Telegram is the fastest-growing app in the world. At least, by some measures. A 2021 report suggested that no major app grew monthly active users more than the messaging service. It now boasts around 600 million users.
Many issues people have with social networks and technology arise from a mismatch between the nature of these networks and the legacy corporate structures that govern them.
The big tailwind is that reinsurers are overcapitalized. Anecdotally, reinsurers are not asking how to get more capital, but they’d really like to find something to do with their existing capital. This means Lemonade can grow using someone else’s balance sheet.