{"id":897,"date":"2022-10-08T12:00:42","date_gmt":"2022-10-08T16:00:42","guid":{"rendered":"https:\/\/www.wikifri.com\/?p=897"},"modified":"2022-10-07T16:12:24","modified_gmt":"2022-10-07T20:12:24","slug":"3-things-10072022","status":"publish","type":"post","link":"https:\/\/www.wikifri.com\/3-things-10072022\/","title":{"rendered":"3 Things – Lemonade UK, Future of Auto Insurance & ITC and Ian Updates"},"content":{"rendered":"

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Hello Friends!\u00a0 The first week of the final quarter was dominated by Ian news but there were other things too.\u00a0 This week we are following Lemonade entering the UK, auto makers reshaping the future of insurance and more updates from ITC 2022 and the Ian aftermath:<\/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 Enters UK Market<\/strong><\/p>\n

Geographical expansion is key to Lemonade’s growth strategy and this week they made a big move into the UK.\u00a0 They\u00a0announced the launch<\/a>\u00a0and partnership with Aviva and will offer their flagship rental product to begin but likely will try to expand to home, auto and life so they can ‘graduate’ UK insureds, another core pillar of their strategy.\u00a0 This should give them immediate growth with lower downside potential by sharing the risk.\u00a0 We can all remember them bursting onto the scene with apartment insurance in NYC when they first started, London should prove to be a similar market to get started.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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Update on Automakers in Insurance<\/strong><\/p>\n

We’ve given you bits of news about auto makers and their pursuit of getting into the insurance business.\u00a0 This week, AM Best put together a good summary in an article ‘Automakers Build New Insurance Future<\/a>‘.\u00a0 In addition to a good roundup of what major manufacturers and insurers are doing, it plays both sides of the case for and the challenges that exist with this direction for auto.\u00a0 At the end of the day, the connected car data and seamless customer experience that can be created seem to be the driving forces towards this ‘new future’.<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n

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More ITC and Ian Updates<\/strong><\/p>\n

The two biggest events of the past two weeks, the industry’s largest gathering and the largest catastrophe of the year, are still getting lots of attention this week.\u00a0 There are many recaps of ITC out there but we found value in\u00a0Celent’s<\/a>, make sure you scroll down to the roundup from each of their representatives who attended.\u00a0 We continue to be shocked by the images of the devastation Ian caused in the Southwest Florida coast.\u00a0 Loss estimates continue to climb with CoreLogic estimating totals in the area of $57B and it looks like\u00a0auto losses<\/a>\u00a0will be severe.<\/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 safe in this world, take care of each other and good luck!<\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Hello Friends!\u00a0 The first week of the final quarter was dominated by Ian news<\/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 UK, Future of Auto Insurance & ITC and Ian Updates - 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-10072022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"3 Things - Lemonade UK, Future of Auto Insurance & ITC and Ian Updates - Wikifri\" \/>\n<meta property=\"og:description\" content=\"Hello Friends!\u00a0 The first week of the final quarter was dominated by Ian news\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wikifri.com\/3-things-10072022\/\" \/>\n<meta property=\"og:site_name\" content=\"Wikifri\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-08T16:00:42+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-07T20:12:24+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-10072022\/\",\"url\":\"https:\/\/www.wikifri.com\/3-things-10072022\/\",\"name\":\"3 Things - 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