Lemonade Reduces Reinsurance Coverage as It Gains Confidence in AI-Driven Underwriting Models
Lemonade (NYSE: LMND) is retaining more insurance risk by reducing its reliance on reinsurance, signaling growing confidence in its improved underwriting models. The company has been leveraging artificial intelligence to streamline operations and enhance efficiency since going public in 2020.
Topics: artificial intelligence reinsurance strategy underwriting models