Start-up trends
6 partner start-ups and joint projects already.
Tripling policyholder numbers in 2018 and covering 100,000 people within three years is Alan’s target.
One million more users and 2,000 accounts opened per day on Lydia.
"All the start-ups supported by CNP Assurances under the Open CNP programme are part of a trend that will change how insurance works in the future or is already challenging it today."
Hélène Falchier, Head of Private Equity and CEO of Open CNP
Lendix
Crowdlending is transforming the way in which SMEs raise finance, with a positive effect on their development, the economy and employment. Individual investors can invest their savings directly in businesses looking for funds for their projects in return for an attractive interest rate. Lendix is the leading platform in this area in France and very well placed across continental Europe. CNP Assurances is now one of its shareholders and has also supported Lendix’s efforts to raise funds from institutional investors.
Stratumn
Blockchain technology helps data to flow more freely between partners. Stratumn puts it to work for businesses by helping them to secure, authenticate and audit intra- and inter-enterprise processes. After CNP Assurances acquired a stake in Stratumn, it conducted a trial together with 14 other insurers enlisted by the FFA (French insurance federation), with a round table event, co-hosted by France Digitale and CNP Assurances at the Station F hub, providing feedback.
H4D
A pioneer in telemedicine solutions. CNP Assurances includes the Consult Station, a telemedicine booth, in its responses to calls for tender made by local authorities. It genuinely helps to put prevention within everyone’s reach and to deliver the benefit of diagnostics in medical deserts.
Alan
Alan, the first independent insurance company to have obtained a licence in France since 1986, raised €12 million in 2016 to pursue a prototype with one key goal: providing 100% online supplementary health insurance for start-ups and freelancers with a streamlined customer experience.
CNP Assurances, which has supported it from the word go, has become Alan’s reinsurer and co-developed a group personal risk offering now distributed by the start-up. In April 2018, Alan, which already covered more than 7,000 people and 850 businesses, raised a further €23 million to step up the pace of its development.
It attracted some of the leading names in venture capital, and CNP Assurances again gave Alan its backing.
Lydia
Lydia, the 6th investment made under the Open CNP programme, is a fintech founded in 2013, specialising in mobile payment solutions. It is already the French market leader in this segment. Its instant payment application – a big hit with young people – now has more than 1 million users, and over 2,000 new accounts are opened every day. The partnership programme includes supporting Lydia’s expansion in France and the rest of Europe, co-developing new services building on mobile payment and drawing inspiration from Lydia’s ability to attract young people.
MyNotary
This web platform, which has broken new ground in France, helps to make buying and selling real estate a smoother process. It provides a central repository for all the relevant documents and fosters collaboration between the parties (buyers, sellers, property agents and notaries) from the preliminary contract through to completion. It is already used by 2,000 real estate professionals and over 750 notaries in France. Acquiring a shareholding will give CNP Assurances, France’s number 1 term creditor insurer, even deeper insights into the expectations and new patterns of use of would-be borrowers.