Lemonade Launches World’s First ‘Open Source’ Insurance Policy
The full-stack insurance company powered by AI invites competitors and consumers to edit Lemonade's Policy 2.0
The new insurance policy, called Policy 2.0, will be open for edits from the ‘wisdom of the crowd,’ in what is the world’s first open-sourced insurance policy.
“When we set out to create an unconflicted insurance company we had to rethink the very business model of insurance,” said
While most insurance companies copyright their policy, Lemonade has done the opposite - and made it open source. Lemonade’s new policy is not only open for the community to edit
“Making insurance simple, fair, and approachable to everyone should be a shared goal of the entire industry,” said
Lemonade recently raised a
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View source version on businesswire.com: https://www.businesswire.com/news/home/20180516005661/en/
Lemonade
Source: Lemonade
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