BabySafe Solutions has secured €500,000 in funding from Karista to launch its innovative 'Birth Deficiency Guarantee' in the French group insurance market, addressing previously uninsured risks related to birth accidents.

Target Information

BabySafe Solutions, the recipient of the Reavie 2021 Innovation Award, is dedicated to social and solidarity-based economic missions. Founded by a team of three experts—a doctor, a lawyer, and an actuary—BabySafe Solutions introduces a groundbreaking group insurance product known as the "Birth Deficiency Guarantee" (BDG). This insurance aims to support families affected by the birth of children with functional deficiencies or extreme prematurity. This innovative insurance product is the first of its kind specifically addressing birth-related accidents in the group insurance space.

As a company with a social mission at its core, BabySafe Solutions collaborates with a committee led by Anne Juvanteny, which encompasses a wide array of stakeholders including families, healthcare professionals, social and paramedical entities, associations, and insurers. The BDG acts as a safety net, providing customized support tailored to the unique needs of affected families, thereby positioning itself as a critical resource in the area of birth-related challenges.

Industry Overview in France

The group insurance sector in France is characterized by its competitive landscape and progressive integration of social responsibility into business models. In recent years, there has been a notable shift towards providing more compr