This Hidden AI Gem Is Poised to Revolutionize an $3 Trillion Industry

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. Regulated to the teeth and hardened by decades of risk aversion, it hasn't exactly welcomed start-ups with open arms.Enter Lemonade (NYSE: 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%, as investors grew weary of its persistent losses, high customer acquisition costs, and the broader market's shift away from unprofitable growth stocks amid rising interest rates.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool