Insurtech Lemonade Launches in UK

Lemonade, the New York City-based insurtech that is powered by artificial intelligence, has launched in the United Kingdom, following previous international moves in France, Germany, and the Netherlands. Founded in 2015, Lemonade launched its flagship renters insurance in the U.S. in 2016. Lemonade customers can get a quote, purchase contents insurance, file a claim, and get paid -- all within seconds, said the company. Residents in the UK are now able to protect their belongings with Lemonade, featuring a Defaqto 5 Star Rating, starting at just £4 (US$4.50) a month. Policies can be bought through the Lemonade app or online.