{"id":6774,"date":"2019-06-13T15:03:03","date_gmt":"2019-06-13T15:03:03","guid":{"rendered":"https:\/\/fintech.global\/digitalinsurtechforum\/?p=6774"},"modified":"2019-06-13T15:03:03","modified_gmt":"2019-06-13T15:03:03","slug":"lemonade-launches-into-its-first-european-country","status":"publish","type":"post","link":"https:\/\/fintech.global\/digitalinsurtechforum\/lemonade-launches-into-its-first-european-country\/","title":{"rendered":"Lemonade launches into its first European country"},"content":{"rendered":"<p><strong>Online insurance company Lemonade has launched its services into Germany \u2013 the first European country it has released in.<\/strong><\/p>\n<p>German consumers can use Lemonade to access contents and liability insurance from any device, instantly. Claims filed through the app can also be paid off within seconds, it said.<\/p>\n<p>The launch was made in conjunction with a partnership with AXA Germany which connects the InsurTech with its market expertise and network. This deal is a multi-year reinsurance agreement to share insurance-related risk.<\/p>\n<p>New York-based Lemonade leverages AI and behavioural economics to supply better homeowner and renter\u2019s insurance. Its platform charges a flat fee which covers everything, and if after paying claims there is money left over, it is donated to a charity of the policyholder\u2019s choice.<\/p>\n<p>Consumers can take out renter\u2019s Insurance from as little as $5 each month and homeowners\u2019 insurance from $25 a month.<\/p>\n<p>Lemonade cofounder Shai Wininger said, \u201cWe chose Germany for our first international launch because it combines a very traditional insurance industry, with a very forward thinking, digital-first consumer.<\/p>\n<p>\u201cInsurance that is instant, transparent, affordable, and mission-driven has universal appeal, which is why we look forward to launching in many more countries in the months and years to come.\u201d<\/p>\n<p>This launch into Germany has come hot off the heels of its $300m Series D round which was led by SoftBank Group. The capital was raised to support its aim of expanded into the European market \u2013 plans are also set for new product lines.<\/p>\n<p>The company is licensed and supervised by the Dutch Central Bank (DNB), and has established its European headquarters in Amsterdam.<\/p>\n<p>Copyright \u00a9 2019 FinTech Global<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Online insurance company Lemonade has launched its services into Germany \u2013 the first European country it has released in. German consumers can use Lemonade to access contents and liability insurance from any device, instantly. Claims filed through the app can also be paid off within seconds, it said. The launch was made in conjunction with&#8230; <\/p>\n<div class=\"clear\"><\/div>\n<p><a href=\"https:\/\/fintech.global\/digitalinsurtechforum\/lemonade-launches-into-its-first-european-country\/\" class=\"gdlr-info-font excerpt-read-more\">Read More<\/a><\/p>\n","protected":false},"author":10,"featured_media":6775,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/posts\/6774"}],"collection":[{"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/comments?post=6774"}],"version-history":[{"count":0,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/posts\/6774\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/media\/6775"}],"wp:attachment":[{"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/media?parent=6774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/categories?post=6774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fintech.global\/digitalinsurtechforum\/wp-json\/wp\/v2\/tags?post=6774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}