Shares in New York-based insurer Lemonade are trading around $14 after it reported a second-quarter net loss of $67 million earlier this month. Two years ago, they were briefly above $180. The company went public at $29 in 2020.
Tag: Insurtech
Automated Weather Insurance Could Offer Help in an Increasingly Hot World
A startup wants to help the insurance industry be more responsive to volatile weather and the widespread damage it can cause.
Insurtechs Have Yet to Transform Insurance Pricing As Touted
A generation of startups promised to transform the insurance industry with new types of data and algorithms to more accurately assess risk and price policies nearly a decade ago. So far, this has not occurred.
JPMorgan and Barclays Back $4.5B Insurance Tech Giant Wefox
German digital insurer Wefox said Wednesday it raised $110 million of fresh funding from backers including JPMorgan and Barclays.
Global Insurtech Funding Rises by 37.6% in Q1 2023: Gallagher Re
According to Gallagher Re’s latest Global InsurTech Report, insurtech funding rebounded strongly in the first quarter of 2023, with global investments reaching $1.39 billion.
Digital Insurance Market Policygenius to Be Acquired by Eldridge’s Zinnia
Online insurance marketplace Policygenius has agreed to be acquired by fellow digital insurance platform Zinnia, to create a tech-focused platform covering the full insurance process.
Arch Insurance Buys Insurtech Thimble
Arch Insurance today announced it has acquired Thimble, a leading insurtech platform for small business customers and agents.
Altai Ventures Launches $50M Fund to invest in Insurtechs
Early-stage VC firm Altai Ventures has launched a $53mn investment fund that will target startups in the insurtech and fintech space.
Global Insurtech Funding Stable: Gallagher Re
Investment in the global insurtech-sector in Q3 2022 was $2.35 billion.
Lemonade Goes Abroad to the UK
Lemonade, an insurance company powered by artificial intelligence and social impact, has launched in the United Kingdom. Residents in the United Kingdom can now obtain Lemonade Contents insurance instantly, from anywhere, on any device, and file claims and receive payment in seconds. “We believe the millions of local renters will appreciate what Lemonade has to… Continue reading Lemonade Goes Abroad to the UK