Expanding on its existing partnership with BNP Paribas Cardif, digital insurance company Lemonade has launched Homeowners insurance in France.
Lemonade noted that with its European business making significant strides in 2023, the launch of Homeowners insurance throughout France will support its global expansion plans.
Daniel Schreiber, Lemonade CEO and co-founder, commented, “The European market was our fastest growing business last year. We’re now graduating from being a monoline to a multi-line insurer in Europe.
“Combined with our thriving partnership with a trusted, prestigious brand like BNP Paribas Cardif, we’re excited for this next chapter for our European business.”
Since partnering over a year ago, BNP Paribas Cardif and Lemonade have reportedly seen increasing success in offering renters insurance throughout France.
“The partnership, bringing together BNP Paribas Cardif’s proven advisory expertise and Lemonade’s innovative approach, will evolve with an offer that is now aimed at homeowners,” Lemonade explained.
The firm continued, “BNP Paribas Cardif France will be able to propose this fully-digital home insurance to its distribution partners, and Lemonade will benefit from the deep experience of an insurer with a widely recognized brand that has been operating in the French market for 50 years.”
