French insurtech Alan raises €480 million to challenge Canada's group benefits incumbents

French Insurtech Alan Secures €480 Million and Expands in Canada

Alan, a French insurtech company, has announced it raised €480 million as part of its efforts to expand in the Canadian market. According to the company, this funding will support its ambition to challenge established Canadian group benefits providers such as Sun Life, Manulife, and Great-West Life. Alan has reportedly tripled its Canadian membership, indicating growth in that region.

Original Source: https://www.insurancebusinessmag.com/ca/news/breaking-news/french-insurtech-alan-raises-480-million-to-challenge-canadas-group-benefits-incumbents-580389.aspx