Lemonade Home Insurance Review 2024 [Forbes]
J SAINSBURY PLC S/ADR (JSAIY)
NASDAQ:AMEX Investor Relations:
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Company Research
Source: Forbes
Some of the products promoted are from our affiliate partners from whom we receive compensation. Read More Pros Cons What is Lemonade? Lemonade is a US-based ‘insuretech' company that offers home insurance in the UK. It promises a different take on home insurance by exclusively using artificial intelligence (AI) and chatbots to handle claims. Lemonade also offers a different take on the usual insurance business model. Traditionally, insurers make their profit from the premiums they take in, minus the money they pay out in claims. It takes a flat fee from its premiums upfront instead, which accounts for its profits. It then donates whatever money may be left over (after paying out claims and expenses) to charities of its customers' choosing. The model has earned Lemonade ‘B Corp' status, which is comparable to a FairTrade label for businesses that are deemed to have a positive social impact. Lemonade was launched as a start-up in 2015 in New York and went on to attract
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