Luko has had an incredible first year, acquiring more than 20 thousand customers in France and raising 20M€ in Series A funding collectively from Accel, Founders Fund and SpeedInvest, Luko are on track with their ambition of becoming the european leader focused on delivering an online-only service focused on real-estate insurance and home services.
In partnership with Muchich Re, Luko announced in June 2019 they would go further than any insurance company had gone before and use satellites situated in outer space to capture imagery and gather computer vision to better protect homes and evaluate the price of home insurance, a world first.
Julien Gigoi, who was most recently Chief Actuary at the direct-to-consumer insurance brand l’Olivier, the French counterpart of Admiral and the european leader in direct to-consumer insurance, will now lead the team at Luko. Julien will oversee all insurance and data activity at the young and rapidly growing company. His first priority will be to refine pricing and warranties to be the fairest and best available on the market. He will develop new services and implement strategies to ensure the Luko customer experience is second-to-none.
According to co-founder and CEO Raphael Vullierme, Julien will bring his cutting-edge expertise in data analytics from the motor insurance industry to home insurance market: “We did not start Luko with a unique underwriting approach. We launched Luko to protect european homes and bring transparency to the in insurance. Having Julien Gigoi is the natural step forward in building a category leader in every part of the value chain, from sensor to preventable damages, underwriting, distribution and repair network”
Julien Gigoi commented :”In Europe, home insurance underwriting is 10-20 years behind motor insurance. I’ve been following Luko since their early days and I have been really impressed by the speed and their ability to execute their clear vision. Luko have gathered a unique pool of driven and talented individuals from both the tech and insurance industry to completely rewrite what is home insurance is. I am thrilled to bring my experience in data and portfolio building to the brand.”