(Reuters) Link to Article Here – Tech-driven insurance startup Lemonade Inc filed for its U.S. initial public offering (IPO) on Monday, looking to take advantage of a recent recovery in the market after the coronavirus crisis slammed the brakes on new listings.
Lemonade, which started in New York in late 2016, is part of a growing number of young companies looking to shake up the insurance sector through better use of technology. It offers insurance in 28 U.S. states and markets itself as a company that gives any money left after paying claims to charities chosen by its customers.
— Insurance startup Lemonade files for U.S. IPO