Lemonade settled in Europe

LemonadeThe start-up Lemonade, specializing in digital insurance, is entering Europe. The Insurtech signs a multi-year reinsurance contract with AXA Germany.

In Germany, the assurtech, specializing in artificial intelligence, intends to use the contract "policy 2.0" for the first time.

However, the approval of the insurance supervisory authorities is necessary to use this type of contract which has the advantage of simplifying existing insurance policies .

Lemonade, which has the ambition to develop in several European countries, lifted in April 2019, 300 million USD of funds from investors such as SoftBank and Allianz. According to Forbes, Lemonade would be valued at 2 billion USD.

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