3Yr·
Opinion for $LMND

Insurance company conquers the market🎯?


Surely each of us has at least one insurance policy taken out, but this can also be taken out for a wide variety of cases. Did you know that there is an "anti-luck policy"? With this one you get a compensation sum of up to 2500€ if you play the lottery weekly over the whole year but never got more than 2 right hits - crazy🤪.


Back to the topic...Within Germany, there were a total of 323.7 million property & casualty insurances in 2019 & more insurances every day abgeschlossen🏋🏽‍♀️.


Marketplayer...🥊?


Lemonade ( $LMND (-2.77%) ) is a peer-to-peer property & casualty insurance company & offers the following "products":


🏬 digital homeowners & liability insurance policies (DE).


🏡 policies for renters and homeowners (USA)


In 2016, they started selling renters insurance policies, where the company managed to have an inventory of $300 million in pet life, homeowners, and renters insurance policies in a very short time. In addition, Lemonade announced plans to add auto insurance to its portfolio in the coming year🚗.


Use of AI🧠


The company uses a Chattbot to keep the entire process Simple & Fast:


👨🏽‍💻 Chattbott is used to provide individual insurance for the customer


🤝 Chattbott is used that customers can submit their claims


The clientele seems mostly enthusiastic about the simplicity & speed of this solution and accordingly the customer satisfaction looks good🏆.


Charitable business model🌎


Lemonade keeps a fixe fee from the paid contributions to cover the general expenses. Excitingly, I find that "if there is money left over this will be donated" & the choice of charity is chosen according to the customer's wishes🛍.


Potential🚀


📈 Premium growth year over year is 92%.

- New customers joining & existing customers taking out additional pet &/or life insurance policies


💰Revenue guidance for the current fiscal year is $123 million

- Excluding potential launch of auto insurance


🤑 Estimated spend by Lemonade customers on auto insurance is $1 billion

- Auto insurance integration opens large market & could drive further growth


What is your take on Lemonade & their future growth in the market🤖?

Did you know Lemonade or is the stock already in your portfolio🧐?


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Source: The Motley Fool, Marketscreener, Lemonade.com,

Statista

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Do I want to invest in (generally) insurance when I know that more natural disasters will occur due to climate change? (And thereby the insurers more under pressure Geraten? ) The value itself, sounds actually intressant. How are reserves formed if only the basic costs are kept and the rest is donated?
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Digital insurers are only interested in price, which is the completely wrong aspect of insurance. In addition, the products are absolutely weak in terms of performance. For an all-around sensible coverage, I need extra modules and thus extra premiums. Here, it's all about convenience and speed - performance and, above all, advice in the event of a claim.... No chance. All these digital insurers are absolute filth. My opinion ✌😌
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3Yr
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