Mila

What Mila does

Mila is a French property insurance company regulated by ACPR (Autorité de Contrôle Prudentiel et de Résolution), founded in September 2020 in Puteaux as RisqueMila and rebranded to Mila in 2021. The company underwrites a focused portfolio of real-estate insurance products for two principal customer groups: individual landlord property owners (Particuliers Propriétaires bailleurs) and real estate professionals, including property administrators, voluntary and professional syndicators, and property traders (marchands de biens). Core products center on rent guarantee insurance (Assurance Loyer Impayé / Garantie Loyers Impayés) and non-occupant owner insurance (PNO), complemented by professional liability, regulatory financial guarantees (Garantie Financière), condominium and building insurance, and tenant home insurance.

Mila's operating model is built on a digital-first platform with three distribution channels: direct online sales through mila.direct, phone-based advisory, and a dedicated broker extranet (courtier.service.mila.care). Customers access a unified client portal for contract management, attestation downloads, and claims tracking, with claims reimbursed within 48 hours of first unpaid month and legal procedures handled in-house at no reimbursement ceiling on rent. The company reports over 200,000 properties insured across France and operates with 11–50 employees.

Mila is a venture-backed private company, having raised €10M in seed funding at inception from Breega (lead) and international business angels following ACPR approval, with a subsequent funding event of approximately $11.6M reported in late 2021. Revenue, premium volume, and loss ratios are not publicly disclosed. The company is led by co-founder and CEO Gerard Deray and co-founder and Deputy Managing Director Jean Boucher, and its operations remain entirely domestic to France.

Name

Mila

Legal name

Mila

Website

https://mila.care

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Mila is a France-based, ACPR-regulated insurer offering rent guarantee, non-occupant owner, and professional liability insurance to individual landlords and real estate professionals, with over 200,000 properties insured via direct and broker channels.

Ownership category

akta.pro rank

Product category

Property and Real Estate Insurance

NAICS

Direct Insurance (except Life, Health, and Medical) Carriers (52412)

SIC

Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Mortgage Default Insurance & Loss Mitigation Services (Claims, Recoveries, MI Servicing) (FSALAJAH)

akta.pro secondary industry

Mixed-Use / Commercial Condominium BOP (FSAJAFAO)

Keywords

• Rent guarantee insurance
• Non-occupant owner insurance
• Property liability insurance
• Real estate insurance
• Landlord insurance

Headquarters

HQ city

Puteaux

HQ country

France

HQ region

Europe

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Distribution channels3 records

Core offering

Mila is a France-domiciled, ACPR-regulated insurance company that underwrites property and rental risk insurance products. Its core offerings are rent guarantee insurance and non-occupant owner insurance for individual landlords, complemented by professional lines for property administrators, syndics, and property traders including professional liability, financial guarantee, and condominium/building insurance. All products are sold, managed, and serviced through a digital-first channel comprising direct website sales (mila.direct), a client self-service portal, a broker extranet, and telephone advisor support.

Product overview

Mila is a French property insurance company offering a unified digital platform for landlord protection products. The core product portfolio centers on Assurance Loyer Impayé (unpaid rent insurance) and Assurance Propriétaire Non Occupant (non-occupant owner insurance) for individual property owners, complemented by professional-grade products including Garantie Loyers Impayés, Responsabilité Civile Professionnelle, Garantie Financière, and Assurance Copropriété et Immeuble for real estate professionals and property managers. All products are distributed through digital-first channels including dedicated online client portals for individuals and professionals, and a broker extranet for insurance intermediaries. The company provides 24/7 online contract management, claims processing within 48 hours, and telephone advisor support Monday to Friday.

Differentiator

Problem solved

Functional benefit

Products and services

• Assurance Loyer Impayé (Rent Guarantee Insurance) Insurance product that protects individual landlords against unpaid rent, with free tenant validation within 6 hours, rent reimbursement within 48 hours of first unpaid month, no reimbursement ceiling, and coverage of contentious proceedings and associated legal costs.
• Assurance Propriétaire Non Occupant (Non-Occupant Owner Insurance) Property insurance coverage for landlords who do not occupy the property they own, protecting against property and liability risks associated with non-occupant ownership.
• Garantie Loyers Impayés (Unpaid Rent Guarantee for Professionals) Professional-grade unpaid rent guarantee product for property administrators and real estate managers, providing portfolio-level protection against tenant default with the same protective features as the individual product.
• Responsabilité Civile Professionnelle (Professional Liability Insurance) Professional liability insurance for property administrators and property traders, protecting against claims arising from the provision of property management services.
• Garantie Financière (Financial Guarantee) Statutory financial guarantee insurance required under French regulations for property managers and personal-services companies, ensuring the financial obligations owed to clients are covered.
• Assurance Copropriété et Immeuble (Condominium and Building Insurance) Combined property and liability insurance for professional and volunteer co-ownership administrators (syndics), covering the buildings and liabilities of co-owned residential properties.
• Assurance Habitation Locataire (Tenant Home Insurance) Home insurance product for tenants, offered as part of the property manager service portfolio to provide tenants with dwelling coverage.
• Espace Client en Ligne (Online Client Portal) Self-service digital platform for customers to sign and manage insurance contracts, download attestations, declare and track claims, and contact advisors, available 24/7 via web.
• Extranet Courtiers (Broker Extranet) Dedicated online portal for insurance brokers and intermediaries to manage their Mila partnerships and client portfolios.

Quantifiable outcome

• Over 200,000 properties insured across France

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Matmut: Established French mutual insurer with significant P&C and property exposure including landlord and condo products. Comparable to Mila on product overlap and French customer base, though broader in scope.
• Wakam: French digital insurer (formerly known as another French entity) operating a B2B2C white-label platform for embedded insurance, including property and specialty lines. Comparable to Mila on digital distribution model and French regulatory base, though broader in product scope.
• MAIF: Major French mutual insurer offering home, PNO, and professional liability products. Comparable to Mila on property-insurance categories and French customer base, though broader in scope and member-owned.
• AXA France: Largest French P&C and life insurer offering landlord, condo, and rent guarantee products through agents and brokers. Comparable to Mila on core product categories but vastly larger in scale and distribution.
• Crédit Agricole Assurances: Major French bancassurer offering property, PNO, and condo insurance products distributed via the Crédit Agricole branch network. Comparable to Mila on product overlap with the landlord and condo segments, but with materially larger balance sheet and branch-driven distribution.

Direct peers

• Garantme: French insurtech providing rent guarantee and tenant screening services to landlords and property managers. Directly competes with Mila's Assurance Loyer Impayé on product, customer (individual landlords and small property managers), and digital-first GTM in France.
• Unkle: French insurtech offering landlord insurance products including rent guarantee and tenant home insurance, marketed through brokers and direct channels. Closely comparable to Mila on product mix and target customers in France.
• Cocoon: French property insurance startup focused on landlord and condo insurance, distributing through a digital platform. Comparable to Mila on customer (individual and professional property owners) and product categories.

Emerging players

• Acheel: French digital insurer offering home, auto, and property insurance with customisable coverage. Comparable to Mila as a French digitally-native insurance carrier, though broader in product scope beyond real estate.
• Leocare: French digital-first insurance carrier offering home, auto, and property insurance via a mobile-first experience. Comparable to Mila as a French digital-native insurer, though broader in product scope beyond real estate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInfr.linkedin.com/company/milaassurance

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mila