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Insurance Company, Lemonade, Highlights First Quarter in Market
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Insurance Company, Lemonade, Highlights First Quarter in Market

Insurance Company, Lemonade, Highlights First Quarter in Market

Fintech Nexus Staff·
FintechNews Roundup
·Jan. 23, 2017·1 min read

Lemonade provides part two of its 2016 Transparency Chronicles with statistics on its first quarter in the market; notes some positives and negatives including confusion around marketing the firm as a peer-to-peer insurance provider; says they are an artificial intelligence and behavioral economics company or a tech company doing insurance; highlights from the first quarter include: average homeowners and renters premiums of $165.5; 123 homeowners policies; 63% of customers 25 to 34 years old; males accounting for the majority of customers at 76.5%; a claim managed in three seconds by artificial intelligence.  Source

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