When Life Gives You Lemonade
Lemonade’s success is a harbinger of good things to come for other insurance technology (insurtech) companies.
'AI' is a general term that refers to hardware or software that exhibit behavior which appears intelligent. Basic AI has existed since the 1950s, via rules-based programs that display rudimentary intelligence in limited contexts. Early forms of AI included 'expert systems' designed to mimic human specialists.
Lemonade’s success is a harbinger of good things to come for other insurance technology (insurtech) companies.
Fintech as a category of new startups is booming. It's telling though that few new enterprises advertise themselves as ‘Fintech’. Instead, new startups have begun to categorize themselves based on their specialization.