[{"data":1,"prerenderedAt":705},["ShallowReactive",2],{"project-12552623":3},{"id":4,"name":5,"line":6,"line_source":7,"title":8,"url":9,"domain":10,"maker":11,"posted_at":12,"year":13,"points":14,"comments":15,"rank_in_year":16,"shown_in_year":17,"top":18,"tier":19,"category":20,"subcategory":21,"format":22,"keywords":23,"reception":28,"sentiment":29,"stance_mix":30,"scored_comments":35,"aspects":36,"strip":47,"post_text":48,"what":49,"said":77,"maker_in_thread":210,"shape":219,"grid":224,"attempts":668,"same_week":669,"maker_shows":38,"maker_hidden":698,"reader_version":699,"card":700},"12552623","Lemonade","the world's first P2P insurance company","title","Show HN: Lemonade – the world's first P2P insurance company","https:\u002F\u002Flemonade.com","lemonade.com","gilsadis",1474494929,2016,185,167,152,2264,7,"notable","finance_crypto","insurance","web_app",[24,25,26,27],"peer to peer insurance","renters insurance","mutual insurance","insurance quote","mixed",-0.4,{"positive":31,"neutral":32,"mixed":33,"critical":34},3,44,2,47,96,{"idea":37,"pricing":40,"docs":41,"execution":43,"design":44,"privacy":46},{"positive":38,"critical":39},1,20,{"positive":38,"critical":18},{"positive":42,"critical":31},0,{"positive":42,"critical":31},{"positive":38,"critical":45},13,{"positive":42,"critical":38},[38,31,38,42,42,31,38,33,38,38,38,38,38,38,38,38,38,31,33,38,33,33,38,38,38,38,38,33,38,33,31,38,38,38,31,31,31,31,31,38],null,{"problem":50,"audience":48,"pricing":61,"motivation":68,"time_to_build":48,"stack":73,"openness":74,"stage":75,"team_size":76},{"value":51,"source":52,"evidence":53},"Insurance where unclaimed money goes back to a common cause instead of profit","maker",[54,58],{"id":55,"by":56,"text":57},"12552974","daschreiber","Daniel from Lemonade here. Totally understand how P2P can be confusing as a term. What we mean by it is that we use each group's premiums to pay their claims, with leftover money…",{"id":59,"by":11,"text":60},"12553299","Health insurance is a whole new ballgame. But let's stick to P&C, and especially homeowners and renters, whereas companies are conflicted in paying out claims, as it impacts…",{"value":62,"source":52,"evidence":63},"Flat 20% fee on premiums to run the company",[64,67],{"id":65,"by":11,"text":66},"12560159","SmellTheGlove you're right. What joosters pasted is our website's TOS... You can definitely build a profitable insurance business with a 20% expense ratio. Our expenses are much…",{"id":59,"by":11,"text":60},{"value":69,"source":52,"evidence":70},"Turn insurance into a social good, with aligned incentives for paying claims",[71,72],{"id":65,"by":11,"text":66},{"id":59,"by":11,"text":60},[],"unknown","launched","company",{"praise":78,"objections":94,"requests":150,"questions":174,"alternatives":187},[79,87],{"value":80,"source":81,"evidence":82},"Quote flow is simple and explains each item clearly","commenter",[83],{"id":84,"by":85,"text":86},"12554918","xerophyte12932","So I tried out Maya and I just gotta say, great stuff! You ask for the bare minimum stuff, deduce the rest yourself, let the user play around with the numbers and give them an…",{"value":88,"source":81,"evidence":89},"Interest in mutual insurance backed by good tech",[90],{"id":91,"by":92,"text":93},"12554523","kateho","I have to say, I'm pretty excited by this. Mutual insurance companies have existed for a good while, but they're not easy to find. Having one that's married to great tech…",[95,113,128,139],{"value":96,"source":81,"evidence":97},"Quote funnel asks for too much