemonade and Root, it’s not surprising to see others test the public markets. For example, Oscar Health recently announced its intention to go public via a traditional IPO. How the new entrants will fare, however, is not clear.

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[Lemonade in Yahoo Finance] How Lemonade Is Disrupting The Insurance Industry

When it went public July 2, Lemonade Inc. (NYSE: LMND) disrupted the traditional insurance model by offering its customers complete transparency and more control over their insurance policies.

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[Lemonade in The Motley Fool] Here’s Why Lemonade Is My Top Stock for 2021

Insurance technology stock Lemonade (NYSE:LMND) went public in summer 2020, and is already trading for about five times its IPO price. However, even with such massive gains, there could still be plenty of room for Lemonade to grow its share of the $ 5 trillion insurance industry.

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[Lemonade in Yahoo Finance] Lemonade Shakes Up The Normally Dreary Insurance Game With A Twist

Founded in 2015, the fintech company aims to leverage artificial intelligence and Big Data to digitize rental, homeowner and pet health insurance.

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Lemonade launches its renters insurance in France

Lemonade is launching its renters insurance in France. This is the company’s third European launch after the Netherlands and Germany. Originally from the U.S., Lemonade is now a public company with a current market capitalization close to $ 4 billion.

Lemonade will compete directly with a local competitor called Luko. Both companies share a lot of similarities. But Luko has already attracted 100,000 customers and just raised $ 60 million.

https://techcrunch.com/2020/12/06/luko-raises-60-million-for-its-home-insurance-products/

Lemonade has optimized its insurance product in different ways. First, it’s supposed to be easier to sign up with Lemonade compared with a legacy insurance company. Second, the company wants to bring back trust by taking a flat fee for its operations.

Premiums are then pooled together and used to pay back claims. If there’s money left at the end of the year, customers can choose to donate to nonprofits. Lemonade is also a certified B-Corp.

But it’s worth noting that other insurance companies try to position themselves as socially responsible, such as MAIF. Insurtech companies aren’t reinventing the wheel on this front.

Third, Lemonade tries to pay you back as quickly as possible after you file a claim.

Chances are you don’t think that much about renters insurance. But it’s a lucrative industry. For instance, home insurance is a legal requirement in France. Due to tenant turnover, there are many opportunities to jump in and convince customers to switch to Lemonade when people move to a new place.

Let’s see how the fight between Lemonade and Luko plays out in France.

Startups – TechCrunch

[Lemonade in INC] 3 Ways to Manage Risk During Uncertain Times

Lemonade, a provider of homeowners and renters insurance, has adopted a similar peer-to-peer model. Standard insurers make money by maximizing premiums and seeking to minimize payouts. In contrast, Lemonade’s policyholders essentially insure each other. 

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[Lemonade in Business Insider] Lemonade CEO Daniel Schreiber explains how Lemonade differs from traditional insurance companies

Yael Wissner-Levy, vice president of communications at Lemonade Insurance, tells Business Insider that renters insurance covers three instances:

Watch it here.

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