Daniel Schreiber: The Lemonade Co-Founder Building AI-Native Insurance From Tel Aviv

The Builders | Olam.business

Daniel Schreiber is the co-founder and CEO of Lemonade (NYSE: LMND), the Israeli-founded AI-native insurance carrier he built with Shai Wininger, who also co-founded Fiverr. Lemonade went public in July 2020 at a $1.6 billion valuation, peaked above $10 billion market cap in January 2021, and operates core R&D out of Tel Aviv while headquartered in New York.

At a Glance

The AI-Native Insurance Thesis

Schreiber and Wininger's founding thesis was that insurance is structurally adversarial — the carrier profits when it doesn't pay claims, misaligning incentives between insurer and policyholder from the outset. Lemonade's answer was to combine AI automation with a fixed-fee business model: the company takes a flat fee from premiums and gives away unclaimed money to charities the policyholder chooses, removing the direct incentive to deny claims.

The technology stack built to execute that thesis includes Maya, which handles customer onboarding and policy generation; AI Jim, which processes claims and has been publicized for paying a claim in three seconds; Cooper, which manages risk assessment; and the Customer Cortex, a behavioral data engine for pricing and personalization.

Before Lemonade, Schreiber was president of Powermat Technologies, the wireless-charging company, and held senior roles at SanDisk following its $1.55 billion acquisition of M-Systems — the Israeli company founded by Dov Moran that invented the USB flash drive. His path from Israeli hardware to Israeli insurtech spans two distinct generations of Israeli deep-tech commercialization.

Where Schreiber Sits in the Israeli Founder Landscape

Schreiber and Wininger represent the Israeli founder cohort that builds US-market consumer companies from Tel Aviv R&D. Wininger's dual founding role — Fiverr and Lemonade — makes him one of the rare Israeli founders with two NYSE-listed companies; Schreiber brought the operating and commercial instincts that paired with it. The result is one of the most visible Israeli-founded consumer brands on public markets.

Lemonade's post-IPO trajectory has tracked the broader insurtech and growth-stock correction: from a $10 billion-plus peak, the market cap has since fluctuated between roughly $1.5 billion and $3 billion, and the company has not yet turned GAAP-profitable. The open question is whether the AI-native stack produces durable underwriting advantages that compound over time, or whether Lemonade is fundamentally a technology company absorbing insurance losses. Schreiber's operating bet, a decade into the company's life, remains the former.

Frequently Asked Questions

Who is Daniel Schreiber?

Daniel Schreiber is the co-founder and CEO of Lemonade (NYSE: LMND), the Israeli-founded AI-native insurance company he built with Shai Wininger in 2015. Before Lemonade he was president of Powermat Technologies and held senior roles at SanDisk.

What is Lemonade's business model?

Lemonade takes a fixed fee from insurance premiums and donates unclaimed money to charities policyholders choose, intended to remove the incentive for the insurer to deny claims. The company uses AI systems — Maya, AI Jim, Cooper, and the Customer Cortex — to automate onboarding, claims, risk assessment, and pricing.

When did Lemonade go public?

July 2020, on the NYSE, at a $1.6 billion valuation. The stock peaked above a $10 billion market capitalization in January 2021 before repricing with the broader insurtech correction.

Is Daniel Schreiber related to Shai Wininger?

They are co-founders, not relatives. Wininger also co-founded Fiverr, making him one of the few Israeli founders with two NYSE-listed companies.

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The Olam Editorial Team | The Builders / הבונים