Lemonade is making good on its promise to expand into Europe, with news that it is now open for business in Germany. The New York-based startup said it has. Lemonade, the insurance company built around artificial intelligence and behavioral economics, announced the signing of a $ million Series D funding round led by SoftBank Group with participation from Allianz, General Catalyst, GV (formerly known as Google Ventures), OurCrowd.
Lemonade touts its launch in Germany as being an insurance industry first, through the marketing of Policythe name for its new insurance.
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Digital Insurer Lemonade Says No License Needed by Adopters of Its API Sales Platform
Thank you! Please tell us what we can do to improve this article. Lemonade said the documentation on its developer web site provides rules and guidance in keeping with its approach of not paying commissions.
Another likened it to simply advertising on the site. It will file in each of those states once the waiting time requirements have been met.
Video: Lemonade insurance journal The Future of Insurance - Lemonade @ DIA Munich 2017
US-based insurtech startup Lemonade has officially made landfall in Europe; the insurtech launched in Germany yesterday. Lemonade, one of the biggest among a wave of digital insurance companies, is to enter the German market in its first move outside the US.
The peer-to-peer insurer that is focused on renters and homeowners insurance is pursuing the broader regulatory approval strategy after starting small.
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Lemonade says it is taking measures to assure the adopters are not selling insurance and that they are not receiving commissions if they are unlicensed. It will file in each of those states once the waiting time requirements have been met.