The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Financial / Insurance/ Estate Insurance, reinsurance and pension funding, except compulsory social security Insurance 65.12 - Non-life insurance
400 jobs Number of planned job creations
Announcement Date
20 April 2021
Employment effect (start)
20 April 2021
Foreseen end date
31 December 2023
Description
France-based insurance start-up Alan has announced that it will create 400 new jobs in Europe by the end of 2023, including France, Spain and Belgium. The company has closed its Series D funding round, raising €185 million. The operation will accelerate the company’s expansion.
In addition to self-employed and SMEs, the company is planning to target also larger companies and new sectors. Currently, Alan has about 9,400 companies in its portfolio and generates €100 million of revenue. Its ambition is to insure one million people by 2023, against 155,000 people today.
The company also plans to launch personalised services like a 'Personal care guidance' to help people contact the right healthcare professional and direct-to-consumer products in Parenting and Mental Health.
Founded in 2016, Alan is a digital health insurance platform that offers insurance services by focusing on a price-quality ratio health plan. Currently, the company employs 350 people.
Eurofound (2021), Alan, Business expansion in European Union, factsheet number 104795, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/104795.
Digitisation and automation technologies, including artificial intelligence (AI), can affect working conditions in a variety of ways and their use in the workplace raises a host of new ethical concerns.
The retail banking sector is fertile ground for studying the impacts of digitalisation on work and employment. Financial services are increasingly provided online, without the intermediary of customer-facing institutions.
European labour markets have recovered strongly from COVID-19. By the end of 2021, little more than 18 months after the start of the pandemic, employment rates in the EU were almost at pre-crisis levels.
