Metromile will not operate as a distinct business after Lemonade deal: Schreiber
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Metromile will not operate as a distinct business after Lemonade deal: Schreiber

Marcel Le Gouais
November 09, 2021
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Daniel Schreiber lemonade in back tech crunch.jpg
Noam Galai/Getty Images for TechCrunch

Lemonade will not run Metromile as a distinct business after it’s $500mn acquisition of the auto carrier, according to CEO Daniel Schreiber who described how the deal will enable the InsurTech to operate “at the vanguard of car insurance”.

Speaking on a call with analysts this morning, the Lemonade CEO emphasized how the deal announced yesterday will help the firm “leapfrog” in terms of its data and technology capabilities, while also emphasizing that going forward, Lemonade will be...

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Topics

NewsLemonadeMetromileInsurTechPersonal auto
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Marcel Le Gouais
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