Lemonade, the online insurance company, says its chatbots helped insulate it from the coronavirus crisis.
Lemonade released its initial public offering paperwork on Monday; the documents showed that it's still losing money, despite its bots.Doing business amid a pandemic is not easy, what with all the rules around masks, lockdowns and maintaining distance., two key members of its staff are immune to the virus — that's because they are bots.
Since the coronavirus began to spread earlier this year, we've seen COVID-19 warnings pop up in the quarterly reports and risk factors of numerous public companies and IPO candidates. But Lemonade's filing brings a refreshing new twist to coronavirus comments that companies provide investors.The amount of current annualized insurance premiums the company had on record in April was 130% higher than in the same month a year earlier, Lemonade said in the filing.
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The bots clean each other?
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