It was always inevitable. Lemonade, one of the most talked about InsurTechs, launching in Europe. I asked Daniel about this back on Episode 11 of InsurTech Insider and the answer was, “we’ll be looking when we are ready”.
They already have European investment from the likes of AXA XL and Allianz, so regardless, it’s a win/win for these carriers as well, of course, Softbank.
It’s often quoted - 'your margin is my opportunity' and clearly Daniel and the team firmly believe there is both here!
This on the back of a report from consumer intelligence that bills have dropped by 0.4%, but premiums rising by 1.2% in the last 3 months on the claims of last winter. So as always, the UK remains a highly competitive market.
Best of luck guys and look forward to seeing you here! A great big welcome!
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.