
Metromile News


Metromile Receives Stockholder Approval of Merger With Lemonade
Metromile, a digital insurance platform and pay-per-mile auto insurer, announced that its stockholders approved a proposal to adopt the merger agreement entered into with Lemonade Inc. to acquire ...
Regulators Can Learn AI; New InsurTech Groups Will Help
It was the mid-1990s. Karen Clark's Applied Insurance Research and Hemant Shah's Risk Management Software were InsurTechs in their early stages of development—before the term for insurance ...
Investor Ire Over Lemonade’s Metromile Deal Overshadowed Generally Encouraging Q3 Results
Lemonade's decision to acquire struggling pay-per-mile auto insurer Metromile, along with a loss ratio that spiked higher, initially drowned out news of otherwise encouraging results from the ...
Lemonade’s Metromile M&A Deal Could Presage More InsurTech Acquisitions to Come: S&P
Lemonade's plan to snatch up Metromile isn't necessarily a one-off InsurTech M&A deal. Many more in the sector are likely in the future, particularly with newly-public startups burdened by anemic ...
Beyond the Hype: How to Value InsurTechs
Why is it so hard for property/casualty insurance carrier professionals to accept the idea that InsurTechs are bringing value to the insurance industry—and changing it for the better? I have found ...
InsurTech Lemonade Will Acquire Metromile in Acceleration of Auto Insurance Growth Plans
Digital insurer Lemonade plans to acquire pay-per-mile auto insurance startup Metromile in an all-stock transaction as it aggressively continues expansion plans. With the M&A agreement, the New ...
Metromile Hires Travelers Vet to Guide ‘Significant Expansion” of Independent Agent Program
Metromile, Inc. said it is pursuing "a significant expansion" of its pilot using independent agents to sell digital insurance, and it has hired a Travelers veteran to lead the effort. Scot Rankin, a ...
Former Tesla Exec Joins Metromile as Head of Data Operations
Metromile hired former Tesla executive Colleen Qiu as its new vice president and Head of Data, representing another recent high-profile executive hire from outside the insurance industry. In May, the ...