Lemonade a recent IPO in US is probably about to change the traditional insurance model. Premiums that you pay don't go to pay the executives running the insurance companies. This insurance business model would likely appeal to the millenials and it won't be long they would be in Australia.
Bottomline- Traditional insurance companies on ASX are due to face a game changer .
Best to avoid stocks that can and will be disrupted by these fintechs. They run on low cost operations -app based - lower premiums therefore greater value proposition.
