<div>
  <p>
  </p>
  <ul>
    <li>
      <p>
        Members and InsurTech companies, including Boost, Branch, Clearcover, Lemonade, and Root Insurance, have teamed up to launch InsurTech Coalition, a new trade organization committed to shaping an ethical and inclusive future for the insurance industry.
      </p>
    </li>
    <li>
      <p>
        The coalition aims to advocate the responsible use of technology, provide transparency, offer better products and pricing to customers, collaborate with regulators to develop new frameworks, and review products to manage risk efficiently while making them more accessible.
      </p>
    </li>
    <li>
      <p>
        Furthermore, the coalition is open for other InsurTech companies to join.
      </p>
    </li>
  </ul>
  <p>
  </p>
</div>


<div>
  <p>
    <a href="https://www.prnewswire.com/news-releases/first-of-its-kind-insurtech-coalition-launches-to-shape-the-future-of-insurance-302000890.html">
      Press release
    </a>
  </p>
  <p>
  </p>
</div>


Neo Insurance

PROMINENT_CATEGORY

<div>
 
 <p>Members and InsurTech companies, including Boost, Branch, Clearcover, Lemonade, and Root Insurance, have teamed up to launch InsurTech Coalition, a new trade organization committed to shaping an ethical and inclusive future for the insurance industry.</p>
 <p>The coalition aims to advocate the responsible use of technology, provide transparency, offer better products and pricing to customers, collaborate with regulators to develop new frameworks, and review products to manage risk efficiently while making them more accessible.</p>
 <p>Furthermore, the coalition is open for other InsurTech companies to join.</p>
 
</div>

Coalition of InsurTechs join to launch ‘InsurTech Coalition’ to shape future of insurance

ANALYST_QUICK_TAKE

DISRUPTOR_PRESENT

<div>
 <ul>
  <li><p>Lemonade Car, a new offering from Lemonade Insurance, is now available in Arizona, making it the sixth state where the company provides coverage.</p></li>
  <li><p>Despite the expansion, Lemonade Car currently only accounts for 1.5% of Lemonade's total premiums in the first half of 2023.</p></li>
 </ul>
</div> <p><b>Analyst QuickTake: </b> Lemonade introduced car insurance in November 2021 and is also available in Illinois, Ohio, Oregon, Tennessee, and Texas. Moreover, the company has extended its reach through <a href="https://sp-edge.com/updates/11944"> Metromile </a> (acquired in July 2022) in states such as Washington, California, Virginia, Pennsylvania, and New Jersey.</p>

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