Shift Technology Founded in 2014 , Shift Technology provides state-of-the-art technology solutions that solve the challenges facing the global insurance industry . They are best known for their accurate potential fraud detection system in insurance claims . Their AI-native SaaS solutions assist insurers to defeat fraud and automate claims . Shift Technologies ’ team comprises hundreds of insurancefocused data scientists , customer success advisors and project managers . The insurtech claims to have a 75 % hit rate and says that fewer false positives lead to more productive investigations and improved loss ratio .
Lemonade
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Shift Technology Founded in 2014 , Shift Technology provides state-of-the-art technology solutions that solve the challenges facing the global insurance industry . They are best known for their accurate potential fraud detection system in insurance claims . Their AI-native SaaS solutions assist insurers to defeat fraud and automate claims . Shift Technologies ’ team comprises hundreds of insurancefocused data scientists , customer success advisors and project managers . The insurtech claims to have a 75 % hit rate and says that fewer false positives lead to more productive investigations and improved loss ratio .
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Lemonade
Lemonade has been rated the top insurtech company in the US by numerous leading review sites . According to independent reports , 94 % of policyholders indicated they are likely to renew their policy , 96 % would recommend their services to a friend and 97 % have rated their claims experience positively . Co-founders Shai Wininger and Daniel Schreiber launched the company in 2015 , and in its first funding round in December 2015 , the company raised US $ 13mn through investors Sequoia Capital and Israeli VC Aleph . In 2022 , its valuation is hotly debated depending on which report you read , but it is commonly believed to be at around US $ 8bn .