Top 100 Insurtech Firms 2019 - 9: Alan
This article was funded by a third party, but the funder had no editorial control.
Last year’s position: 14
Country: France
Founded: 2016
Website: www.alan.eu
The story so far: Alan is a French health insurance provider offering an easy way to buy insurance to individuals, businesses and independent professionals.
Alan offers an online health insurance platform that is 100% online, with zero paper, which allows users to sign up in less than five minutes. This is Alan’s mission – to make insurance simple, easy and remove the admin. The way it does this is through the smart user interface, which allows users to capture and upload documents with their phone. It offers coverage to individuals, families, businesses, and independent professionals.
Alan was founded by CEO Jean-Charles Samuelian, who also co-founded Expliseat, a start-up redesigning airline seating, and chief technology officer Charles Gorintin, who specialises in data science.
Alan is the first insurance business to be licensed in France since 1986. Founded in 2016, the start-up has raised a total $86.5m, and grown its customers from 5,000 to 27,000 and its revenues from $4m to $25m.
In 2018, Alan announced its expansion beyond health insurance by offering telemedicine appointments via its platform, with help from new partners, Livi, the French subsidiary of telemedicine company, KRY. The same year, it launched Alan Map to help patients find nearby GPs, dentists, ophthalmologists and other qualified medical professionals.
Funding stage: Series B
Total funding: $86.5m
Insurance sector: Health insurance and employee benefits, life insurance
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