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I am surprised no one has mentioned: https://www.lemonade.com/ https://www.lemonade.com/ They are doing three things: 1. Innovating on customer acquisition w
by asmithmd1 9y ago
I am surprised no one has mentioned:
https://www.lemonade.com/ https://www.lemonade.com/
They are doing three things:
1. Innovating on customer acquisition with a mobile app
2. Building out a for-benefit corporation insurance carrier one US state at a time.
3. Innovating on the business model.
The conventional, for-profit side of the business takes a flat 10% of premiums and "buy" insurance from their captive for-benefit carrier. Any money left over in the for-benefit insurance carrier is donated to the charity of your choice.