Insurtech start-up Lemonade has now launched in France, marking the third EU country the company has entered, following a launch in the Netherlands earlier this year, and Germany in June 2019.
Lemonade’s latest expansion will provide French residents with access to instant renter’s insurance as well as file claims through the Lemonade app.
The insurtech launched its homeowners and renters insurance in New York in late 2016, and has been one of the fastest growing insurance companies ever since.
The company went public on July 2, 2020, and is listed on the New York Stock Exchange under the ticker LMND.
Daniel Schreiber, Lemonade CEO and co-founder said: “Home insurance is often legally required in France, which makes it a compelling opportunity for Lemonade’s next European country launch.
“While the French insurance market is one of the most developed globally, we believe that Lemonade’s unique mix of value, values, and technology will stand out to the French consumer, offering the ability to get fast, personalised, and mission-driven insurance, with a few taps.”
As with the German and Dutch products, Lemonade’s French product has the added benefit of being based on the company’s Policy 2.0.