Core Insights - Lemonade Inc. is reducing its reinsurance cession from 55% to 20% for new and renewing policies, allowing the company to retain a larger share of premiums while reinsurers take on a smaller portion of risk [1] Company Summary - The structural change in reinsurance cession indicates a strategic shift for Lemonade Inc. to enhance its financial position by keeping more premiums [1] - This adjustment reflects the company's confidence in its underwriting capabilities and risk management [1] Industry Implications - The reduction in reinsurance cession may signal a trend among insurtech companies to retain more risk, potentially leading to increased competition in the insurance market [1] - This move could influence how traditional insurers approach their reinsurance strategies in response to changing market dynamics [1]