TRADITIONAL insurance business models make little sense to Luko, a French company that prioritises sustainable practices and positive social impacts. Luko sells insurance products for homeowners and renters, using 30 percent of paid premiums to cover operating costs and pooling the remainder to cover claims. Any funds left over at the end of the year go to client-specified charities — instead of feeding corporate profits. Luko has raised $85.1m over five funding rounds, the latest in December 2020. It has earned the trust of more than 300,000 clients — and claimed the 2022 BV award for Best InsurTech Solutions (France).