New year shopping bags 🤩🛍
Discussion about LMND
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3Yr·
There are risks associated with Lemonade, but there are many incredibly strong arguments for this company to succeed going forward; I’m a firm believer that it is offering a product that (from a consumer standpoint) in in a league of its own 🔥
The only risk, and it’s a big one, is that their AI isn’t as good as it needs to be - this will only be known in 5+ years, but I am happy with the figures I’m currently seeing in terms of gross loss ratios, given where the company is in its journey 🍋
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3Yr
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3Yr·
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 (+1.14%) ) 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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9 Comments
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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