Lemonade, America’s top-rated insurance company, has joined the rapidly expanding list of companies using Ivo. Ivo’s AI-powered contract review tool will allow Lemonade to generate precise, accurate redlines while reducing the time spent manually reviewing contracts.

Like many in-house legal teams, Lemonade needed a solution to speed up its laborious, manual contract review processes. Lemonade’s in-house legal team evaluated many AI-powered solutions before choosing Ivo. Ivo’s platform received top marks for accelerating their contract review processes by 75%, while achieving fast time-to-value with implementation that takes just one to two weeks. In addition, Ivo’s custom-built playbooks offer rapid, surgical redlines and consistent insights that accurately reflect each company’s unique legal standards. Lemonade will use Ivo to, among other things, review vendor agreements, including redlines of their form agreements. 

Min-Kyu Jung, CEO & Co-Founder of Ivo, noted:
“We are proud to partner with Lemonade as they embrace AI to transform their legal workflows. By choosing Ivo, their team is investing in the ability to focus on the highest-value outcomes and to achieve strategic impact.” 

In-house legal teams appreciate Ivo’s purpose-built AI, which understands complex legal documents with institutional knowledge and surgical precision. In other words, Ivo understands your contracts as a lawyer does. 

Legal teams—specifically those in the financial services and insurance industries—choose Ivo to enhance and standardize their agreement review workflows. Ivo’s use of bespoke playbooks promotes custom results with rapid, surgical redlines that accurately reflect an institution’s unique legal positions.

Want to learn more? See how Ivo can help you achieve similar results.