Why is Lemonade insurance so cheap?

Why is Lemonade insurance so cheap?

Why is Lemonade home insurance so cheap? Lemonade Insurance offers low prices potentially because of the structure of its platform. Groups of customers pool their premiums into one collective pot that is drawn from when a claim needs to be paid out.

Who is Lemonade insurance underwritten by?

techUnderwriting at Lemonade Powered by tech, Lemonade is able to collect about 100x more data-points per customer than traditional insurers (whether online or through the app).

Who owns Lemonade?

Shai WiningerShai Wininger is the President, CTO, & Co-Founder at Lemonade (NYSE: LMND), a newly licensed insurance company, starting with homeowners and renters in New York. Shai is a veteran tech entrepreneur and inventor, who most recently cofounded Lemonade, the world’s first peer to peer insurance company.