Bram Kanstein (@bramk)

Lemonade - Forget everything you know about insurance

Lemonade Insurance Company is a licensed insurance carrier, offering homeowners and renters insurance powered by artificial intelligence and behavioral economics.

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Ouriel Ohayon
looks promising.
gil sadis
Olivier Amar
It's hard to look at insurance and get excited, and then Lemonade launches and you say, what? How's that possible? Awesome job guys :-)
gil sadis
@olivier_amar thanks for your support! Glad you liked it :)
W. J. Braddick
Take a bow Lemonade team :-) Would love to see this in London. Maybe change the P2P pitch, makes your service sound unstable by giving the impression that my claim is dependant on another/other user(s).
Daniel Schreiber
@wjbraddick thanks, great feedback
Shai Wininger
@wjbraddick Thanks man!
Jamie Gordon
Is this only USA based and not for anyone in UK or Europe?
Daniel Schreiber
@jamie_ross for now, yes
gil sadis
@jamie_ross currently, it's US only. UK and other countries are on our roadmap. Stay tuned :)
Jonathan Friedman
It shows that you've given this a lot of thought and made an offering that is vastly different from what currently exists and is also congruent with your mission. Very inspiring to see this created as a founder. Good luck!
gil sadis
@basez99 thanks for your support!
Danny Richman
Love the idea. Will be interesting to see how well this works in practise. The model seems to be highly reliant on people not making fraudulent claims because that money would then be taken away from a cause they care about. a) Will people really care more about the cause than about their own pocket? If so, why not just make a direct donation to that cause? b) Might users designate a cause that they don't really care about to avoid any feelings of guilt when over-claiming? c) What happens if the level of claims exceeds the amount going to the designated cause? How will those claims be paid? I'm sure that Dan has considered these questions but would be great to know how they have been addressed.
Daniel Schreiber
@dannyrichman Danny, great questions! We're under no illusion that we will eliminate fraud entirely. Our hope is that by reducing conflicts, aligning interests and introducing social impact, we'll be able to move the needle in a meaningful way. That would already allow us to remove the presumption of guilt and much of the hassle. In terms of question (C), we have reserves and great reinsurance partners (Lloyd's of London) to ensure there's enough money. That's how we got our A-Exceptional rating.
David Paluy
@gilsadis, @shai_wininger and the team Awesome product! Good Luck!
gil sadis
Or Arbel
Somehow the front of my apartment building is in the background of the app. My building is famous 😉
yael wissner-levy
@orarbel Look at that! #Win
Dillon Carter
Very interesting. Seems like a great product for after I graduate lol.
yael wissner-levy
@dillon_carter We're ready for ya!
dσnѕєnѕє 1
Bring this to Florida
yael wissner-levy
@donsense1 We hear ya! Stay tuned
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