Lemonade co-CEO Daniel Schreiber has said that “a few bumps along the way” could impact his company’s loss ratio, and he expects that the recently completed acquisition of InsurTech Metromile will add between three to five points to Lemonade’s loss ratio in the next few quarters.
The executive was speaking after the InsurTech reported that its Q2 net loss deepened by 22% to $67.9mn, from a $55.6mn
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