Two of the most interesting stocks within the insurance industry are Lemonade (NYSE: LMND) and Markel (NYSE: MKL) . Lemonade, which hopes to bring a new twist to the business, just went public in July. Markel has been around for years, but it has flown under the radar as a "baby Berkshire," due to its business model's similarity to Berkshire Hathaway 's.
For investors, both are worth getting to know.
Touted by many as a disruptor to the industry, Lemonade offers renters, homeowners, and pet insurance in the United States -- all of which sounds normal enough. But instead of using brokers, Lemonade uses software, bots, and machine learning to quote rates to potential customers and process claims. It's all digital, with no paperwork or bureaucracy.
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Better Buy: Lemonade vs. Markel