Young French insurance shoots are on the rise.
Hardly a week goes by without a player in this new generation of online insurers, whose contracts are simpler and more transparent, raising capital or making acquisitions.
The latest is called Leocare.
The young shoot has just raised funds of 20 million euros, including a capital increase of 15 million, from three investment funds.
Specializing in auto, motorcycle, home and smartphone insurance, Leocare has claimed 20,000 customers since its creation in 2018.
"This fundraising should enable us to accelerate our development"
, explains Christophe Dandois, co-founder of Leocare, stressing that the company is already profitable.
It aims to expand its range of insurance (bicycles) and services (accident prevention, etc.) and to automate claims management using artificial intelligence.
“We hope to have 200,000 customers
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