Reported 4 days ago
In a recent interview, Lemonade CEO Daniel Schreiber highlighted the insurance industry's response to increasing threats from natural disasters such as Hurricanes Helene and Milton, which resulted in insured losses estimated between $35-55 billion. He emphasized how these events have prompted Lemonade to enhance customer claim processing while strategically managing its exposure to catastrophic risks, achieving a gross loss ratio of 73%. Schreiber also noted the company's success in growing its customer base and improving conversion rates amid these challenges.
Source: YAHOO