More than 100 million individuals had their private health information stolen during the ransomware attack on Change Healthcare in February, a cyberattack that caused months of unprecedented outages and widespread disruption across the U.S. healthcare sector. This is the first time that UnitedHealth Group, the U.S. health insurance provider that owns the health tech company, […]
Health and life insurance providers face a rising volume of claims due to chronic disease and aging populations, but their processes lack scalability. AI automation can help, but it takes more tailoring than for other insurance types. Automating property and casualty insurance, for instance, gave rise to public company Guidewire decades ago, but health insurance
In 2016, when Alan originally launched its health insurance product in France, it was the first new health insurance company in the country in 30 years. Now, as Alan announces its expansion to Canada, the startup is about to break a new record: There hasn’t been a new health insurance company in Canada since 1957.
Alan, the French insurance unicorn, just signed a multi-faceted deal with Belfius, one the largest banks in Belgium, that includes a distribution partnership along with a significant financial investment in the startup. Belfius is leading Alan’s Series F funding round of €173 million (around $193 million at current exchange rates). Some of Alan’s existing investors
Health insurance startup Alan reaches $4.5B valuation with new $193M funding round Read More »
