Insight and Intelligence on the London & International Insurance Markets

25 February 2018

Search archive

Lemonade CEO slaps insurers on gains by denying claims

Bernard Goyder 13 February 2018

The co-founder and CEO of Lemonade has lambasted the insurance industry on its claims performance, accusing carriers of making money by not paying claims.

In an interview with Business Insider published yesterday, Daniel Schreiber said: "insurance companies make money by disappointing their customers."

He continued: "the way insurance providers make money is by denying your claim."

The comments follow Lemonade's latest funding round that raised $120mn, led by SoftBank, and put the New York-based company at the forefront of property...


If you are a non-subscriber but would like to be able to view this article, then please go to our Publications page for further information on joining our readership



Share:

Euromoney Trading Limited - 3rd Floor, 41 Eastcheap, London, EC3M 1DT, United Kingdom. The content of this website is copyright of Euromoney Trading Limited 2018. All rights reserved Euromoney Trading Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π