AI Changing the Game for Insurance - Tech Exec

US insurance company Lemonade are continuing their rise to the top using Artificial Intelligence, after revealing their research which shows they are gaining a large share of the New York market. The organisation only opened their doors to applications 8 months ago, and have quickly caught traction with customers as they put the user experience above all else. Lemonade's unique catch is that their insurance is powered off of AI and behavioural economics, removing the annoying and unnecessary paperwork and providing almost immediate approvals. Their Google Surveys revealed that in less than a year, Lemonade has captured almost 5% of the market share in renters insurance. Their ascent is even more incredible when considering that the average market share for the top 10 homeowners insurance is 6.3%, while being in business for 104 years.