Remember Lemonade?

The NYC-based startup that raised $13 million to disrupt P&C insurance via a Peer-to-Peer model is defining its market – “Buffett’s margin is Lemonade’s opportunity”. P2P models certainly enjoy a lot of mind share but can they enjoy a sustainable market share?

Financials

Lemonade ends Q3 with $68 million loss

By Avi Ben-Hutta ·

In-force premium reached $889 million.

Product

APIC seeks 45% rate increase in California

By Shefi Ben-Hutta ·

The proposed rate adjustment would increase total written premiums by $31.4 million.

Strategy

Toyota Insurance partners with Lemonade

By Shefi Ben-Hutta ·

Toyota aims to cross-sell home and renters insurance.

Financials

Lemonade ends Q2 with $57 million loss

By Avi Ben-Hutta ·

Premium per customer stood at $387, 8% higher compared to Q2 2023.

Remember Lemonade?

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Lemonade ends Q3 with $68 million loss

APIC seeks 45% rate increase in California

Toyota Insurance partners with Lemonade

Lemonade ends Q2 with $57 million loss