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Tim Bixby - Lemonade: The A.I. Insurtech Revolutionsing Insurance

Mar 23, 2023

Tim Bixby, CFO of Lemonade, talks about Lemonade's innovative use of AI and machine learning in revolutionizing the insurance industry. They discuss Lemonade's expected growth, challenges of disrupting an industry, and innovations in the wider insurtech space. The podcast also highlights Lemonade's focus on the gross loss ratio, cross-selling policies for business growth, shift in focus to lower loss and expense ratio, and the evolution of the product using customer data.

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Introduction

00:00 • 3min

The Role of AI in Lemonade

03:20 • 11min

Understanding the Gross Loss Ratio and Targeting 70%

14:39 • 2min

Lemonade's Focus on Multi-Line Customer Rate

16:35 • 5min

Lemonade's Fourth Quarter Earnings Results and Shift in Focus

21:08 • 15min

The Evolution of the Product with More Customers and Data

36:18 • 2min

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Today, we are joined by Tim Bixby, the CFO of Lemonade, a cutting-edge insurance technology company that's been revolutionising the insurance industry with its innovative use of AI and machine learning.

In this episode, we delve into Tim's journey as CFO of Lemonade and his insights into the company's expected growth and path to profitability following its 2020 IPO. We also discuss Lemonade's Maya AI bot, the challenges of disrupting an industry, and innovations in the wider insurtech space.

Tim has also been serving as Audit chair and Board director of Rent the Runway since 2021. Before Lemonade, he served as CFO of Shutterstock from 2011 to 2015 and CFO at LivePerson from 1999 to 2011. Enjoy!

Thanks to Cofruition for consulting on and producing the podcast. Want further Opto insights? Check out our daily newsletter: https://www.cmcmarkets.com/en-gb/opto/newsletter

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