Business Model Lemonade - Group 6

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Date: Version:

The Business Model


Canvas
• Key Partnerships • Key Activities • Value Propositions • Customer • Customer
Relationships Segments
• Underwriting insurance • Speed: Customers can
• Technology Companies policy obtain insurance in just 90 • Proactive Communication • Homeowners (Condo
• Insurance Companies • Issuing insurance policies seconds using App. • Personalized policies and House Owners):
• Media Partners • Marketing • Social media engagement Homeowners benefit from
• Customer acquisition • Utilization of technology and • Customer service & support flexible monthly
• Customer service & AI to makes the insurance • User friendly website subscriptions (starting at
retention claiming process faster and $25) and comprehensive
• Settling claims seamless.
coverage for property and
• Technology innovation valuables, all managed
• Assisted advice for
• Investing premiums digitally.
customers catering to
specific insurance
requirements.
• Renters: Renters can get
• Key Resources • Channels coverage for their personal
• Social cause supporter belongings through a
• Technology based platform through donation of unpaid • Website Platform & App mobile app, with affordable
• Licenses & regulatory claims to various charities. • Automation of policy monthly subscriptions
approvals processing starting at $5.
• Experienced team • Social media platforms
• Intellectual property • Marketing & partnerships
• Earthquake
• AI Chat Engine coverage: Seeking specifi
c earthquake coverage due
to their earthquake prone
locations.

• Cost Structure • Revenue Streams

• Technology development cost • Charging premiums in exchange for insurance coverage

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