wefox Italy is shaking up the motor insurance industry with the launch of a new third party liability insurance product for motor and bike owners in Italy. The new products redefine existing standards and offer innovative service to customers.
"These exciting new products will be available of course from our insurance intermediaries and through our digital platform,” comments Matteo Bevilacqua, CEO of wefox Italy. “Our customers buying these products will enjoy new standards and service thanks to our sophisticated data analysis. wefox is focussed on moving away from the traditional insurance model which is based on 'repair and replace', to a new model that is fit for purpose for the way we live today. Our model is focussed on ‘predicting and preventing'. We use the latest AI technology and implement algorithms to create pay as you drive policies.”
wefox Italy has also established key collaborations within the automotive sector to better serve their customers. New partnerships include:
IMA Italia Assistance, providing a new car assistance guarantee that combines various insurance services, including roadside assistance and car replacement. The policy is provided through automated digital management, for quick and effective customer support.
Swiss Re, with whom wefox actuarial team has developed a risk profile assessment model with the objective of increasing road safety based on the ADAS (Advanced Driver Assistance System) set-up.
DAS, is the first Italian company specialising in legal protection, the collaboration manages claims and protects the rights of policyholders on behalf of wefox Italy.
About wefox
[GER]
wefox. Empowering Insurance.
wefox wurde 2015 von Julian Teicke, Fabian Wesemann und Dario Fazlic gegründet. Das Ziel des InsurTechs: Empowering Insurance - die Versicherungsindustrie vollständig zu digitalisieren und so alle Akteure auf einfachem Wege zusammenzubringen.
Im März 2024 wurde Mark Hartigan zum CEO der wefox Gruppe ernannt, um das Unternehmen in die nächste Wachstumsphase zu führen. Seit der Gründung 2015 hat das Unternehmen seinen Umsatz jährlich gesteigert und 800 Mio. USD im Jahr 2023 erzielt. wefox hat aktuell knapp 3 Mio. Kunden in seinen Märkten Deutschland, Österreich, Italien, Polen, den Niederlanden und der Schweiz.
Im Mai 2023 erweiterte wefox seine Series-D-Finanzierung um 55 Mio. USD und sicherte sich eine zusätzliche RCF in Höhe von 55 Mio. USD von J.P. Morgan und Barclays. Das Unternehmen ist mit 4,5 Mrd. USD bewertet.
[ENG]
wefox. Empowering Insurance.
wefox was founded in 2015 by Julian Teicke, Fabian Wesemann, and Dario Fazlic. wefox is an insurtech driven by a single purpose: Empowering Insurance - driving the digital transformation of the insurance industry and facilitating seamless collaboration among all stakeholders.
In March 2024, Mark Hartigan was appointed CEO of the wefox Group to lead the company into the next growth phase. Since its founding in 2015, the company has annually increased its revenue and achieved $800 million in 2023. wefox currently has nearly 3 million customers in its markets of Germany, Austria, Italy, Poland, the Netherlands, and Switzerland.
In May 2023, wefox expanded its Series D financing by $55 million and secured an additional RCF of $55 million from J.P. Morgan and Barclays. The company is valued at $4.5 billion