Lemonade hits one million customer milestone

Insurtech start-up Lemonade has announced that it reached more than one million customers in 2020, 1,500 days after its initial launch.

This milestone follows the company’s recent expansion into France, a move that introduced its artificial intelligence-driven solutions to a third European country.

Lemonade has noted how the one million customer mark was reached some 15 to 45 years faster than industry leaders such as State Farm, Allstate, GEICO, and USAA.

“We’re proud to hit the one million customer mark so early in the life of the company,” said Shai Wininger, Lemonade co-founder and COO.