Clover Insurtech Meme Stock

Insurtech + Meme Stock = WOW for Clover Health

Today, on June 8, the stock worlds of Insurtech and Reddit memes collided. What a difference a day makes! The Reddit investors who built AMC Theaters, Bed Bath and Beyond, Blackberry and a few other stocks found Insurtech today. At the close of trading Clover Health, an Insurtech startup that went public last year through […]

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Lemonade Announces Auto Insurance, Coming Fall 2021

Lemonade, the Insurtech, announced that it intends to introduce Auto insurance within the next few months. This would be their second major product launch in 2021. In February, they teamed up with Bestow to launch Life Insurance. When Lemonade Auto Insurance is introduced, it will be their fifth product after Renters, Home, Pet and Life. Why this makes sense: […]

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Root Insurance 2020 Results: a very mixed bag

Insurtech Root, a telematics-based insurer, yesterday announced its full-year 2020 results. While key metrics like premium growth, customer numbers and claims ratio improved, net losses increased 56% compared to 2019 and the total cost of acquiring consumers is unsustainable at $3,370 for 2020. Root recorded a loss of $133.2 million for the quarter ended December […]

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