On Lemonade’s Planned Acquisition of Metromile

The acquisition will give Lemonade the opportunity to expand its offering and provide a well-rounded set of products to customers, according to Karlyn Carnahan, head of Celent’s North American Property Casualty practice. “Lemonade’s reliance and focus on data to drive their underwriting and processes meant that any acquisition target would also have to be a heavily data driven insurer to fit with their culture and business model.”