personal information before showing a price",[98,102,106,110],{"id":99,"by":100,"text":101},"12552870","CodeWriter23","I got to \"enter your name\" and leaked out of the funnel. I'm willing to give up my zip code to find out how you compare to my current provider. Give me some good rates to entice…",{"id":103,"by":104,"text":105},"12553149","avitzurel","I read some of the comments about the funnel and I set out to try it myself. There are 8 steps to get a quote 1. First and last name 2. Full address 3. question (renter\u002Fowner) 4.…",{"id":107,"by":108,"text":109},"12556766","zodPod","Honestly having to give the page all of my information before even being able to see a price or actually really even find out what it was selling turned me off. Didn't bother…",{"id":111,"by":100,"text":112},"12553455","@gilsadis, in response to your request for information above: As others related, this isn't a bug report. This is about the design of your conversion funnel and the…",{"value":114,"source":81,"evidence":115},"P2P label is confusing and mutual insurance is not new",[116,120,124],{"id":117,"by":118,"text":119},"12552988","h4nkoslo","This is wildly un-new. Mutual insurance companies have existed for literally hundreds of years. Oldest one I can find in 5 minutes dates to 1762, and if you include merchant…",{"id":121,"by":122,"text":123},"12552854","mikeryan","This looks awesome I might check it out. But the \"P2P\" branding is likely going to be confusing to a lot of people. In fact even after reading the explanation I still don't…",{"id":125,"by":126,"text":127},"12552950","CaveTech","From what I can tell P2P means it's essentially an insurance co-op. It's definitely not a world first - I had renters insurance over 10 years ago that worked this way (except I…",{"value":129,"source":81,"evidence":130},"Only available for New York zip codes",[131,135],{"id":132,"by":133,"text":134},"12552906","utternerd","I don't follow how this is P2P, and unfortunately it seems only available for New York zip codes?",{"id":136,"by":137,"text":138},"12554246","d2xdy2","Hmmm. I think the interaction where it says that it is not yet available in my area and to try again with a New York address could be improved a little. Go ahead and let me enter…",{"value":140,"source":81,"evidence":141},"Incentive conflict with charitable tax write-offs and claim payouts",[142,146],{"id":143,"by":144,"text":145},"12565184","aerialfish","Are you guys getting a tax write off for the charitable donations from the surplus pool? If so, wouldn't that give Lemonade a financial incentive to decline payouts in favor…",{"id":147,"by":148,"text":149},"12555263","bm371613","If they pay claims super fast and earn no money saying \"no\", how, as a customer, can I be sure other customers do not make fake claims and decrease my share of leftover money? Or…",[151,159],{"value":152,"source":81,"evidence":153},"Quote from zip code alone before asking for name or address",[154,158],{"id":155,"by":156,"text":157},"12553087","x2f10","I will answer you as nobody else will. Hacker News users are interested in this idea, but don't want to divulge their actual address to get a \"price quote\". Ideally, they'd like…",{"id":103,"by":104,"text":105},{"value":160,"source":81,"evidence":161},"Return surplus to customers rather than charity",[162,166,170],{"id":163,"by":164,"text":165},"12555598","neximo64","Why not give the leftovers back to customers? There's incentive in that to be a lower risk client.",{"id":167,"by":168,"text":169},"12554920","andriesm","Why