Lemonade partners with global office-space provider

Lemonade has partnered with global office-space provider WeWork.

WeWork offers shared office space to firms of all sizes in London, as well as the US, China, Israel, Canada, Spain, Germany and Australia.

While the partnership will only see Lemonade provide renters insurance to WeLive customers (WeWork’s residential offering) in New York and Washington to begin with, Lemonade co-founder and chief operating officer Shai Wininger said he “can’t wait to see what we’ll build together.”

He added: ”As a company driven by technology and social good, partnering with WeWork is the perfect fit. Our brands share many values such as customer centricity, sense of community, and relentless execution.”

WeWork will now refer new and existing members to the insurtech’s renter’s insurance.

Speculation

The insurtech said on Linkedin and Twitter that “this was just the beginning” alongside the news of its current partnership sparking speculation that more was to come.

Jennifer Skyler, WeWork chief communications officer, said: “Partnering with Lemonade not only provides WeLive members with an ideal insurance solution, but also helps our community thrive by enhancing our member experience. Lemonade is a true innovator and a mission-driven company that aligns with our own values, and we look forward to helping more people together.”

She added: “WeWork is committed to supporting our members, from our dedicated community team to the variety of service offerings we provide.”

But this is not the first residential partnership for Lemonade, earlier in April it teamed up with peer-to-peer market place, Roomi ̶ a firm that helps young people search for rooms, sublets and roommates safely.

Last week Lemonade hired former Spotify head of global business, Jorge Espinel as its new chief business development officer.

It is a US based insurtech overhauling the way insurance is delivered through digitisation, whilst taking its profit upfront and donating the rest at the year end’s unclaimed to a charity of the customers choice.

Insurtech buzzmove is also helping the home insurance market, by launching a new product in November which helps select removal firms more accurately and subsequently insuring home contents using a digital app-based vault. 

WeWork has been contacted for comment on the partnership.