The Race For Digital Insurance coverage Supremacy Simply Took A New Flip

Speak about timing. Final week, Lemonade revealed Lemonade Automobile, its entry into auto insurance coverage. This week, it introduced the acquisition of Metromile, one of many largest usage-based auto insurers on the earth. Insurance coverage know-how (insurtech) M&A has been sturdy, however admittedly, I didn’t count on to see a transaction like this so quickly. However I suppose I shouldn’t be stunned. In spite of everything, Lemonade is a extremely formidable digital insurer. Inside six years, it has gone from a startup to a international, publicly traded model with a market cap of almost $4 billion. Its product

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