Signals from Space: A Lemonade Transparency Chronicle

Posted by Sujan on Thursday January 24, 2019 @12:12PM
from the lemonade.com dept.

https://www.lemonade.com/blog/signals-from-space/

( 3 comments | 23 points | on HN )

Re:Signals from Space: A Lemonade Transparency Chronicle by phonon on Thursday January 24, 2019 @02:51PM (#18992258)

More Lemonade puffery-- "We tightened up underwriting, but oops, it lowered new sales."

Welcome to insurance! Also suspicious that they are so confident of their expected losses/reserves for Q42018, despite significant wildfire exposure.

[ Parent | on HN ]

Re:Signals from Space: A Lemonade Transparency Chronicle by yules on Friday January 25, 2019 @10:42AM (#18998867)

Lemonade already knows their l/r for q4. Welcome to software!

[ Parent | on HN ]

Re:Signals from Space: A Lemonade Transparency Chronicle by phonon on Friday January 25, 2019 @11:22AM (#18999398)

A. It says estimated for Q4.

B. Umm, sure--"software" will magically determine their exact liabilities, before adjusters complete their reviews; much less any litigation that may occur.

C. They've previously reported adverse loss development, making it more likely than not they under-reserve.

[ Parent | on HN ]