Lemonade

Lemonade Says AI Improved Insurance Loss Ratio
Lemonade Says AI Improved Insurance Loss Ratio
February 28, 2024  |  Artificial Intelligence

Digital insurance platform Lemonade said artificial intelligence helped it improve its loss ratio. The figure, the ratio of losses to premiums earned, improved by 12...

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Platforms Gain Momentum Ahead of Earnings, Propel FinTech IPO Index 2.2% Higher
Platforms Gain Momentum Ahead of Earnings, Propel FinTech IPO Index 2.2% Higher
January 26, 2024  |  Fintech Investments

It’s the end of January almost, and through the next few weeks, FinTechs will weigh in with everything from loan performance metrics to profits (where...

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Lemonade Co-CEOs to Resume Previous Positions, Seeking Clarity of Structure
Lemonade Co-CEOs to Resume Previous Positions, Seeking Clarity of Structure
December 20, 2023  |  Personnel

The co-CEOs of digital insurance company Lemonade will return to their previously held positions on Jan. 1. Shai Wininger will return to the position of president, while Daniel Schreiber will...

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FinTechs Grapple With Regulation Amid Pursuit of Profits
FinTechs Grapple With Regulation Amid Pursuit of Profits
December 05, 2023  |  Data

For almost all FinTechs — and especially for publicly traded firms — it has been a bumpy ride these past few years. Stock prices have...

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Progressive Takes Lead in Latest Provider Ranking of Insurance Apps
Progressive Takes Lead in Latest Provider Ranking of Insurance Apps
November 27, 2023  |  Insurance

Progressive and State Farm tied for No. 1 in last month’s edition of PYMNTS Provider Ranking of Insurance apps, but Progressive stands alone in the...

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FinTech IPO Index Loses 1.8% as Oportun Plunges, Earnings Roll In
FinTech IPO Index Loses 1.8% as Oportun Plunges, Earnings Roll In
November 10, 2023  |  Fintech Investments

The earnings deluge is what moved names this past week — and for the FinTech IPO Index, the movement was mostly to the downside. The...

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Lemonade Sees Path to Profitability and Reaches 2 Million Customers
Lemonade Sees Path to Profitability and Reaches 2 Million Customers
November 08, 2023  |  Insurance

Digital insurance company Lemonade says its platform now has 2 million customers. The company announced that milestone in a news release Wednesday (Nov. 8) as it reported its...

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InsurTech Downturn Proves Promise of Disruption Is Sometimes Derailed
InsurTech Downturn Proves Promise of Disruption Is Sometimes Derailed
September 15, 2023  |  Insurance

FinTech platforms promise to disrupt entire verticals, bringing ease and speed to sectors that have traditionally been marked by complexity and paper-based interactions. And yet...

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FinTech IPO Index Plunges 6.6% as Upstart and Nuvei Earnings Weigh on Shares
FinTech IPO Index Plunges 6.6% as Upstart and Nuvei Earnings Weigh on Shares
August 11, 2023  |  Fintech Investments

Seemingly everywhere you looked this past week, earnings were the sole arbiter of how stocks performed. And no matter the earnings, almost across the board,...

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