Toyota Insurance Management Solutions partners with Lemonade to enhance insurance offerings
10/16/24, 4:15 AM
Industry
insurance
employee benefits
Type
partnership
In March 2024, Lemonade appointed Toyota Insurance Management Solutions (TIMS) to enhance its insurance offerings, including cross-selling home and renters insurance, bundling them with auto policies through its agents. TIMS partners with multiple carriers and offers a branded auto insurance product powered by Toggle. The Insure Connect platform focuses on usage-based insurance (UBI), allowing Toyota and Lexus drivers to share their vehicle driving data in exchange for personalized insurance quotes based on safe driving behavior, potentially leading to savings. Toyota Insurance also aims to bring additional companies on board to provide customers with a wide variety of insurance options.