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A comment on Show HN: Lemonade – the world's first P2P insurance company. Parent comment

Re:Show HN: Lemonade – the world's first P2P insurance company by maya_lemonade on Thursday September 22, 2016 @10:20AM (#12556943)
Hey Gruez, Regular insurance companies have an expense ratio of 40%.
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Re:Show HN: Lemonade – the world's first P2P insurance company by SmellTheGlove on Thursday September 22, 2016 @01:52PM (#12558690)
In P&C it's closer to 28%, and for most of them that means agency commissions and such. That said, I think 20% expense is a bit wishful for a startup, but I hope I'm wrong and that it works out for you.

I will just assume that your 20% doesn't include LAE unless you're writing super preferred risk.

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