Lemonade co-founder and CEO, Daniel Schreiber, explores the dilemma of incumbent insurers and discuss how Lemonade leveraged behavioral economic principles and tech to reach a new equilibrium placing ‘unclaimed money’ beyond our reach and removing the temptation to make money by denying claims.
In recent years, supremacy in statistics has moved to Silicon Valley – a bad omen for the insurance establishment. True, insurers still have some of the finest human statisticians, but the finest statisticians of all are no longer human. That’s where artificial intelligence comes in.
Social impact is built into the Lemonade insurance model. Here’s an explanation of how it works and a list of charities supported by the Lemonade Giveback.
Here’s how to create habits that will reduce your plastic usage, and improve the planet for generations to come