Welfaire

Wholesale MGA distributing provident and health insurance for independent professionals in France.

Distribution & Sales Startup Seed

Overview

Welfaire is a provident and health insurance MGA operating as a wholesale broker (courtier grossiste) in France, distributing its products exclusively through a network of partner insurance brokers rather than direct to consumers.

The company designs provident insurance -- covering loss of income from work stoppage, disability, death, and total and permanent disability (PTIA) -- and complementary health insurance for daily medical expenses, targeting independent professionals such as artisans, merchants, members of liberal professions, and company managers. Products are underwritten through a delegated-management arrangement with risk carrier AXA Collectives, under which Welfaire holds authority to design and administer the policies its carrier partner underwrites.

Founded in 2022 by Jérémie Herscovic and Laurent Delacourt, Welfaire raised a EUR 3M seed round in January 2024 led by Daphni, with participation from Kima Ventures, Founders Future, Purple, and business angels. Broker-network size is reported inconsistently across sources, ranging from over 200 brokers as of December 2023 to a self-reported figure of over 1,000 on the company's own undated About page; the more recent figure has not been independently verified.

Products & Services

Provident Insurance (Prevoyance)

Protection against loss of income from work stoppage, disability, death, and total and permanent disability (PTIA), designed for self-employed and independent professionals who lack employer-provided coverage.

Key Features

Loss of income from work stoppage
Disability
Death benefit
Total and permanent disability (PTIA)

Target Users: Independent professionals, artisans, merchants, members of liberal professions, and company managers/presidents

Distribution: Wholesale, via partner broker network

Complementary Health Insurance

Modular, budget-adaptable coverage for daily medical expenses, offered alongside the provident line to the same client base.

Key Features

Daily medical expense reimbursement
Modular, budget-adaptable coverage tiers

Target Users: Independent professionals, artisans, merchants, members of liberal professions, and company managers/presidents

Distribution: Wholesale, via partner broker network

At a Glance

Founded: 2022
Headquarters: Paris, France
Employees: 11-50
Funding: Seed

Category & Focus

Category: Distribution & Sales
Subcategories: MGA / wholesale broker programs digital broker and policyholder platform
Insurance Verticals: Life & Annuity Health
Target Customers: Brokers, Consumers