Breaking News
Lemonade Surpasses 2 Million Active Customers
Lemonade (NYSE: LMND), the digital insurance company powered by AI and social impact, has announced the welcoming of its two millionth customer. The pace to achieve the second million customers was 35% faster than the first million, which was achieved in late 2020, while premium per customer increased approximately 70% over the same period. More notably, net operating loss, as compared to gross earned premium, roughly halved over the same period. Taken together, these improvements are a testament to Lemonade’s structural technological advantage and overall scalability.
A few highlights achieved as Lemonade scaled from 1 to 2 million customers:
- Lemonade Car launched with telematics-enabled auto insurance in the United States and continues rolling out across the country
- Lemonade expanded across the pond, offering contents insurance in the UK in addition to other markets in Europe
- Metromile joined the family as the company’s first acquisition
- The Company continued its work with AI, implementing large language models trained to interact with customers, creating a seamless and delightful experience along the way and so much more…
“Reaching two million customers around the world is an exciting milestone, and one we achieved much faster than our first million and with significant expansions, of both product and geography, along the way,” said Shai Wininger, cofounder and co-CEO of Lemonade. “We’ve doubled our customers while increasing our premium by 3.5x. This is indicative of the strong progression of the business in recent years, and outlines a clear path to profitability.”
More information about Lemonade’s business and progress can be found in the Q3 2023 Shareholder Letter and statutory financial statement.
People In This Post
Companies In This Post
- Business Show Media, Organizer of the World’s Largest Business Events, Reimagines the White Label World Expo for an Exciting New Era Read more
- The Finalists Announced for the 2025 FF Awards Read more
- How the New Generation of Digital Wallets Will Upend Fintech Read more
- EXCLUSIVE: “‘Shadow Boxing'” – Rajul Sood, Acuity Knowledge Partners in ‘The Fintech Magazine’ Read more
- Vennre Builds Wealth Tech Platform Read more
OpenDialog and Durell Announce Strategic Partnership to Bring AI-Powered Quote Journeys to Insurance E-trade
OpenDialog, the AI Agent platform built to transform customer journeys in insurance, today announced a strategic partnership with Durell, an established provider in the insurance software market.
Nearmap and Zurich Advance Property Underwriting with AI Integration
Zurich North America has partnered with Nearmap to integrate AI-powered property intelligence and high-resolution aerial imagery directly into its U.S. Middle Market underwriting systems. The collaboration is designed to help Zurich underwriters assess risk more efficiently and tailor coverage with greater precision.
Quandri Unveils AI-Powered Requoting in the US, Revolutionizing Personal Lines Insurance Renewals
Quandri, the AI platform modernizing servicing work for insurance agencies, has announced the U.S. launch of its new Requoting capability.
EIS Unveils Eis OneSuite™ Powered by CoreGentic™, Embedding AI, Agentic Orchestration, and Natural Language at the Heart of Insurance
EIS, a leading cloud-native core platform provider to the insurance industry, today announced EIS OneSuite™ powered by CoreGentic™, a major expansion of its flagship platform, OneSuite.
Asia Insurance Has Launched With CoverGo To Enable End-to-End Health Insurance Digital Experience
Asia Insurance, one of the leading general insurers in Hong Kong and Macau, has officially gone live withCoverGo’s next-gen, end-to-end health insurance platform, to power a fully digital, end-to-end health insurance journey for its customers, distribution partners, and internal teams.
Sixfold Launches Referral Agent: Turning AI Insights Into Instant Underwriting Action
Sixfold, the underwriting AI company, today announces that it has expanded its P&C platform with Referral Agent – a major step toward AI that doesn’t just deliver insights but acts on them. Referral Agent flags cases for referral and builds a ready-to-send package in one click, setting the stage for more action-oriented capabilities across underwriting.
One Inc Expands Life Insurance Payments Ecosystem Through Partnership with Equisoft
One Inc, the leading payments network for the insurance industry, today announced a partnership with Equisoft, a global provider of advanced digital solutions for the financial services industry. The collaboration brings together One Inc’s PremiumPay® platform and Equisoft’s industry-leading life insurance policy administration solutions to deliver a frictionless, modern premium payment experience for insurers and their policyholders.
Business Show Media, Organizer of the World’s Largest Business Events, Reimagines the White Label World Expo for an Exciting New Era
Business Show Media, the award-winning powerhouse behind the world’s most influential business events, has officially acquired the White Label World Expo, with a vision to transform it into an unmissable global platform for innovation, partnerships, and growth.
The Finalists Announced for the 2025 FF Awards
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
How the New Generation of Digital Wallets Will Upend Fintech
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
EXCLUSIVE: “‘Shadow Boxing'” – Rajul Sood, Acuity Knowledge Partners in ‘The Fintech Magazine’
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Vennre Builds Wealth Tech Platform
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
The Evolving Role of Payment Orchestration in E-Commerce
As global e-commerce continues to surge, the need for seamless, intelligent, and flexible payment infrastructure has never been greater. With online shopping reshaping retail and customer expectations rising, merchants are increasingly investing in technologies that optimise payment flows, reduce friction, and maximise conversion rates.
OpenPayd Appoints Yasemin Swanson as Chief Operations Officer
OpenPayd, a leading provider of financial infrastructure, today announced the appointment of Yasemin Swanson as its Chief Operations Officer. Swanson joins from ClearBank, where she was Chief Business Officer.