Lemonade

Lemonade | November 29, 2018

American insurtech giant Lemonade has announced its intentions to expand into Europe and disrupt insurance as Europeans know it. The New York-based home and renters insurance start-up has taken North America 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....

Lemonade | May 21, 2018

Technology-focused homeowners and renters insurer Lemonade Inc. has proposed an open source renters insurance policy that anyone can contribute to changing, even its rivals since Lemonade is not copyrighting it. The aim is to develop a policy that is written in language that policyholders can understand and one that allows the customer to easily change the coverage to what they want....

Lemonade | May 16, 2018

According to a news release, the policy is open to editing from the ‘wisdom of the crowd’, turning the traditional way of crafting an insurance policy on its head. Because the policy is open source, it’s not copyrighted, which means the community can edit it on Github and all of Lemonade’s competitors have access to it, too. The policy is also written in English and is intended for US renters, but the company plans to expand it to cover other lines, languages, and legal j...

Lemonade | June 13, 2018

The Lemonade brand has become synonymous with disruption in the insurance industry since the company’s start in 2015. In May, the AI-powered insurance platform turned heads again, this time with its launch of Policy 2.0, billed as the world’s first open source policy. In a post on the company’s website, Lemonade CEO and co-founder Daniel Schreiber underscored that the new policy is “simple, approachable, relevant, and digital.”...