daniel-schreiber-co-founder-and-ceo-lemonade-2-
Daniel Schreiber, co-founder and CEO of Lemonade
8 December 2020Insurance

Insurtech Lemonade forays into French market — its third European country

Artificial intelligence-powered insurtech company Lemonade has entered its third European country following its  launch in the Netherlands earlier this year and  Germany in 2019.

Lemonade, one of the best-funded insurtech startups, has now expanded into France, offering products crafted specifically for the French market where home insurance is often obligatory for renting or having a mortgage on a property.

The company launched its homeowners and renters insurance in New York in late 2016, and went public in July 2020. Lemonade is licensed and supervised by the Dutch Central Bank (DNB), and has its European headquarters in Amsterdam.

Similar to the German and Dutch products, the French product is also based on the company’s new Policy 2.0, a "short, easy-to-understand, and transparent" document that it says is designed for ordinary people and not only for lawyers.

Daniel Schreiber, Lemonade CEO and co-founder, said: “Home insurance is often legally required in France, which makes it a compelling opportunity for Lemonade’s next European country launch.

“While the French insurance market is one of the most developed globally, we believe that Lemonade’s unique mix of value, values, and technology will stand out to the French consumer, offering the ability to get fast, personalized, and mission-driven insurance, with a few taps.”

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
12 June 2019   AI-powered insurtech company Lemonade has entered the European market with the launch of its contents and liability insurance product in Germany – its first major market outside of the US.
Insurance
2 April 2020   CEO Daniel Schreiber highlights new features such as bicycle theft coverage specially designed for the Dutch market.