not just pay out excess money to the members? Or to non-claimers to encourage good risk behavior?",{"id":171,"by":172,"text":173},"12552845","allendoerfer","How is this more \"P2P\" than other insurance companies are? Non-profit, yes, but the mechanism seems to be the same. There is still a central pot everybody pays into. I would like…",[175,180],{"value":176,"source":81,"evidence":177},"How is this P2P rather than a central pool?",[178,179],{"id":171,"by":172,"text":173},{"id":132,"by":133,"text":134},{"value":181,"source":81,"evidence":182},"What is the relationship with Goldman Sachs?",[183],{"id":184,"by":185,"text":186},"12553680","ojgeojaga","What is Lemonade's relationship with Goldman Sachs?",[188,192,203],{"value":189,"source":81,"evidence":190},"Mutual insurance companies",[191],{"id":117,"by":118,"text":119},{"value":193,"source":81,"evidence":194},"heyguevara.com P2P car insurance UK",[195,199],{"id":196,"by":197,"text":198},"12556469","buro9","Not sure it's the first. At least, I know of https:\u002F\u002Fheyguevara.com\u002F is a P2P car insurance provider in the UK that is registered with the FSA and licensed to provide insurance…",{"id":200,"by":201,"text":202},"12552900","vjvj","Cool concept, looking forward to seeing roll out. Under your definition of p2p would heyguevara.com not fall into this too?",{"value":204,"source":81,"evidence":205},"So-Sure social phone insurance UK",[206],{"id":207,"by":208,"text":209},"12553132","ag56","A better -- but still not really P2P -- example of social insurance is https:\u002F\u002Fwearesosure.com (UK mobile phone only for now) With So-Sure you link up with friends and are…",{"comments":45,"answered":31,"key":211},[212,215,216],{"id":213,"text":214},"12553056","True. We like to say that Lemonade is the oldest new idea! I think that's what the sharing economy is all about, using technology to revive modes of social interaction that used…",{"id":65,"text":66},{"id":217,"text":218},"12552942","Hey, same here. Can you share more details? Thanks for letting us know btw.",{"commenters":220,"max_depth":221,"maker_replies":45,"first_comment_mins":222,"lifespan_hours":223},95,9,37,68,[225,227,229,233,236,239,241,245,247,251,254,258,261,264,267,269,272,275,278,280,283,286,288,291,294,298,301,304,307,310,314,316,318,321,325,327,329,332,334,335,339,342,345,349,353,355,359,362,364,367,369,372,375,378,380,382,385,387,388,391,395,399,401,403,405,407,410,413,416,418,420,423,425,428,431,434,436,438,440,442,444,446,448,450,454,457,460,463,466,468,472,474,476,479,482,485,488,491,494,496,499,501,503,507,509,510,512,514,517,519,521,523,525,527,530,532,535,536,538,542,546,548,550,552,554,557,559,561,564,566,570,572,576,578,580,582,584,587,588,590,594,597,599,602,604,606,610,612,614,616,618,620,622,624,626,628,630,633,636,640,644,647,649,653,657,661,665],[117,42,38,226,118,42],"project\u002Fcritical\u002Fidea",[213,42,42,228,11,38],"maker\u002Fneutral\u002Fidea",[230,42,42,231,232,42],"12553583","other\u002Fneutral\u002Fnone","maerF0x0",[234,42,42,231,235,42],"12554424","Idontagree",[237,42,42,231,238,42],"12554437","ertttddfgdf",[240,42,42,231,235,42],"12561609",[242,42,42,243,244,42],"12555225","commenter\u002Fneutral\u002Fnone","adrianN",[184,42,31,246,185,42],"project\u002Fneutral\u002Fnone",[248,42,42,249,250,42],"12554258","commenter\u002Fneutral\u002Fidea","robzyb",[252,42,38,226,253,42],"12555412","joosters",[255,42,38,256,257,42],"12556646","project\u002Fcritical\u002Fpricing","gaius",[259,42,42,231,260,42],"12553115","walrus01",[262,42,42,231,263