Lemonade plans Europe expansion

Insurance start-up Lemonade has announced plans of expanding to Europe. Citing the continent’s ‘thriving tech ecosystems and the countless people who wrote to ask that we come to their country’ as reasons for the expansion plan.

In a blog post on the Lemonade website, CEO Daniel Schrieber said that Europe, the birthplace of modern insurance, was one of the largest insurance markets globally, and is home to the two largest insurers worldwide – AXA and Allianz.

He hoped the two companies who were also investors in the country, would see the European launch as a boost to their investment, rather than as the challenge to their business, according to the blog post.