Metromile

Short interest as a percent of float is a great indicator of current market sentiment.

The InsurTech’s loss ratio drops 18.3 points to 57.4% amid a pandemic-related drop in driving.

The report parses some of the more interesting aspects of going public through de-SPACing.

Surprisingly, beyond the InsurTech names, changes in short interest were somewhat muted for the broader P&C sector.

The company becomes the latest listed Insurtech to suffer from a steep one-day drop following Lemonade’s 14% plunge last week.

Reduced accident development led to a prior underestimate in the December frequency benefit.

Former Uber executive Ryan Graves will invest $50mn in Metromile and join the company’s board.

California and Delaware insurance regulators are among those to approve the merger.

Listing capital will be enough to turn InsurTech "cash-flow positive" said the CEO.

The governance practices at Lemonade, Root and Metromile are distinctly “management-friendly” and bear some resemblance to tech disruptors outside the industry.

The InsurTech also discloses an increased fourth quarter marketing spend.

Metromile: In part two of our series on Metromile, our research team presents a deep dive into the company’s growth model – outlining what’s gone wrong, what the company is doing to fix it, and what the consequences of these actions are likely to be – both intended and unintended.