,42],"12553154","kornish",[265,42,42,231,266,42],"12553264","hueving",[268,42,42,231,260,42],"12553375",[270,42,42,231,271,42],"12554561","bigiain",[273,42,42,231,274,42],"12554776","sfrailsdev",[276,42,42,231,277,42],"12556482","splatcollision",[279,42,42,231,260,42],"12561734",[281,42,42,231,282,42],"12553414","rezashirazian",[284,42,42,231,285,42],"12554925","blowski",[287,42,42,231,257,42],"12555688",[289,42,42,231,290,42],"12556448","lucb1e",[292,42,42,231,293,42],"12556717","rm_-rf_slash",[295,42,31,296,297,42],"12553305","project\u002Fneutral\u002Fidea","samfisher83",[299,42,42,249,300,42],"12553368","omarish",[302,42,42,243,303,42],"12553562","curryhowardiso",[305,42,42,249,306,42],"12554637","cbsmith",[308,38,38,309,253,42],"12555492","project\u002Fcritical\u002Fdocs",[311,38,31,312,313,42],"12558427","project\u002Fmixed\u002Fpricing","SmellTheGlove",[65,38,42,315,11,38],"maker\u002Fneutral\u002Fpricing",[317,38,38,309,253,42],"12563194",[319,38,31,320,313,42],"12564587","maker\u002Fneutral\u002Fexecution",[322,38,31,323,324,42],"12561907","project\u002Fneutral\u002Fpricing","insurance_gal",[326,38,38,256,313,42],"12564506",[99,33,38,328,100,42],"project\u002Fcritical\u002Fdesign",[330,33,38,328,331,42],"12552887","SandersAK",[217,33,42,333,11,38],"maker\u002Fneutral\u002Fnone",[155,33,38,328,156,42],[336,33,31,337,338,42],"12553145","project\u002Fneutral\u002Fdesign","Faaak",[340,33,38,328,341,42],"12553903","svens_",[343,33,42,344,11,38],"12553156","maker\u002Fneutral\u002Fdesign",[346,33,38,347,348,42],"12553271","maker\u002Fcritical\u002Fdesign","sharkmerry",[350,33,42,351,352,42],"12554459","commenter\u002Fneutral\u002Fdesign","nerdponx",[354,33,31,344,282,42],"12553430",[356,33,31,357,358,42],"12553747","project\u002Fneutral\u002Fprivacy","rubyfan",[360,33,38,328,361,42],"12554187","drivingmenuts",[363,33,31,337,274,42],"12554790",[365,33,38,328,366,42],"12556265","kbart",[368,33,42,333,11,38],"12552916",[370,33,38,328,371,42],"12552925","rawrmaan",[373,33,42,243,374,42],"12553016","scoot",[376,33,42,243,377,42],"12553070","dogma1138",[379,33,42,333,11,38],"12553141",[381,33,31,344,377,42],"12553159",[383,33,42,243,384,42],"12553130","hsod",[386,33,42,243,282,42],"12553426",[111,33,38,328,100,42],[389,33,31,357,390,42],"12553746","phonon",[392,33,38,393,394,42],"12554441","project\u002Fcritical\u002Fprivacy","CamperBob2",[396,33,42,397,398,42],"12556229","commenter\u002Fneutral\u002Fprivacy","yules",[400,33,42,397,290,42],"12556480",[402,33,42,397,390,42],"12557472",[404,33,31,323,118,42],"12553127",[406,33,38,256,104,42],"12553182",[408,33,42,409,118,42],"12553212","commenter\u002Fneutral\u002Fpricing",[411,33,42,409,412,42],"12553134","cmdrfred",[414,33,38,256,415,42],"12555710","Ir0nMan",[417,31,38,226,297,42],"12552985",[419,31,42,243,118,42],"12553014",[421,31,42,231,422,42],"12553058","huac",[424,31,42,243,297,42],"12553200",[426,31,42,243,427,42],"12553285","BillinghamJ",[429,31,42,243,430,42],"12556818","6stringmerc",[432,31,31,296,433,42],"12553333","Spooky23",[435,31,31,296,430,42],"12556786",[437,31,31,296,352,42],"12553041",[439,31,42,243,11,38],"12553085",[441,31,38,226,118,42],"12553107",[443,31,42,249,352,42],"12554452",[445,31,38,226,313,42],"12558615",[447,31,42,243,300,42],"12553432",[449,31,38,256,185,42],"12553683",[451,452,31,453,352,42],"12554616",4,"project\u002Fmixed\u002Fexecution",[455,452,42,456,253,42],"12555426","commenter\u002Fcritical\u002Fdocs",[458,452,38,459,290,42],"12556559","project\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