Lemonade CEO on Car Insurance Expansion

The transcript discusses a company's recent performance, highlighting a 101% revenue growth and the acquisition of Metromile. Despite positive analyst coverage, the market reaction was not as expected. The acquisition is seen as a strategic move to leverage data science capabilities and expand into new markets. The company has diversified its insurance offerings, which is expected to enhance profitability through bundling and cross-selling. The potential for growth in the US market is significant, with existing customers already spending heavily on car insurance.

What market size is mentioned for the insurance industry in the US?

What advantages does bundling insurance products provide according to the text?