The group-benefits provider has been licensed as an insurance provider and is hiring its first 50 employees in Toronto as it seeks to horn in on a sector traditionally dominated by giants like Manulife and Sun Life. Canada is Alan’s first expansion outside Europe, where it boasts 675,000 members. (The Logic)
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The group-benefits provider has been licensed as an insurance provider and is hiring its first 50 employees in Toronto as it seeks to horn in on a sector traditionally dominated by giants like Manulife and Sun Life. Canada is Alan’s first expansion outside Europe, where it boasts 675,000 members. (The Logic)
Talking point: The Ontario Teachers’ Pension Plan invested in the mobile-first company in 2022 and participated in a €173-million Series F round announced in September that valued the eight-year-old company at €4 billion. More than just processing claims, insurance companies are increasingly offering things like online pharmacies and virtual appointments for plan members (sometimes in ways not everybody likes), usually through partner companies. Alan plans to do the same, but to run those services itself.
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