FinTech Magazine April 2019 | Page 74

TOP 10
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04

Lemonade

Gaining the 4th spot on the Post Insurtech ranking , Lemonade claims to be the “ world ’ s first open source insurance policy ”. Headquartered in New York City , USA , Lemonade offers homeowners and renters insurance powered by artificial intelligence and behavioural economics . In 2016 , the firm claimed to set a world record for the fastest claim handled in three seconds . Lemonade is a certified B-Corp — a for-profit business dedicated to making a positive impact on society , workers , the community and the environment — and so it takes a flat fee .
APRIL 2019