The tricolor unicorn Alan has an “exceptional” year

© Alan

The time has come for Alan to take stock and clearly, the startup has escaped the complicated period experienced by French Tech. On the contrary, its management is looking forward to an “exceptional” 2024. 60~/em> 

Major partnerships

The company surpassed €500 million in annualized premiums, an increase of 48% compared to 2023. At the same time, it reduced its losses to €54 million, compared to €59 million the previous year. Alan, which specializes in health insurance, gained 200,000 new policyholders during this period, increasing its total number to 700,000. It has set itself the goal of having one million insured persons within 18 months.

« Our collaborations with the public sector and leading companies have demonstrated our ability to positively influence the health ecosystem in all sectors and all sizes of organization », says Mihaela Albu, the director of the unicorn valued at 4 billion euros, in a publication on LinkedIn.

Because Alan has been able to count on major partnerships to strengthen its activities in 2024. Starting with two major public contracts, with the Ministry of Ecological Transition and the Prime Minister's services. Similarly, the unicorn has partnered with Belfius, the second largest Belgian bancassurer, in order to strengthen its presence in the flat country.

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The bank, which invested in Alan during a fundraising of 173 million euros, offers the insurtech's products and solutions to its customers. The startup has also launched in Spain and Canada.

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Focus on AI

«  We have managed to control our operational expenses thanks to AI. “Around 50% of our growth corresponds to productivity “, supported Ludovic Bauplé, revenue director, during a press conference.

Unsurprisingly, Alan has also surfed the artificial intelligence wave. “The launch of our Alan Walk, Shop and Mo services illustrates our approach to innovation and artificial intelligence to improve our users' health experience on a daily basis. For example, more than 3,000 conversations have taken place between our members and our AI-driven medical assistant, which demonstrates a strong and natural adoption of the service », explains Mihaela Albu.

The startup intends to continue on this good momentum, and is aiming for 700 million euros in annualized premiums in 2025, an increase of 40% compared to last year. Similarly, it expects to be profitable in 2026.

• Alan recorded an “exceptional” year, while the French Tech sector suffered overall in 2024.
• The startup specializing in health insurance recorded 500 million euros in annualized premiums, and has 700,000 policyholders.
• It has drastically strengthened its presence internationally, particularly in Canada.

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