{"id":729,"date":"2021-11-13T08:36:11","date_gmt":"2021-11-13T13:36:11","guid":{"rendered":"https:\/\/www.wikifri.com\/?p=729"},"modified":"2021-11-13T08:36:42","modified_gmt":"2021-11-13T13:36:42","slug":"3-things-lemonade-metromile-root-q3-insurtech-funding","status":"publish","type":"post","link":"https:\/\/www.wikifri.com\/3-things-lemonade-metromile-root-q3-insurtech-funding\/","title":{"rendered":"3 Things – Lemonade \/ Metromile, Root Q3 & Insurtech Funding"},"content":{"rendered":"

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Hi All!\u00a0 This week we are following the Lemonade \/ Metromile, Root Q3 & Insurtech funding record breaking.\u00a0 Here are the three things we learned:<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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Lemonade Acquires Metromile<\/strong><\/p>\n

The biggest newsmaker for the second week in a row is Lemonade in announcing their\u00a0acquisition of fellow public insurtech Metromile<\/a>\u00a0on the same day as their\u00a0Q3 earnings report<\/a>.\u00a0 The combination of news, one week after launching their auto product, was not well received by investors.\u00a0 Their growth metrics look impressive but we know that growth is expensive and the $500M they are spending to acquire MILE is a big chunk of the capital they raised with their secondary public offering.\u00a0 There is skepticism that the book of business may not be worth that amount despite getting them ahead in their auto product development.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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Root Q3 Earnings<\/strong><\/p>\n

Root earnings<\/a>\u00a0are always an interesting event.\u00a0 We have been tracking their total loss which is now in excess of $1.15 B.\u00a0 They focused on telematics changes and spoke about the Carvana embedded product, use of independent agents and lower marketing costs which reduced overall expenses.\u00a0 The loss ratio is still quite high and stock dragging despite a slight bump from the positive earnings report.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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Insurtech Funding Breaks Another Record<\/strong><\/p>\n

Insurtech funding broke a record with\u00a0$5.3B raised by insurtechs in Q3 2021<\/a>.\u00a0 The appetite for investment continues on and US-based companies appears to be on the receiving end of the funding events.\u00a0 Many deals were early round funding for new entrants and major rounds for cyber \/ commercial MGA platforms like Coalition.\u00a0 There is an endless stream of capital to tap into for insurtech businesses.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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Thank you for following us, we appreciate your feedback and continued support.\u00a0 Stay productive, stay safe and stay in touch!<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Hi All!\u00a0 This week we are following the Lemonade \/ Metromile, Root Q3 &<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[1],"tags":[],"acf":[],"yoast_head":"\n3 Things - Lemonade \/ Metromile, Root Q3 & Insurtech Funding - Wikifri<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wikifri.com\/3-things-lemonade-metromile-root-q3-insurtech-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Things - Lemonade \/ Metromile, Root Q3 & Insurtech Funding - Wikifri\" \/>\n<meta property=\"og:description\" content=\"Hi All!\u00a0 This week we are following the Lemonade \/ Metromile, Root Q3 &\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wikifri.com\/3-things-lemonade-metromile-root-q3-insurtech-funding\/\" \/>\n<meta property=\"og:site_name\" content=\"Wikifri\" \/>\n<meta property=\"article:published_time\" content=\"2021-11-13T13:36:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-11-13T13:36:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wikifri.com\/wp-content\/uploads\/2021\/04\/Three-Things-300x157.png\" \/>\n<meta name=\"author\" content=\"Nick Coenen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nick Coenen\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.wikifri.com\/3-things-lemonade-metromile-root-q3-insurtech-funding\/\",\"url\":\"https:\/\/www.wikifri.com\/3-things-lemonade-metromile-root-q3-insurtech-funding\/\",\"name\":\"3 Things - 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