These progressions can trigger orders-of-magnitude increases in insurance premiums. Insurance is, at its core, a social good. The graduation trend is similar with respect to homeowners. Pepper sounds the same today as it did in 1967. About 30% of all customer inquiries are handled this way. The efficiency boost CX.AI delivers is exemplified by its impact on \'moving\' tickets. In July 2020, we launched our latest product, pet insurance. Due to the limitations of these data, customers appeared relatively undifferentiated. The rules and regulations set out in the IDD have been implemented in the DFSA. Lemonade B.V. is subject to group supervision by DNB under the Solvency II Directive. Our business model is predicated on behavioral economics. In addition, we have limited data to validate key aspects of our business model. Our Non-Proportional Reinsurance Contracts have a one-year term expiring June 30, 2021. We anticipate that we will continue to rely on such third-party software in the future. See "Business — Legal Proceedings. Accordingly, the amount of growth we experience may also be greater in the third quarter. We may be the target of this type of litigation in the future. Applicable insurance laws may make it difficult to effect a change of control. See also "Business - Regulation — Changes of Control. We currently intend to take advantage of each of the exemptions described above. We may evaluate target companies and make acquisitions in the future.