EMCC European Monitoring Centre on Change

Alan

Company/Organisation:
Alan

Geographic Location

Country: European Union
Location of affected unit(s): France, Spain, Belgium

Company

Sector: Financial services
Financial and insurance activities
65.12 - Non-life insurance
Number Employed: 350

Employment Effects

Announcement Date: 20-04-2021
Type of Restructuring: Business expansion
Employment Effect Start: 20-04-2021
Foreseen End Date: 31-12-2023
Planned Job Creation: 400

Additional Information

France-based insurance start-up Alan has announced that it will create 400 new jobs in Europe by the end of 2023, including France, Spain and Belgium. The company has closed its Series D funding round, raising €185 million. The operation will accelerate the company’s expansion.

In addition to self-employed and SMEs, the company is planning to target also larger companies and new sectors. Currently, Alan has about 9,400 companies in its portfolio and generates €100 million of revenue. Its ambition is to insure one million people by 2023, against 155,000 people today. 

The company also plans to launch personalised services like a 'Personal care guidance' to help people contact the right healthcare professional and direct-to-consumer products in Parenting and Mental Health. 

Founded in 2016, Alan is a digital health insurance platform that offers insurance services by focusing on a price-quality ratio health plan. Currently, the company employs 350 people.

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