Lemonade Sells Metromile’s Enterprise Business Solutions Platform To EIS; Terms Not Disclosed

Lemonade (NYSE:LMND), the insurance company powered by AI and social impact, today announced the close of its divestiture of Metromile's Enterprise Business Solutions (EBS) to digital insurance platform, EIS.

Lemonade (NYSE:LMND), the insurance company powered by AI and social impact, today announced the close of its divestiture of Metromile’s Enterprise Business Solutions (EBS) to digital insurance platform, EIS. EBS was Metromile’s SaaS claims automation and fraud detection platform which it licensed to large insurance carriers.

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