Shares of Lemonade, an insurance startup, soared more than 102% in its Thursday market debut.
Shares of Lemonade, an digital insurance company, soared more than 100% in its Thursday market debut.Lemonade offers insurance to renters and homeowners with the use of artificial intelligence and chatbots.
Daniel Schreiber, co-founder and chief executive of Lemonade, speaks onstage during TechCrunch Disrupt NY 2017., an online insurance company, soared more than 110% in its Thursday market debut.Lemonade, launched in 2016, offers insurance to renters and homeowners with the use of artificial intelligence and chatbots, allowing the company to speed up the process.
Customers are guided by a chatbot through the application process in under a minute, and claims get paid that quickly as well. It charges renters a monthly subscription rate of $5 and homeowners a monthly rate of $25.
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