Insurtech Magazine September 2023 | Page 31

Alan
Digit Insurance

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Alan

US $ 3bn
Alan is a French insurtech company that provides digital insurance solutions for businesses and individuals . Founded in 2016 , Alan offers a range of insurance products , including health insurance , personal accident insurance , and liability insurance . The platform provides customers with an easy and transparent way to purchase insurance policies , compare coverage and prices , and manage their insurance needs .
In addition to insurance products , Alan also offers digital services , such as policy management , claims management , and telematics services . This allows customers to easily manage their insurance policies and make claims through the platform , making the insurance process more convenient and efficient .

Digit Insurance

US $ 4bn
A full-stack insurer , Digit Insurance is one of India ’ s leading insurtechs on a mission to offer simple products and services to its clients . The company expanded its offering in 2018 after acquiring ITI Reinsurance for US $ 72.8m . It has also generated US $ 585.6m in funding across nine rounds , with lead investment from venture capitalists Peak XV Partners and TVS Capital Funds . Most recently priced at US $ 4bn , Digit Insurance ’ s full-stack service really is full stack , covering everything from car , bike , commercial , travel , health and D & O insurance among other services .
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