Insurance is a $3 trillion market that touches nearly every household, vehicle, and business. It’s one of the largest industries on Earth, yet also one of the hardest to disrupt.
Enter Lemonade (LMND), the artificial intelligence (AI)-native insurer. Since its launch, the company has aimed to reshape the insurance model by replacing agents with AI. Bots manage onboarding, handle claims, and even help price policies. It’s a model that has attracted attention, but has struggled to deliver consistent profitability.
That struggle has been reflected in the stock price. Since peaking in early 2021, Lemonade’s shares have fallen approximately 82%.
However, recent developments suggest a potential turnaround. With shares down about 20% since January, could Lemonade be setting itself up for a comeback?
This post originally appeared at The Motley Fool.