InsurTech

Lemonade Chief Pushes Back Against Insurance Firm’s Doomsayers
Lemonade Chief Pushes Back Against Insurance Firm’s Doomsayers
March 03, 2024  |  Insurance

Digital insurance firm Lemonade says predictions of its demise have been greatly exaggerated. The company’s stock has fallen more than 70% since it went public in 2020,...

READ MORE >
AI Moves From GPS to Copilot for the Insurance Industry
AI Moves From GPS to Copilot for the Insurance Industry
February 29, 2024  |  Artificial Intelligence

In many ways, the insurance industry helped hone the algorithms behind artificial intelligence technology. From actuarial science, Bayesian statistics and generalized linear models, to cloud...

READ MORE >
Digital Overhaul in Insurance Benefits Firms Already Confident Using AI 
Digital Overhaul in Insurance Benefits Firms Already Confident Using AI 
February 28, 2024  |  Earnings

In the artificial intelligence (AI) race, some companies, and sectors, are starting on third base.  That’s because companies operating in technologically sophisticated sectors with deep...

READ MORE >
Lemonade Says AI Improved Insurance Loss Ratio
Lemonade Says AI Improved Insurance Loss Ratio
February 28, 2024  |  Artificial Intelligence

Digital insurance platform Lemonade said artificial intelligence helped it improve its loss ratio. The figure, the ratio of losses to premiums earned, improved by 12...

READ MORE >
Lemonade Co-CEOs to Resume Previous Positions, Seeking Clarity of Structure
Lemonade Co-CEOs to Resume Previous Positions, Seeking Clarity of Structure
December 20, 2023  |  Personnel

The co-CEOs of digital insurance company Lemonade will return to their previously held positions on Jan. 1. Shai Wininger will return to the position of president, while Daniel Schreiber will...

READ MORE >
Lemonade Sees Path to Profitability and Reaches 2 Million Customers
Lemonade Sees Path to Profitability and Reaches 2 Million Customers
November 08, 2023  |  Insurance

Digital insurance company Lemonade says its platform now has 2 million customers. The company announced that milestone in a news release Wednesday (Nov. 8) as it reported its...

READ MORE >
CCC Intelligent Solutions Adds New AI Tools for Claims Handlers
CCC Intelligent Solutions Adds New AI Tools for Claims Handlers
October 23, 2023  |  Artificial Intelligence

CCC Intelligent Solutions (CCC) added new artificial intelligence (AI)-based photo analysis capabilities to its cloud platform for the property and casualty (P&C) insurance industry. The...

READ MORE >
Google and CCC Partner to Speed Online Car Repair Appointments
Google and CCC Partner to Speed Online Car Repair Appointments
September 28, 2023  |  Partnerships

Google and insurance industry cloud platform CCC teamed up to streamline online car repair appointments. The partnership is open to repair shops that use CCC’s...

READ MORE >
Insurance Claims Optimization Company CLARA Analytics Raises $24 Million
Insurance Claims Optimization Company CLARA Analytics Raises $24 Million
September 07, 2023  |  Investments

CLARA Analytics, a provider of artificial intelligence (AI) technology for insurance claims optimization, has completed a $24 million Series C funding round, bringing its total...

READ MORE >