Insurance is certainly one of the less glamorous parts of being an adult. You know you need it, but finding adequate coverage and making a claim can both be huge pains. The entire process often takes more time, documentation and mental energy than it should.
Recognizing these pain points, Daniel Schreiber and Shai Wininger created Lemonade, a new AI-powered company working towards making insurance easier. They are currently operational in 21 states with more coming online in the months ahead. Lemonade offers condo, renters and homeowners insurance, and we’re taking a look at how they are hoping to change the insurance business.