The ‘meme stock’ phenomenon that began in January when the share price of American video game retailer Gamestop was sent soaring by non-professional investors corralling on internet forum Reddit has reached the world of insurance.
Jen Frost reflects on a staggering self-engineered series of events that saw insurtech Lemonade have to deny using outdated and disproven phrenology in its artificial intelligence claims system.
Lemonade has denied that its website has a vulnerability that could enable people to enter and edit its users’ accounts without providing credentials, as alleged by an activist short seller.
The former head of insurance for EMEA at Uber, Russell Corbould-Warren, has swapped the ride share giant for insurtech Collective citing the growth of on-demand employment platforms as a key factor for his move.
Lloyd’s first algorithmically driven syndicate Ki began trading on 1/1 this year. Jonathan Swift caught up with its CEO Mark Allan to discuss early progress, its plans to integrate brokers on its platform with APIs and why it should not be simply…
Briefing: Keeping the Admiral ‘freight train’ on track - what lies ahead for CEO Milena Mondini de Focatiis
In Milena Mondini de Focatiis Admiral has its first CEO who was not involved with the launch of the business in 1993.
The coronavirus pandemic has hit people hard in a manner that the insurance industry can’t compute. Bundeep Singh Rangar, CEO of Premfina, looks at what lessons insurers can learn from the crisis.
No – it’s not a Harry Potter spell. This week the Financial Conduct Authority said it would whip out the ‘contra proferentem’ argument on behalf of policyholders in its business interruption test case against insurers.
Lemonade will seek to raise up to $100m (£78.5m) via an initial public offering, with its prospectus shedding snippets of insight into its past, present and future.
Insurtech Lemonade has made an application to go public on the New York Stock Exchange.
Briefing: Insurtech buys incumbent – is Hippo’s deal for Spinnaker a pointer to the future as unicorns spread their wings?
The news today that unicorn insurtech Hippo has entered into an agreement to acquire Spinnaker Insurance - subject to regulatory approval - certainly highlights the continued maturity of the sector.
Insurance Covid-Cast: Insurtech 100 special - Lemonade CEO Daniel Scheiber talks AI, European expansion and IPOs
The CEO and co-founder of Lemonade has declared young IPOs better for the long term viability of new technology businesses because it prevents them getting stuck in a state of ‘protracted adolescence,’ comforted by the ‘cocoon’ of private equity.
Partnering with insurtechs enables companies to accelerate their agendas, the top strategic challenge the insurance market is facing today. As companies adapt to the necessity of digital first, corporate start-up partnerships provide the opportunity for…
Research by Willis Towers Watson has revealed that $1.99bn (£1.52bn) of global investment into insurtechs in the final quarter of 2019 propelled the yearly total to a record $6.35bn, a leap of 52% on the previous year.
Hippo, Lemonade and Zego are just three of the start-ups that have been in the news recently. Matt Connolly, founder and CEO of Tällt Ventures, reflects on a what has been happening for the Insurtech 100 since the list was published in May.
I wasn’t surprised to see that Lemonade has reportedly shelved its plans for an initial public offering, amid troubles in investor Softbank’s portfolio.
Post news editor Jen Frost mulls general insurance appetite for innovation and, somewhat unintentionally, stumbles on Amanda Blanc as a common theme.
For an industry that strives to understand and manage risk, uncertainty is not something that is relished. But with some market hardening, a final report from the Financial Conduct Authority on pricing practices and the possibility of Brexit all on the…
US-based insurtech Lemonade has hired Jeff Brooks as chief marketing officer.
Amid rumblings in the tech sector and trouble at We Work, which could drive more insurtechs to seek a sale to incumbents, Lemonade has reportedly put its initial public offering on hold.
The insurance market seems stuck on the idea that digitisation and a move to app-based insurance products, will negatively impact brokers. Inzura CEO Richard Jelbert explains why they should be seen as an opportunity instead.
In a week that was dominated by personal injury fracas, the revelation that Thomas Cook self-insured against all but the “very largest” PI claims may well take the cake for biggest botch up.
Insurtech Lemonade is fighting an injunction by T Mobile parent company Deutsche Telekom over use of the colour magenta.