Alan

Alan

Digital health insurance platform in Europe

About Alan

Simplify's Rating
Why Alan is rated
B
Rated B on Competitive Edge
Rated A on Growth Potential
Rated C on Rating Differentiation

Industries

Financial Services

Healthcare

Company Size

1,001-5,000

Company Stage

Series F

Total Funding

$712.4M

Headquarters

Paris, France

Founded

2016

Overview

Alan provides digital health insurance solutions designed to improve the healthcare experience for both individuals and businesses in Europe. The platform offers a range of health insurance plans that users can easily manage online, including policy management, claims submission, and access to healthcare services. Alan's business model is based on subscription fees from clients for insurance coverage and additional services. What sets Alan apart from traditional insurance companies is its focus on transparency, user-friendliness, and efficient claims processing. Additionally, Alan uses technology to provide personalized healthcare recommendations and preventive care tips, aiming to enhance the overall value for its users.

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Funded Recently
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Simplify's Take

What believers are saying

  • Alan's revenue reached €505 million in 2024, showing strong financial growth.
  • The European digital health market is projected to grow at a CAGR of 27.1% until 2028.
  • AI integration in health insurance could reduce operational costs by up to 30% by 2025.

What critics are saying

  • Increased competition from AI-driven health platforms could challenge Alan's market position.
  • Alan's expansion into Canada may face regulatory hurdles due to market differences.
  • Reliance on AI for customer interactions may lead to privacy concerns and regulatory scrutiny.

What makes Alan unique

  • Alan offers a seamless digital health insurance platform in the European market.
  • The company integrates AI for personalized healthcare recommendations and preventive care.
  • Alan's acquisition of Wave.ai enhances its mental health and professional development services.

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Funding

Total Funding

$712.4M

Above

Industry Average

Funded Over

7 Rounds

Notable Investors:
Series F funding comparison data is currently unavailable. We're working to provide this information soon!
Series F Funding Comparison
Coming Soon

Benefits

Health Insurance

Unlimited Paid Time Off

401(k) Retirement Plan

401(k) Company Match

Commuter Benefits

Professional Development Budget

Conference Attendance Budget

Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↓ -1%

2 year growth

↑ 0%
TechCrunch
Jan 29th, 2025
Health Insurance Startup Alan Keeps Growing At A Rapid Pace

With its 700,000 customers, Alan could be considered as a mature company. But the health insurance company that wants to become a digital companion for your health is still growing like a startup.On Wednesday, the company shared some financial metrics. The most impressive one is its top-line revenue. In 2024, the company generated €505 million in revenue (around $525 at today’s exchange rate).But comparing Alan with a normal tech startup can be difficult as the startup is an insurance company. It offers a health insurance product that complements the national healthcare system in France, Spain, Belgium and soon Canada.“The model remains the same: we aim for a breakeven claims-to-premiums ratio, with a membership fee of 12% to 14%,” Alan’s co-founder and CEO Jean-Charles Samuelian-Werve said at a press conference. In other words, the vast majority of Alan’s revenue could be considered as insurance premiums with Alan taking a 12 to 14% cut for additional services and management fees.If you want to compare Alan with a software-as-a-service company, a little back-of-the-envelope calculation would rank Alan as a startup with €60 to €70 million in annual recurring revenue ($62 to $73 million).However, the startup valued at $4.5 billion is still losing money

FrenchWeb
Jan 9th, 2025
Frenchweb 2025, Qui Sont Les Entreprises De La Tech Française Qui Recrutent Le Plus ?

FRENCHWEB 2025, qui sont les entreprises de la tech française qui recrutent le plus ?Les entreprises qui recrutent dans la French Tech en 2025 : plus de 510 000 emplois recensésMalgré un contexte économique au ralenti, les acteurs de la French Tech et des secteurs de l’innovation poursuivent leur dynamique de création d’emplois. En 2024, les entreprises du secteur regroupaient plus de 510 000 emplois, en légère hausse par rapport aux 488 860 recensés fin 2023, selon un panel de plus de 1500 sociétés analysées par notre partenaire WE-INNOVATE.EU. Ce panel inclut startups, PME, ETI et grands groupes, couvrant des secteurs variés comme l’agriculture, le spatial, le quantique, les biotech ou encore l’e-commerce.25 entreprises en tête du recrutementLes entreprises les plus actives cette année incluent Dassault Systèmes, Believe, Ecovadis, Qonto, OVHcloud et Exotec. Ces organisations figurent parmi les leaders grâce à leur capacité à offrir des opportunités diversifiées dans des secteurs comme l’IT, les fintechs, et les greentechs. Les 25 entreprises en tête, listées dans cette édition, recrutent dans des fonctions variées, des métiers techniques aux postes plus traditionnels adaptés aux besoins des entreprises innovantes.Nous n'avons pas pu confirmer votre inscription. Votre inscription est confirmée

FrenchWeb
Nov 6th, 2024
Ia : Comment L’Insurtech Alan Veut Marquer La Différence Et En Faire Sa Marque De Fabrique

Alan, pionnier français de l’assurance santé 100% numérique, conjugue l’intelligence artificielle tant au niveau de l’innovation produit que de son modèle d’affaires. Ce choix stratégique permet à la startup de réinventer les pratiques de l’assurance santé et d’offrir des services plus rapides, personnalisés et accessibles. En s’appuyant sur l’IA, ALAN se positionne comme une alternative aux acteurs historiques, qui peinent à intégrer ces nouvelles technologies, fort de leur héritage technique inadapté. De nouveaux produits et services qui reposent sur l’IA:. Mo : l’assistant médical IA supervisé par des médecins

TechCrunch
Nov 5th, 2024
Alan Unveils Ai Health Assistant For Its 680,000 Health Insurance Members

French tech startup Alan held a press conference this morning to announce three product updates. While it is better known as a health insurance company, the startup has always been trying to offer more than insurance coverage. It wants to build a super app for all things related to healthcare.For instance, Alan lets you ask a question to a doctor and get an answer within 15 minutes or so. This feature has been live for the past four years.The next logical step is leveraging artificial intelligence for medical conversations. Alan is adding a virtual assistant called Mo. It is currently directly tied to the feature that lets you chat with doctors.“On the one hand, we increasingly want to be in charge of our own health

Versicherungsmonitor
Sep 23rd, 2024
Alan raises €173 million funding

Insurtech Alan has raised €173 million. This article is available only to premium subscribers of Versicherungsmonitor. Unauthorized sharing of this content, even with colleagues, is prohibited and may violate legal and company compliance rules.

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