Reported 2 days ago
Lemonade, a digital insurance provider, has shown remarkable growth since its IPO, boasting a 160% increase in stock value over the past year. Despite reporting net losses and a challenging loss ratio, the company's use of AI to enhance customer experience positions it advantageously against traditional insurers. With rising customer numbers and a goal for profitability by 2027, industry experts speculate that Lemonade could become a major player in the insurance market within the next five years.
Source: YAHOO