Is Lemonade turning to be a lookalike?

Originally published at: Is Lemonade turning to be a lookalike? - Daily Fintech

In its fourth-quarter and full-year 2021 shareholder letter, Lemonade’s CEO wrote that 2022 is expected to be a year of peak losses. This follows unfavorable development and product mix changes that plummeted 2021 loss ratios into the 90s, 20 points higher over comparable 2020 periods. The projection is that 2022 will see highest losses, with…