Lemonade Announces Global Expansion Plans

By Lemonade

The insurtech giant Lemonade has announced its plans to expand into Europe with a goal to disrupt the insurance market. The home and renters insurance New York-based start-up has taken the US by storm since its founding in 2015. The firm uses the latest insurance technology, artificial intelligence (AI) and chatbots to “reverse the traditional insurance model” and tailor competitively priced insurance products for homeowners and renters, according to Insurance Business.

The news was released late November via a blog post from Lemonade’s CEO and co-founder, Daniel Schreiber, commenting on its intentions to break through its first major market outside of the US.

Read the full press release from the blog here.

29 Nov 2018

Tagged in: disruption, innovation, insurtech, startup

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